PSNY Earnings Prediction
The chart below shows how PSNY performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PSNY sees a -17.45% change in stock price 10 days leading up to the earnings, and a +16.69% change 10 days following the report. On the earnings day itself, the stock moves by +4.83%. This data can give you a slight idea of what to expect for the next quarter's release.
PSNY Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
572.65M
-17.51%
65.82%
Gross Margin
0.30%
230.43%
-103.36%
Operating Margin
-40.97%
2.45%
-38.92%
Net Margin
-46.62%
6.76%
-41.31%
EPS
-0.13
-7.14%
-0.00%
No Data Available
PSNY Earnings Analysis
Gores Guggenheim, Inc. Class A Common Stock Corporation (PSNY.O) Earnings Conference Call
Positive
Surge in Vehicle Sales: Global vehicle sales increased by over 80% in Q2 2024, totaling 13,150 cars sold, demonstrating strong demand and operational momentum.
Revenue Surge in Q2 2024: Revenue surged nearly 70% to $575 million in Q2 2024 compared to Q1 2024, reflecting effective sales strategies and market penetration.
Cost Management Efficiency: SG&A expenses rose only 6% despite over 80% volume growth, showcasing effective cost management and operational efficiency.
Strong Liquidity Position: Polestar reported $669 million in cash and cash equivalents, indicating strong liquidity and prudent cash management practices.
New External Funding Secured: The company secured up to $300 million in new external funding, enhancing its financial position and supporting future growth initiatives.
Negative
Revenue Decline Analysis: Revenue decreased $118 million or 70% due to lower global volumes and higher discounts compared to Q2 2023.
Increased Operating Loss: Operating loss increased $18 million to $242 million in Q2 2024 compared to Q1 2024, indicating worsening financial performance despite higher sales volumes.
R&D Expense Reduction: Research and development expenses decreased $36 million or around 75%, primarily due to Polestar 2 IP amortization being capitalized in inventory, which negatively impacts future product development.
Operating Income Decline: Other operating income decreased $32 million, primarily due to foreign exchange effects, further straining overall financial results.
Operating Cash Outflow: The company reported an operating cash outflow of $166 million since December, indicating ongoing cash burn despite efforts to manage working capital.
PSNY FAQs
How does PSNY typically perform around its earnings report dates?
Is Polestar Automotive Holding UK PLC (PSNY) Q2 2024 Earnings Call Summary positive or negative?
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PSNY Earning Call Sentiment
Polestar Automotive Holding UK PLC (PSNY) Q2 2024 Earnings Call Transcript
1.0x
00:00
00:00
PSNY.O
0%Positive
The earnings call presents mixed signals: strong vehicle sales growth and revenue increase are positive, but the company faces increased operating losses and a lack of shareholder return initiatives. The Q&A section highlights management's cautious optimism and strategic efforts, but also reveals uncertainties about gross profit impacts and working capital sustainability. No new partnerships or guidance changes were announced. Given the small-cap nature of the company, the overall sentiment is neutral with potential for slight positive movement if operational improvements materialize.
