Fisker just announced their Q3 2023 quarterly results, showcasing their steady business growth and operational progress. The company’s latest update includes the expansion of deliveries, the opening of new flagship lounges across the US, and a surge in vehicle production and deliveries. In Q3, Fisker achieved a meaningful automotive sales revenue of $71.8 million and completed the delivery of 1,097 Fisker Ocean vehicles.
Fisker’s business highlights for Q3 2023 include significant developments such as ramping up production, expansion into new markets, and the adjustment of pricing across different trim levels. Notably, the company increased its global deliveries and opened lounges in major cities such as Los Angeles and New York. Fisker also initiated over-the-air software updates to enhance user experience and introduced new products like the Rōnin and PEAR.
In terms of financial performance, Fisker reported a gross margin of 9% (adjusted) and a net loss of $91.0 million, with cash and cash equivalents totaling $625.4 million as of September 30, 2023. The company’s Q3 2023 earnings call will take place later today, where management will discuss the quarterly results and upcoming plans.
To stay updated with Fisker’s latest offerings and announcements, customers can reserve Fisker vehicles or join discussions about the Fisker Ocean on the Fiskerati Forums. The company also encourages users to download the Fiskerati app to receive real-time updates and news. For inquiries and collaborations, individuals can reach out to Fiskerati by email, and connect with the brand on various social media platforms.
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