Reports Q3 revenue $71.8M, consensus $109.03M. Cash and cash equivalents and restricted cash was $625.4M as of September 30; this excludes $50.5M in VAT receivables which Fisker expects to receive as refunds or to monetize against vehicle sales taxes. “The Q3 was very significant for Fisker as we delivered 1,097 Fisker Ocean vehicles to customers across two continents, which represents the largest delivery volume for any US-based EV OEM in their first full quarter of deliveries. We are rapidly scaling our delivery infrastructure to support even higher volumes of deliveries of our class-leading product to our loyal customers. We are gaining momentum and delivered more units in the month of October than in all of the third quarter,” stated Henrik Fisker, Chairman and CEO.
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