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Fisker reports Q4 EPS (54c), consensus (42c)
The Fly

Fisker reports Q4 EPS (54c), consensus (42c)

Reports Q4 revenue $306,000, consensus $2.51M. "Thank you to all our stakeholders, teams, and partners for the amazing progress we made in 2022. This year we have continued to refine our vehicles, with a particular focus on software, as we prepare for deliveries," stated Henrik Fisker, Chairman and Chief Executive Officer of Fisker. "We are the first startup to homologate two continents simultaneously. We have completed over 250 various tests and the teams are submitting these results continuously to regulatory authorities. The ability to initially sell the Ocean in the US and seven European launch markets is unprecedented and a major de-risking strategy that we implemented from the outset. This approach offers the opportunity to increase sales and shift vehicles to whichever market has the strongest growth. Launching a high-quality Fisker Ocean with class-leading range, innovations, and features is our number one priority. We have finalized our EPA and WLTP testing and our internal findings show longer range for the Fisker Ocean than we initially projected. These results reinforce our expectation that, at the time of launch, the Fisker Ocean will have the longest range of any SUV/Crossover priced below $70,000. We are excited to get the Ocean in the hands of our loyal customers shortly after the homologation process is complete," Fisker stated. "I’m looking forward to the launch of the next generation website and app this week that will further improve and enhance the customer experience."

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