Fisker announces Q4 and full year 2022 financial results.
Play the article!

Fisker announces Q4 and full year 2022 financial results.

Fisker will start the deliveries of Ocean after the completion of homologation testing in March.

Electric vehicle (EV) manufacturer Fisker has announced its operational and financial results for the fourth quarter and full year 2022, with the figures surpassing expectations.

In terms of financials, Fisker reported a loss from operations of $178.1 million for the year, which includes $2.2 million of stock-based compensation expenses. Despite this, the company’s full-year 2022 total spending of $702 million was below the anticipated range of $715 million to $790 million. Moreover, Fisker’s cash balance at the end of the year was over $736 million, exceeding expectations and excluding approximately $28 million of VAT receivables delayed to 2023.

One of Fisker’s key projects is the homologation testing of the Fisker Ocean, which is progressing well, and the company expects completion in March. After the regulatory approval process, consumer deliveries are set to begin.

Furthermore, Fisker has nominated European and US partners for home delivery, service, trade-in, and public charging. Over twenty showrooms, service centers, vehicle processing centers, and pickup locations are either secured or in negotiations in Europe and the US.

Fisker started the production of Ocean in November of last year in Austria. The company will produce over 300 units in Q1 of 2023 and increase it to over 8,000 units in Q2. In Q3, the company will produce more than 15,000 units, and in Q4, the company will finish the year with enough units to total 42,400. Fisker has received over 63,000 bookings for the Ocean.

Ocean is available in four different trim levels: Ocean One, Extreme, Ultra, and Sport. The limited edition Ocean One is already sold out. The top-tier Extreme trim boasts a dual-motor, all-wheel-drive powertrain, three driving modes, Smart Traction, and numerous innovative safety features, including the world’s first digital radar. It also features a Revolve 17.1″ rotating screen, a SolarSky roof, and California Mode. With a range of up to 350 miles1 on a single charge, the Ocean Extreme is priced at $68,9992 in the US.

Recently, Fisker partnered with ChargePoint Holdings to provide charging solutions to its EV owners in North America. The collaboration will give Fisker owners access to over 210,000 active ports under management, including over 16,700 DC fast charge ports and over 400,000 roaming ports.

Click here and follow us on Google News for regular EV updates.

Spread the love

Leave a Comment

Your email address will not be published. Required fields are marked *