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Nikola(NKLA) - 2024 Q1 - Earnings Call Presentation
2024-05-07 18:19
Q 1 2 0 2 4 K E Y M E S S A G E S FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of the federal securities laws with respect to Nikola Corporation (the "Company"), including statements relating to: the Company's future financial outlook and future business performance, business plan, focus, strategy and mission; expected timing of completion of production, deliveries and other milestones; expectations regarding the Company's hydrogen refueling solutions; ...
Nikola(NKLA) - 2024 Q1 - Earnings Call Transcript
2024-05-07 18:19
Nikola Corporation. (NASDAQ:NKLA) Q1 2024 Earnings Conference Call May 7, 2024 10:30 AM ET Company Participants Steve Girsky - President, CEO Thomas Okray - CFO Conference Call Participants Mike Shlisky - D. A. Davidson Greg Lewis - BTIG Winnie Dong - Deutsche Bank Jeffrey Kaufman - Vertical Research Partners Jeffrey Osborne - TD Cowen Scott Group - Wolfe Research Operator Good morning. Welcome to Nikola Corporation’s First Quarter 2024 Earnings and Business Update Call. Currently, all participants are in l ...
Nikola(NKLA) - 2024 Q1 - Quarterly Report
2024-05-07 15:32
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR (Registrant's telephone number, including area code) ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38495 Nikola Corporation (Exact Name of Registrant as Specified in Its Charter) Delaw ...
Revenue Woes Drag Down Nikola (NKLA) Stock
InvestorPlace· 2024-05-07 15:10
Nikola (NASDAQ:NKLA) stock is falling hard on Tuesday after the electric vehicle (EV) company reported revenue that was nowhere close to Wall Street’s estimates.Nikola’s Q1 earnings report includes revenue of $7.5 million. That’s a far cry from the $15.79 million in revenue that Wall Street was hoping for during the quarter. It’s also a drop from the $10.68 million reported in the same period of the year prior.It’s worth noting that this drags down NKLA stock today despite the company’s adjusted EPS of -9 c ...
Nikola (NKLA) Reports Q1 Loss, Misses Revenue Estimates
Zacks Investment Research· 2024-05-07 13:11
Nikola (NKLA) came out with a quarterly loss of $0.09 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.26 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this pioneer in zero-emission trucks would post a loss of $0.16 per share when it actually produced a loss of $0.11, delivering a surprise of 31.25%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Nikola, which belongs to th ...
Nikola(NKLA) - 2024 Q1 - Quarterly Results
2024-05-07 11:08
Nikola Corporation Reports First Quarter 2024 Results PHOENIX – May 7, 2024 -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today reported financial results and business updates for the quarter ended March 31, 2024. "We continue to move forward rapidly and execute our plans. And please keep that in mind – we are in the execution phase, not the planning or concepting phase," said Steve Girsky, President ...
Nikola (NKLA) to Report Q1 Earnings: Here's What to Expect
Zacks Investment Research· 2024-05-02 18:01
Nikola Corporation (NKLA) is slated to release first-quarter 2024 results on May 7, before market open. The Zacks Consensus Estimate for the to-be-reported quarter’s loss per share and revenues is pegged at 9 cents and $15.05 million, respectively.For the first quarter, the consensus estimate for NKLA’s loss per share has remained unchanged in the past 60 days. Its bottom-line estimates imply growth of 65.38% from the year-ago reported number.The Zacks Consensus Estimate for its quarterly revenues suggests ...
NIKOLA CHAIRMAN ADDRESSES STOCKHOLDER QUESTIONS ON REVERSE SPLIT PROPOSAL IN DEFINITIVE PROXY STATEMENT
Prnewswire· 2024-04-30 12:05
Continued focus on regaining Nasdaq compliance and resetting operational and financial foundations to achieve the next level of financial stability while advancing business initiativesPHOENIX, April 30, 2024 /PRNewswire/ -- In a recent social media post, Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, invited NKLA stockholders to submit questions related to the Proxy Statement filed earlier in the month. ...
Why Nikola (NKLA) Outpaced the Stock Market Today
Zacks Investment Research· 2024-04-29 22:56
The most recent trading session ended with Nikola (NKLA) standing at $0.65, reflecting a +1.51% shift from the previouse trading day's closing. The stock's performance was ahead of the S&P 500's daily gain of 0.32%. Elsewhere, the Dow saw an upswing of 0.38%, while the tech-heavy Nasdaq appreciated by 0.35%.Shares of the pioneer in zero-emission trucks have depreciated by 38.14% over the course of the past month, underperforming the Auto-Tires-Trucks sector's loss of 7.23% and the S&P 500's loss of 2%.The i ...
Is Most-Watched Stock Nikola Corporation (NKLA) Worth Betting on Now?
Zacks Investment Research· 2024-04-26 14:00
Nikola (NKLA) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this pioneer in zero-emission trucks have returned -42.3% over the past month versus the Zacks S&P 500 composite's -3.2% change. The Zacks Automotive - Domestic industry, to which Nikola belongs, has lost 2.1% over this period. Now the key question is: Where could the stock be headed in the near term?Althoug ...