Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive focuses on sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Group 2 - Proactive has a strong emphasis on technology adoption to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Core Insights - Rivian Automotive reported record revenues for Q4 2024, driven by increased sales of regulatory credits, growth in software and services, and higher average prices for the R1 models [1][2] - The company achieved a gross profit of $170 million for the first time, a significant improvement from a gross loss of $660 million in Q4 2023, attributed to cost-cutting measures and improved efficiency [2] - Rivian's delivery forecast for 2025 is lower than 2024, with expectations of delivering 46,000 to 51,000 vehicles due to potential external challenges [3] Financial Performance - Revenues reached a record high, with a narrower loss per share compared to estimates and the previous year [1] - Gross profit of $170 million in Q4 2024, compared to a gross loss of $660 million in Q4 2023 [2] - Adjusted EBITDA loss improved to $277 million in Q4 2024 from $1 billion in Q4 2023, with full-year EBITDA losses narrowing by 29% to $2.7 billion [7] Strategic Developments - Rivian finalized a joint venture deal with Volkswagen worth up to $5.8 billion, expected to provide $3.5 billion in funding for future developments [5] - The upcoming R2 model, aimed at budget-conscious buyers, is set to debut in the first half of 2026, with significant cost reductions anticipated [6][8] Operational Efficiency - The company has focused on reducing costs, achieving a $31,000 reduction in cost per vehicle compared to the same quarter last year [2] - Material costs for the second-generation R1 models are expected to decrease by approximately 20%, enhancing profitability [8] Challenges and Risks - Rivian faces potential external challenges, including changes in government policies that could impact EV demand [3][11] - Political uncertainty and competition in the EV sector are significant concerns for Rivian's growth [11] - Cash reserves decreased from $7.9 billion at the end of 2023 to $5.3 billion at the end of 2024, raising concerns about cash burn [13] Market Outlook - Rivian's stock currently has a Zacks Rank of 3, with an average brokerage recommendation of 2.35, indicating a mix of "Hold" and "Strong Buy" ratings [15] - The average price target of $14.96 suggests a potential upside of 10% from current levels [15]

Core Viewpoint - Rivian Automotive reported a narrower loss in Q4 2024 compared to previous estimates and the same period last year, with significant revenue growth driven by various factors including regulatory credits and software services [1]. Financial Performance - The company reported a Q4 2024 loss of 52 cents per share, better than the Zacks Consensus Estimate of a loss of 66 cents and an improvement from a loss of $1.36 in the prior year [1]. - Revenues reached $1.73 billion, exceeding the Zacks Consensus Estimate of $1.43 billion, marking a year-over-year increase of 31.9% [1]. - Total gross profit was $170 million, a significant recovery from a gross loss of $606 million in the prior-year quarter, resulting in a gross margin of 10% [4]. - Adjusted operating expenses decreased to $620 million from $706 million year-over-year, while adjusted loss before interest, taxes, depreciation, and amortization improved to $277 million from a $1 billion loss in Q4 2023 [4]. Production and Delivery - Rivian produced 12,727 units in Q4 2024, down from 17,541 units in the same quarter last year, but delivered 14,183 units, an increase from 13,972 units year-over-year [3]. Segment Performance - The Automotive segment generated revenues of $1.52 billion, up 31.9% year-over-year, with a gross profit of $110 million compared to a gross loss of $611 million in the prior-year quarter [6]. - The Software and Services segment saw revenues of $214 million, doubling year-over-year, with a gross profit of $60 million compared to $5 million in the same quarter of 2023 [7]. Cash Flow and Financial Position - Net cash from operating activities was $1.18 billion, a turnaround from a negative $1.11 billion in the same period of 2023 [5]. - As of December 31, 2024, Rivian had $5.29 billion in cash and cash equivalents, down from $7.86 billion a year earlier, with long-term debt slightly increasing to $4.44 billion [8]. Future Guidance - For 2025, Rivian expects to deliver between 46,000 to 51,000 vehicles, with adjusted EBITDA anticipated to remain negative in the range of $1.7 billion to $1.9 billion, and capital expenditures projected between $1.6 billion and $1.7 billion [9].

Rivian Automotive, Inc. (NASDAQ:RIVN) Q4 2024 Earnings Conference Call February 20, 2025 5:00 PM ET Company Participants Tim Bei - VP, IR RJ Scaringe - Founder and CEO Claire McDonough - CFO Javier Varela - Chief Operations Officer Conference Call Participants Dan Levy - Barclays Adam Jonas - Morgan Stanley Mark Delaney - Goldman Sachs George Gianarikas - Canaccord Genuity Shreyas Patil - Wolfe Research Operator Good day. Thank you for standing by. Welcome to Rivian's Fourth Quarter and Full Year 2024 Earni ...

Rivian Automotive (RIVN) came out with a quarterly loss of $0.52 per share versus the Zacks Consensus Estimate of a loss of $0.66. This compares to loss of $1.36 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 21.21%. A quarter ago, it was expected that this a manufacturer of motor vehicles and passenger cars would post a loss of $0.89 per share when it actually produced a loss of $1.03, delivering a surprise of -15.73%.Over t ...

Rivian said Thursday it plans to launch a hands-off version of its driver assistance system for highway driving “in a few weeks,” and said an “eyes-off” version in 2026.The hands-off system will let Rivian compete with companies like Ford and General Motors, which have both launched similar systems in the past few years. (Ford has named its system BlueCruise, while GM has SuperCruise.) Tesla’s Full Self-Driving (supervised) system, which is not fully autonomous despite its name, requires users to keep their ...

Rivian’s cost–cutting measures have gotten it a lot closer to profitability, but the company is warning that 2025 could still be a challenging year – especially because of the whorl of uncertainty caused by the new Trump Administration.The company announced Thursday its fourth quarter and full-year 2024 financial results, and along with it, shared plans to deliver between 46,000 and 51,000 EVs across 2025. Rivian cautioned that “changes to government policies and regulations, and a challenging demand enviro ...

Rivian Automotive beat Wall Street's fourth-quarter earnings expectations and achieved its first gross quarterly profit – a target closely watched by investors – but is forecasting lower sales in 2025.The electric vehicle maker reported a gross profit, which includes production and sales but does not factor in other expenses, of $170 million during the final quarter of last year and plans to achieve another "modest gross profit" in 2025. The company has not said when it expects to be profitable on a bottom- ...

Q4 2024 Shareholder Letter © 2025 Rivian. All rights reserved. 2 The significant progress made against our core value drivers in 2024 will be foundational to Rivian's long term success. Throughout the year, the team was laser focused on driving improvement in cost and operational efficiencies, technology leadership, and customer experience. Thank you to our employees, customers, suppliers, partners, communities, and shareholders who made our 2024 accomplishments possible and for their continued support for ...

The electric vehicle (EV) industry is currently at crossroads. Though e-mobility is the future, President Trump’s unfriendly stance on EVs, along with slower-than-expected adoption due to high pricing, presents challenges. In this scenario, let’s see how California-based EV startups Rivian Automotive (RIVN) and Lucid Group (LCID) are placed now.  With RIVN reporting fourth-quarter 2024 results today and LCID next Tuesday, are either of these stocks worth buying ahead of their releases?Find the latest EPS es ...