Aptera Motors Corp(US:SEV)2026-03-30 21:31Financial Performance - Aptera reported a Q4 2025 GAAP net loss of $15.5 million, compared to a net loss of $8.9 million in Q4 2024, representing a 74.8% increase in losses year-over-year[3] - The full year 2025 GAAP net loss was $43.9 million, up from $34.9 million in 2024, indicating a 25.0% increase in annual losses[3] - Adjusted net loss for Q4 2025 was $8.7 million (Non-GAAP), compared to $5.3 million in Q4 2024, reflecting a 64.2% increase[3] - For the full year 2025, the adjusted net loss was $18.5 million (Non-GAAP), down from $20.1 million in 2024, showing a 7.9% improvement[3] Operating Expenses - Operating expenses for Q4 2025 were $15.1 million, significantly higher than $10.0 million in Q4 2024, marking a 50.8% increase[3] Cash Position - As of December 31, 2025, Aptera had $9.6 million in cash and cash equivalents, a decrease from $13.2 million at the end of 2024[3] Fundraising and Capital - In Q1 2026, Aptera raised approximately $17.1 million in gross proceeds, including $9.0 million from a public offering and $8.1 million from warrant exercises[5] Operational Developments - The company received Foreign-Trade Zone designation for its Carlsbad assembly facility in February 2026, which may enhance operational efficiency[5] - Aptera is focused on completing durability testing and ramping up to low-volume production, with plans to secure long-lead components using the newly raised capital[2] Other Income - The company recognized $4.2 million in other income for the full year 2025, primarily from a California Energy Commission grant[7]