Lucid (US:LCID) Prnewswireยท2025-02-25 21:05Financial Performance - Lucid Group produced 3,386 vehicles in Q4 2024 and delivered 3,099 vehicles during the same period, with total production for the year at 9,029 vehicles and deliveries at 10,241 vehicles, marking a 79% increase in Q4 deliveries and a 71% increase in annual deliveries compared to 2023 [2][8] - The company reported Q4 revenue of $234.5 million and annual revenue of $807.8 million, with total liquidity at approximately $6.13 billion at the end of the quarter [3][8] - The GAAP net loss per share was $(0.22) for Q4 and $(1.25) for the full year 2024, while the non-GAAP net loss per share was $(0.22) for Q4 and $(1.04) for the full year 2024 [8] Production Guidance - Lucid announced its 2025 annual production guidance of approximately 20,000 vehicles, indicating a significant ramp-up in production compared to 2024 [2][8] Leadership Transition - Peter Rawlinson stepped down as CEO and will serve as Strategic Technical Advisor to the Chairman of the Board, while Marc Winterhoff, previously COO, has been appointed as Interim CEO [4][8] Operational Highlights - The company experienced significant momentum in 2024 with four consecutive quarters of record deliveries and made substantial progress in improving gross margins and managing operating expenses [4][8]