Lucid (US:LCID) Yahoo Financeยท2025-11-06 16:07Core Insights - Lucid reported Q3 revenue of $336.6 million, missing the Bloomberg consensus estimate of $367.54 million, but showing a 68% increase year-over-year [1] - The company experienced a wider-than-expected adjusted loss per share of $2.65, compared to the anticipated loss of $2.05, leading to an adjusted EBITDA loss of $717.7 million [2] - Free cash flow burn increased to $955.5 million in the quarter, up from $622.5 million a year ago, prompting Saudi Arabia's Public Investment Fund to increase its loan facility to $2 billion [3] Production and Deliveries - Lucid delivered 4,078 vehicles in Q3, a 47% increase year-over-year, and produced 3,891 vehicles, marking a 116% increase compared to Q3 2024 [4] - Cumulatively, through Q3, the company produced 9,966 vehicles and delivered 10,496 vehicles, with a waitlist reported for the new Gravity SUV priced at $80,000 [5] - The production guidance was updated to around 18,000 vehicles for 2025, down from a previous range of 18,000 to 20,000 vehicles [6] Strategic Developments - The company is focused on cost management and has a solid liquidity position, bolstered by additional funding from the Public Investment Fund [4] - Significant progress has been made in ramping up production of the Lucid Gravity, with plans to add a second shift at the Arizona production facility [7] - New operational leadership changes were announced to accelerate production of the Gravity and prepare for the upcoming midsize vehicle platform, still on track for a late 2026 release [8]