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Faraday Future Intelligent Electric (FFIE)
NASDAQ:FFIE
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Earnings Data
Report Date
May 09, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -36.26%
|Next Earnings Date:May 09, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant progress in cost reduction and strategic initiatives such as the launch of the FX brand and expansion in the Middle East. However, these are tempered by concerns over low cash reserves, limited vehicle deliveries, and ongoing financial losses.Company Guidance
During the third quarter of 2024, Faraday Future Intelligent Electric Inc. (FFIE) reported significant advancements in its operational and financial strategies, as discussed in their earnings call. The company achieved a substantial 92.6% reduction in operating expenses, bringing them down to $3.8 million from $50.9 million in the previous year's quarter, aided by a nonrecurring gain of $14.9 million. New financing commitments totaling $30 million were secured from investors across the Middle East, United States, and Asia, including $22.5 million in new investments. Additionally, FFIE delivered two FF 91 2.0 vehicles, increasing total deliveries to 14 and made strides in manufacturing improvements, reducing interior costs by half. The introduction of the FX brand aims to target mass market segments with models priced between $20,000 and $50,000, marking a strategic shift toward a dual brand strategy. The company also regained full Nasdaq compliance and restructured convertible notes to reduce future cash obligations, while maintaining total assets of $449 million and ending the quarter with $7.3 million in cash.Significant Cost Reduction
Operating expenses declined 92.6% to $3.8 million from $50.9 million in the prior year's quarter, primarily due to cost control initiatives and a nonrecurring gain of $14.9 million.
Nasdaq Compliance and Financial Restructuring
Regained full Nasdaq listing requirements compliance, completed a reverse stock split, and increased authorized share count. Successfully restructured certain convertible notes to reduce future cash obligations.
Introduction of FX Brand
Launched the FX brand targeting mass market segments with planned models FX 5 and FX 6, priced between $20,000 to $50,000. Entered preliminary agreements with 4 OEMs to leverage technologies and synergies.
Middle East Expansion
Announced a co-investment agreement with Master Investment Group to establish a regional headquarters in Ras Al Khaimah, marking progress in the Middle East as part of the third polar strategy.
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Faraday Future Intelligent Electric (FFIE) Earnings, Revenues Date & History
FFIE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FFIE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $1.82 | $1.79 | -1.65% |
| Aug 14, 2024 | $6.72 | $5.07 | -24.55% |
| May 28, 2024 | $46.80 | $17.77 | -62.03% |
| May 20, 2024 | $41.20 | $72.00 | +74.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Faraday Future Intelligent Electric (FFIE) report earnings?
Faraday Future Intelligent Electric (FFIE) is schdueled to report earning on May 09, 2025, TBA Not Confirmed.
What is Faraday Future Intelligent Electric (FFIE) earnings time?
Faraday Future Intelligent Electric (FFIE) earnings time is at May 09, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FFIE EPS forecast?
Currently, no data Available
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