The electric car maker Rivian has presented his balance sheet for the fourth business quarter.
In the last quarter of the 2024 financial year, Rivian Automotive once again achieved losses. The minus per share was $ 0.70 and therefore lower than in the same period last year, when the EPS was still at -1.580 US dollars. This made the Tesla competitor worse than expected: the analyst estimates for the loss per share had previously amounted to $ 0.680.
The revenues could meanwhile increased: after $ 1.32 billion a year ago and analyst estimates of $ 1.40 billion, the company implemented $ 1.73 billion in the reporting quarter.
While the gross profit and sales figures failed positively, the electric car builder disappointed with his forecast: Rivian now expects to deliver 46,000 to 51,000 vehicles in 2025. The average of this range is lower than the average market expectations that had risen on 55,000 vehicles. In addition, after deliveries of around 52,000 vehicles, this would correspond to a decline in 2024.
The Rivian share is nevertheless in the NASDAQ 1.69 percent higher at $ 13,84
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