FSR - Fisker Stock Is Tumbling Tuesday: What's Going On? | Benzinga
Fisker Inc (NYSE: FSR) shares are trading lower Tuesday after the company reported third-quarter financial results and cut its production forecast. Here's a rundown of the report.
What Happened: Fisker reported third-quarter revenue of $71.8 million, versus the consensus estimate of $109.029 million, according to Benzinga Pro.
The EV maker reported a quarterly loss of 27 cents per share, which improved from a loss of 45 cents per share in the prior year's quarter.
Gross margin in the third quarter was negative 17% on a GAAP basis and 9% on an adjusted basis.
Net cash used in operating activities was $308.2 million in ...