PTRA - Proterra GAAP EPS of -$0.38 misses by $0.18 revenue of $74.56M beats by $2.25M
- Proterra press release ( NASDAQ: PTRA ): Q2 GAAP EPS of -$0.38 misses by $0.18 .
- Revenue of $74.56M (+27.5% Y/Y) beats by $2.25M .
- Outlook: With the first half of 2022 behind us, we reaffirm our guidance for total revenue to grow between 24% and 34% year-over-year to a range of $300 million to $325 million in FY2022.
- In addition, our new factory in Greer, South Carolina is on target for start of production before the end of 2022.
- With $523 million of cash, cash equivalents, and short-term investments as of the end of Q2 2022, our new Greer factory adding multiple GWh of new battery manufacturing capacity.
- Shares -2.15% .
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Proterra GAAP EPS of -$0.38 misses by $0.18, revenue of $74.56M beats by $2.25M