Fisker (FSR) Misses Q3 EPS by 2c
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Fisker Inc. Announces Third Quarter 2021 Financial Results
November 3, 2021 4:10 PM EDTQ3 2021 operating results consistent with expectations and full-year total spending guidance unchanged. Successful Green Convertible Bond offering in August bolstered cash balance to $1.40 billion as of September 30, 2021 compared to $962 million as of June 30, 2021. Secured long-term commitment for over 5 GWhs of initial annual battery supply from global leader CATL with mechanisms in place to expand over time. Dual pack / chemistry strategy enables Fisker to optimize performance, application, cost, and market position across the Fisker Ocean lineup. Test and validation phase progressing well, with prototype body shop production now... More
