Rivian Q3 Earnings Highlights: Revenue, EPS Miss, CEO Confident In Q4 Gross Profit, R2 Being 'Fundamental Driver' Of Growth
Rivian Q3 Earnings Highlights: Revenue, EPS Miss, CEO Confident In Q4 Gross Profit, R2 Being 'Fundamental Driver' Of Growth
The company reported a loss of 99 cents per share, missing a Street consensus loss of 92 cents per share.Electric vehicle company Rivian Automotive (NASDAQ:RIVN) reported third-quarter financial results after market close Thursday.
電動汽車公司Rivian Automotive（納斯達克：RIVN）在週四收盤後公佈了第三季度財務業績。
Here are the key highlights.
以下是要點亮點。
What Happened: Rivian announced third-quarter revenue of $874 million, which missed a Street consensus estimate of $1.00 billion, according to data from Benzinga Pro.
事件經過：Rivian宣佈第三季度營收爲87400萬美元，低於彭博專業版數據顯示的10億美元的街頭共識預期。
The company reported a loss of 99 cents per share, missing a Street consensus loss of 92 cents per share.
公司報告每股虧損99美分，低於每股92美分的街頭共識預期。
Operating expenses in the third quarter were $777 million, down from $963 million in the third quarter of the prior year.
第三季度營業費用爲77700萬美元，低於前一年同期的96300萬美元。
Rivian had production of 13,157 vehicles in the third quarter and deliveries of 10,018 vehicles in the quarter.
Rivian在第三季度生產了13,157輛車輛，交付了10,018輛車輛。
"This quarter we have made progress against our key objectives and have seen meaningful progress on our Gen 2 R1 cost structure due to the new technologies incorporated into the vehicle and manufacturing process," Rivian CEO RJ Scaringe said.
「本季度我們在關鍵目標方面取得了進展，並且由於引入了新技術到車輛和製造過程中，我們在Gen 2 R1成本結構方面取得了實質性進展，」 Rivian首席執行官RJ Scaringe表示。
The company announced a strategic supply agreement with LG Energy Solutions Thursday. The supply agreement will help power the company's next-generation midsize electric vehicle platform.
公司週四宣佈與LG Energy Solutions達成戰略供應協議。供應協議將有助於爲公司的下一代中型電動汽車平台提供動力。
Rivian ended the third quarter with $6.74 billion in cash and cash equivalents, which includes $1 billion of an unsecured convertible note issued to Volkswagen International America, related to the joint venture with Volkswagen (OTC:VWAGY). The note will automatically convert into shares of Rivian Class A stock on Dec. 1, 2024.
Rivian第三季度末的現金及現金等價物爲67.4億美元，其中包括向Volkswagen International America發行的10億美元無擔保可轉換票據，與Volkswagen（場外交易：VWAGY）的合資企業有關。該票據將於2024年12月1日自動轉換爲Rivian Class A股股票。
Read Also: Rivian Q3 Earnings Preview: Analyst Worries About Demand, Will Company Comment On 2024 Election Impact?
閱讀更多：Rivian第三季度收益預覽：分析師擔心需求，公司會否談及2024年選舉對其影響？
What's Next: Rivian said it expects to reach positive gross profit in the fourth quarter with higher revenue per unit and improved fixed costs per unit.
接下來是什麼：Rivian表示預計第四季度毛利潤將爲正值，單位收入將提高，單位固定成本也會有所改善。
The company said it is making progress on the R2 vehicle.
該公司表示正在推進R2車型的進展。
Rivian reaffirmed its 2024 production guidance of a range of 47,000 to 49,000 and a delivery outlook of 50,5000 to 52,000 vehicles for the full year.
Rivian重申其2024年產量指引爲47,000至49,000輛，全年交付預期爲50,5000至52,000輛車輛。
EBITDA guidance ranged from a loss of $2.825 billion to $2.875 billion.
EBITDA指引範圍從虧損28.25億美元至虧損28.75億美元。
"We are excited about the future and our midsize SUV, R2, which we believe will be a fundamental driver of Rivian's growth. We're also looking forward to closing our proposed joint venture with Volkswagen Group, which is expected in the fourth quarter," Scaringe said.
「我們對未來和我們的中型SUV R2感到興奮，我們相信R2將成爲Rivian增長的基本驅動力。我們也期待完成與大衆集團的擬議合資企業，預計將在第四季度完成，」 Scaringe說。
RIVN Price Action: Rivian stock is up 3.2% to $10.38 in after-hours trading Thursday, versus a 52-week trading range of $8.26 to $24.61.
RIVN價格走勢：Rivian股票在週四盤後交易中上漲3.2%，報10.38美元，與52周交易區間8.26美元至24.61美元相比。
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Photo: rblfmr/Shutterstock.com
圖片：rblfmr/shutterstock.com
譯文內容由第三人軟體翻譯。
