Troubled EV Maker Faraday Future Reveals Blueprint To Tackle Cash Crisis: 'Master Plan' Coming On Investor Day
Troubled EV Maker Faraday Future Reveals Blueprint To Tackle Cash Crisis: 'Master Plan' Coming On Investor Day
Cash-strapped electric vehicle startup Faraday Future Intelligent Electric Inc (NASDAQ:FFIE) unveiled a "master plan" on Monday aimed at achieving financial stability without an overreliance on external funding.
資金短缺的電動汽車初創公司 法拉第未來智能電氣公司 納斯達克股票代碼：FFIE）週一公佈了一項 “總體規劃”，旨在在不過度依賴外部資金的情況下實現金融穩定。
What Happened: This plan primarily focuses on cost reduction by cutting non-essential expenses not linked to the production of the FF 91 2.0 Futurist Alliance SUV.
發生了什麼： 該計劃主要側重於通過削減與之無關的非必要支出來降低成本的製作 FF 91 2.0 未來主義者聯盟 越野車。
The company also intends to lower production costs by in-house sourcing capital-intensive systems, eliminating commitments to new convertible notes with structures similar to existing convertible notes.
該公司還打算通過內部採購資本密集型系統來降低生產成本，取消對結構與現有可轉換票據相似的新可轉換票據的承諾。
Faraday Future expects that implementing this "master plan" will lead to positive cash flow and profitability. More comprehensive details will be disclosed during the company's upcoming Investor Day.
法拉第未來預計，實施這個 “總體規劃” 將帶來正現金流和盈利能力。更全面的細節將在公司即將到來的投資者日期間披露。
See Also: 6 Best EV Penny Stocks Right Now
另請參閱： 目前6只最佳電動汽車細價股
Why It Matters: In the second quarter, Faraday reported no revenue but accrued a net loss of $124.9 million. This marks an improvement compared to the $141.7 million loss reported in the same period the previous year. As of June 30, 2023, the company's cash reserves amounted to $19.4 million, including $1.5 million in restricted cash.
爲什麼重要： 在第二季度，法拉第沒有報告任何收入，但淨虧損爲1.249億美元。與去年同期公佈的1.417億美元虧損相比，這標誌着有所改善。截至2023年6月30日，該公司的現金儲備爲1,940萬美元，其中包括150萬美元的限制性現金。
In an open letter released on Sunday, Faraday's Global CEO, Matthias Aydt, and founder, YT Jia, said they felt a "profound sense of pain" over the declining value of the company's shares. They outlined various measures to counter this issue, which included exploring opportunities with potential institutional and strategic investors to secure additional capital.
在週日發佈的一封公開信中，法拉第全球首席執行官 Matthias Aydt，以及創始人， YT Jia，他們表示，他們對公司股票價值的下跌感到 “深深的痛苦感”。他們概述了應對這一問題的各種措施，包括與潛在的機構和戰略投資者探討獲得額外資本的機會。
The letter, released just a day before the "master plan" announcement, emphasized the company's reliance on available funding for its development phase.
這封信是在宣佈總體規劃的前一天發佈的，強調了該公司在開發階段對可用資金的依賴。
Faraday Future began trading on the NASDAQ in July 2021 following a Special Purpose Acquisition Company merger. Its stock has plummeted by 95.02% year-to-date, with a current market capitalization shrinking of approximately $28 million.
特殊目的收購公司合併後，法拉第期貨於2021年7月開始在納斯達克上市。今年迄今爲止，其股票已經暴跌了95.02％，目前的市值萎縮了約2,800萬美元。
Check out more of Benzinga's Future Of Mobility coverage by following this link.
通過以下方式查看更多本辛加的《出行未來》報道 點擊這個鏈接。
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繼續閱讀： 當特斯拉投資者欽佩 “可愛情侶” Rivian R1T 和 Cybertruck 時，埃隆·馬斯克笑了起來：“很明顯哪一個是那個男人”
Photo courtesy: Faraday Future
照片提供：法拉第未來
譯文內容由第三人軟體翻譯。