In Q1 and Q4 of fiscal year 2021, the revenue was $54 million, and the net loss expanded year-on-year From Rivian earnings

The following is the In Q1 and Q4 of fiscal year 2021, the revenue was $54 million, and the net loss expanded year-on-year From Rivian earnings recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report, New energy vehicle industry, Automobile industry.

Rivian, an electric vehicle start-up, announced its first quarter and full year financial results of fiscal year 2021. The report shows that rivian’s total revenue in the fourth quarter was $54 million; The net loss was US $2.461 billion, compared with us $353 million in the same period last year, an increase year-on-year.

Rivian’s fourth quarter revenue failed to meet the previous expectations of Wall Street analysts, and its performance in loss per share was also lower than analysts’ expectations, resulting in a sharp decline in its after hours share price of more than 13%.

Summary of fourth quarter results:

Rivian’s total revenue for the quarter ended December 31, 2021 was $54 million, driven by the delivery of 909 vehicles, which fell short of analysts’ expectations. According to the data provided by Yahoo Finance Channel, 10 analysts had expected rivian’s fourth quarter revenue to reach $60.03 million on average.

Rivian had a net loss of $2.461 billion in the fourth quarter, compared with a net loss of $353 million in the same period last year, which expanded year-on-year, mainly due to the expansion of operating losses. Excluding certain one-time items (not in accordance with U.S. GAAP), rivian’s adjusted net loss attributable to common shareholders in the fourth quarter was $1.242 billion, compared with $355 million in the same period last year.

Rivian’s basic loss per share and diluted loss per share attributable to common shareholders in the fourth quarter were $4.83, compared with $3.50 per share in the same period last year. Excluding some one-time items (not in accordance with U.S. GAAP), rivian’s basic loss per share and diluted loss per share attributable to common shareholders in the fourth quarter were $2.43, compared with $3.51 in the same period last year, which was lower than analysts’ expectations. According to the data provided by Yahoo Finance Channel, 13 analysts had expected rivian’s adjusted loss per share of $1.97 in the fourth quarter on average.

Rivian’s gross loss in the fourth quarter was $383 million. Rivian’s total operating expenses in the fourth quarter were $2071 million, compared with $353 million in the same period last year. Among them, R & D expenditure was 726 million US dollars, compared with 255 million US dollars in the same period of last year; Sales, general and administrative expenses were US $682 million, compared with us $98 million in the same period last year; Other expenditure was $663 million, compared with zero in the same period last year.

Rivian’s fourth quarter operating loss was $2454 million, compared with $353 million in the same period last year.

Rivian’s fourth quarter adjusted EBITDA (i.e. net profit excluding interest, tax, depreciation and amortization) was $1.108 billion, compared with $341 million in the same period last year.

Rivian’s net cash used in business operations in the fourth quarter was $1086 million, compared with $268 million in the same period last year, as the company continued to improve its R & D capacity, expand its business scale and start producing and selling the first batch of products of the normal plant.

Rivian’s capital expenditure in the fourth quarter was $455 million, an increase over the same period last year, mainly due to the company’s continued strategic infrastructure investment.

Rivian’s free cash flow in the fourth quarter was $1.541 billion, compared with $574 million in the same period last year. Rivian defines free cash flow as net cash used in business operations minus capital expenditure.

As of December 31, 2021, rivian had cash and cash equivalents and restricted cash balances of $18.423 billion.

Summary of annual performance:

Throughout fiscal year 2021, rivian’s revenue was $55 million, which failed to meet analysts’ expectations. According to the data provided by Yahoo Finance Channel, 14 analysts had expected rivian’s annual revenue to reach $60.74 million on average.

Rivian’s net loss for the year was $1.88 billion, up from $1.88 billion in the previous fiscal year. Excluding certain one-time items (not in accordance with U.S. GAAP), rivian’s adjusted net loss attributable to common shareholders for the whole year was $3013 million, compared with $1020 million in the previous fiscal year.

Rivian’s annual basic loss per share and diluted loss per share attributable to common shareholders were $22.98, compared with $10.09 in the previous fiscal year. Excluding some one-time items (not in accordance with U.S. GAAP), rivian’s basic loss per share and diluted loss per share attributable to common shareholders in the whole year were $14.78, compared with $10.10 in the same period of last year, which was lower than analysts’ expectations. According to the data provided by Yahoo Finance Channel, 14 analysts had expected rivian’s adjusted loss per share of $8.73 in the fourth quarter on average.

Rivian’s annual gross loss was $465 million. Rivian’s total annual operating expenditure was $3.755 billion, compared with $1.021 billion in the previous fiscal year. Among them, R & D expenditure was US $1.85 billion, compared with us $766 million in the previous fiscal year; Sales, general and administrative expenses were $1242 million, compared with $255 million in the previous fiscal year; Other expenditure was $663 million, compared with zero in the previous fiscal year.

Rivian’s full year operating loss was $4.22 billion, compared with $1.021 billion in the previous fiscal year.

Rivian’s full year adjusted EBITDA (i.e. net profit excluding interest, tax, depreciation and amortization) was $2.790 billion, compared with $992 million in the previous fiscal year.

Rivian’s net cash used in business operations for the whole year was US $2622 million, compared with us $848 million in the previous fiscal year.

Rivian’s annual capital expenditure was $1.794 billion. Rivian’s full year free cash flow was -4.416 billion, compared with -1.762 billion in the previous fiscal year.

Changes in share price:

Rivian shares fell $2.79 to close at $41.16 in regular NASDAQ trading on the same day. In the subsequent after hours trading as of 4:57 p.m. Eastern time on Thursday (5:57 a.m. Beijing time on Friday), rivian’s share price fell sharply again by $5.47, or 13.29%, to $35.69. Over the past 52 weeks, rivian’s highest price was $179.47 and its lowest price was $39.77.

More reading: rivian financial report: Q3 rivian’s net loss in 2021 was $1.233 billion, expanding year-on-year. Zhitong finance and Economics: US electric vehicle stocks collectively callback, Tesla’s share price rose nearly 10% against the trend. Soros: Q4 Soros invested 10 billion in Tesla’s “mysterious enemy” rivian in 2021. Rivian, super Volkswagen BYD ranked third in the world, and rivian selected Amazon cloud technology as the preferred cloud provider, Create a new experience of high-efficiency and high-performance electric vehicles Wei Lai: 4q19 earnings conference call analysis of why sales increased but losses were more serious ideal earnings report: the ideal revenue in 2021 was 27.01 billion yuan, with a year-on-year increase of 185.6%; Xiaopeng automobile: the revenue in 2020 exceeded 5.8 billion yuan, and the annual gross profit became positive for the first time; Tesla sold 33463 vehicles in May, with a year-on-year increase of 202%; Wei Lai: 4q19 earnings conference call record Li Bin Xiaopeng automobile: 1q21 revenue 2.95 billion yuan, up 616% year-on-year; Weilai automobile: 17353 new cars delivered in 4q20, up 112% year-on-year; Weilai: monthly quarterly delivery in September 2020 hit a record; Tesla: 2q20 revenue decreased by 5% year-on-year to US $6.036 billion; Weilai: 2q20 revenue 3.72 billion yuan, up 146.5% year-on-year

If you want to get the full report, you can contact us by leaving us the comment. If you think the information here might be helpful to others, please actively share it. If you want others to see your attitude towards this report, please actively comment and discuss it. Please stay tuned to us, we will keep updating as much as possible to record future development trends.

RecordTrend.com is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.