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Income Statement (USD)
Q4 '23 | QoQ | |
---|---|---|
Revenue | 21M | 3629.6% |
Gross Profit | -20M | 26% |
Cost of Revenue | 40M | 11.6% |
Operating expense | 48M | 5.3% |
Net Income | -84M | 7.4% |
Balance Sheet (USD)
Q4 '23 | QoQ | |
---|---|---|
Total Assets | 531M | 8.5% |
Total Liabilities | 302M | 4.9% |
Total Equity | 228M | 12.8% |
Shares Outstanding | 43M | 31.1% |
Cash Flow (USD)
Q4 '23 | QoQ | |
---|---|---|
Cash from operations | -38M | 52.5% |
Cash from investing | -20M | 235% |
Cash from financing | 54M | 3.3% |
EPS
Financial Highlights for Faraday Future in Q4 '23
Faraday Future reported a revenue of 21M, which is a 3629.6% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at -20M, marking a -26% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 40M, a -11.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 48M, showing a -5.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -84M, showing a -7.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
Faraday Future faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income.