BRIEF-Lucid CFO Says Suspending Prior Guidance

Lucid

Lucid

LCID

0.00

May 5 (Reuters) - Lucid Group Inc LCID.O:

  • LUCID EXEC SAYS EXPECT DELIVERY TRAJECTORY TO IMPROVE THROUGH THE YEAR

  • LUCID EXEC SAYS HIGH GAS PRICES COULD LIFT DELIVERIES

  • LUCID CFO SAYS EXPECT TO SEE BENEFITS TO CASH FLOW DRIVEN BY IMPROVEMENTS TO WORKING CAPITAL

  • LUCID CFO SAYS TOOK OVER $200 MILLION IN INVENTORY IMPAIRMENTS IN Q1

  • LUCID CFO SAYS SUSPENDING PRIOR GUIDANCE

  • LUCID CFO SAYS NEAR TERM DEMAND CONDITIONS REMAIN UNEVEN

  • LUCID CFO SAYS LAUNCHED A COMPANY WIDE PROGRAM TO SHARPEN OPERATIONAL EFFICIENCY, REDUCE COSTS

  • LUCID EXEC SAYS HAD A FEW DELAYS WITH ARRIVAL OF EQUIPMENT IN SAUDI FACTORY DUE TO GEOPOLITICAL CONFLICT, BUT TEAM WAS ABLE TO MITIGATE THAT

Further company coverage: LCID.O


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.