Rivian Automotive (NASDAQ:RIVN) Q4 2022 Loss Narrows as Revenue Rises.
adjusted Q4 loss to $1.73 per diluted share from a loss of $2.43 a year earlier as the shares outstanding were 923 million, Analysts polled by Capital IQ forecast a per-share normalized loss of $1.95.
Revenue for the quarter ended Dec. 31 was $663 million, Analysts surveyed by Capital IQ projected $729.5 million.
The electric vehicle company said it expects to produce 50,000 units in fiscal 2023 and report an adjusted Ebitda loss of $4.3 billion.