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00:02Lucid reported fourth quarter revenue of $522.73 million,
00:08topping analyst estimates of $469.2 million, with total revenue rising 123% year-over-year.
00:16The electric vehicle maker reported an adjusted loss of $3.08 per share for the quarter,
00:22wider than estimates for a $2.64 per share loss.
00:26The company produced 8,412 vehicles, up 116% year-over-year,
00:32and delivered 5,345 vehicles in the quarter.
00:36For the full year, Lucid produced 18,378 vehicles and delivered 15,841 vehicles.
00:45Lucid ended the quarter with approximately $4.6 billion in total liquidity
00:49and said it is targeting production of 25,000 to 27,000 vehicles in 2026.
00:56Shares fell 5.18% in after hours, trading to $9.41, according to Benzinga Pro.
01:03For all things money, visit Benzinga.com.
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