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Complete financial analysis of Nikola Corporation (NKLA) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Nikola Corporation, a leading company in the Agricultural – Machinery industry within the Industrials sector.
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Nikola Corporation (NKLA)
About Nikola Corporation
Nikola Corporation operates as a technology innovator and integrator that works to develop energy and transportation solutions. It operates through two business units, Truck and Energy. The Truck business unit develops and commercializes battery hydrogen-electric and battery-electric semi-trucks to the trucking sector. The Energy business unit develops and constructs a network of hydrogen fueling stations; and offers BEV charging solutions for its FCEV and BEV customers, as well as other third-party customers. The company also assembles, integrates, and commissions its vehicles in collaboration with its business partners and suppliers. Nikola Corporation is headquartered in Phoenix, Arizona.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | 35.84M | 50.83M | 95.00K | 95.00K | 482.00K | 173.00K | 486.00K |
| Cost of Revenue | 249.91M | 155.58M | 72.00K | 72.00K | 271.00K | 50.00K | 304.00K |
| Gross Profit | -214.07M | -104.76M | 23.00K | 23.00K | 211.00K | 123.00K | 182.00K |
| Gross Profit Ratio | -597.30% | -206.11% | 24.21% | 24.21% | 43.78% | 71.10% | 37.45% |
| Research & Development | 208.16M | 273.77M | 292.95M | 185.62M | 67.51M | 58.37M | 11.62M |
| General & Administrative | 196.77M | 368.15M | 398.68M | 182.02M | 910.21K | 402.30K | 0.00 |
| Selling & Marketing | 2.00M | 2.00M | 1.90M | 700.00K | 19.78M | 11.84M | 0.00 |
| SG&A | 198.77M | 370.15M | 400.58M | 182.72M | 20.69M | 12.24M | 5.85M |
| Other Expenses | 28.83M | -1.02M | 4.10M | -846.00K | 1.37M | 6.00K | 0.00 |
| Operating Expenses | 435.76M | 643.92M | 693.53M | 368.34M | 88.21M | 70.61M | 18.50M |
| Cost & Expenses | 685.67M | 799.50M | 693.53M | 368.42M | 88.48M | 70.66M | 18.80M |
| Interest Income | 0.00 | 17.74M | 481.00K | 202.00K | 1.46M | 686.00K | 814.00K |
| Interest Expense | 76.02M | 17.71M | 481.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 35.89M | 22.77M | 8.23M | 6.01M | 2.32M | 625.00K | 412.00K |
| EBITDA | -736.28M | -676.99M | -685.30M | -362.31M | -85.67M | -69.86M | -16.87M |
| EBITDA Ratio | -2,054.40% | -1,434.83% | -717,045.26% | -364,813.68% | -17,081.54% | -42,408.09% | -3,471.19% |
| Operating Income | -649.83M | -748.68M | -693.53M | -368.32M | -88.00M | -70.49M | -17.28M |
| Operating Income Ratio | -1,813.19% | -1,473.05% | -730,027.37% | -387,705.26% | -18,256.22% | -40,745.09% | -3,555.97% |
| Total Other Income/Expenses | -198.36M | -35.50M | 6.67M | -3.57M | -510.00K | 4.19M | -1.85M |
| Income Before Tax | -848.19M | -763.57M | -686.85M | -384.70M | -88.51M | -66.30M | -19.13M |
| Income Before Tax Ratio | -2,366.67% | -1,502.35% | -723,004.21% | -404,950.53% | -18,362.03% | -38,320.81% | -3,936.21% |
| Income Tax Expense | 12.00K | 6.00K | 4.00K | -1.03M | 151.00K | -2.00M | 1.57M |
| Net Income | -966.28M | -763.57M | -686.86M | -383.68M | -88.66M | -64.29M | -17.56M |
| Net Income Ratio | -2,696.17% | -1,502.36% | -723,008.42% | -403,870.53% | -18,393.36% | -37,163.58% | -3,612.35% |
| EPS | -36.31 | -52.00 | -51.90 | -35.47 | -10.13 | -8.52 | -2.33 |
| EPS Diluted | -36.23 | -51.85 | -51.67 | -34.27 | -10.13 | -8.52 | -2.33 |
| Weighted Avg Shares Out | 26.61M | 14.68M | 13.23M | 10.82M | 8.75M | 7.55M | 7.55M |
| Weighted Avg Shares Out (Dil) | 26.67M | 14.73M | 13.29M | 11.19M | 8.75M | 7.55M | 7.55M |
NKLA Stock Surges 25% on Q2 Update. Is This a Comeback for Nikola?
Nikola (NASDAQ: NKLA ) stock rose more than 25% today on reports that the electric vehicle (EV) maker had wholesaled 72 Class 8 Nikola hydrogen fuel cell trucks in its fiscal second quarter. This is above even the high end...
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Nikola (NKLA) Stock Surges 10% on Q2 Delivery Beat
Embattled commercial vehicle manufacturer Nikola (NASDAQ: NKLA ) continues to march forward with its difficult recovery process. It provided stakeholders with a substantive piece of good news, delivering 72 hydrogen fuel cell trucks, beating its own high-end guidance of 60...
Why Nikola Surged Over 25% at One Point Today
Nikola reported strong hydrogen-powered truck deliveries. Given the stock's high short interest, it rallied big on Tuesday.
Nikola's hydrogen fuel cell truck deliveries surge in Q2, beating expectations
Nikola said deliveries of its hydrogen-fuel cell trucks rose 80% in the second quarter from the previous three months, surpassing the startup's expectations and signaling strong demand for the big rigs amid its pivot from battery-powered vehicles.
NIKOLA WHOLESALES 72 HYDROGEN FUEL CELL TRUCKS FOR NORTH AMERICAN CUSTOMERS IN Q2 2024, EXCEEDS SALES GUIDANCE
PHOENIX , July 2, 2024 /PRNewswire/ -- For Q2 2024, Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, wholesaled 72 Class 8 Nikola hydrogen fuel cell trucks, above the...
Nikola stock price forecast as it gets severely oversold
The Nikola (NASDAQ: NKLA) stock price continued its deep sell-off this week and moved to its all-time low as concerns about its business accelerated. It plunged to a low of $7.40 on Monday, bringing the year-to-date losses to almost 72%.
Better Hydrogen Stock: Plug Power vs. Nikola
Plug Power has struggled to scale up its business over the past two decades. Nikola is still trying to ramp up its production of electric semitrailer trucks.
Walmart Canada adds Nikola's hydrogen fuel cell-powered electric semi-truck to fleet
Nikola said it has delivered a hydrogen fuel cell powered electric semi-truck to Walmart Canada , making it the first major retailer in the country to add it to its fleet.
Source: https://incomestatements.info
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