See more : MERCURY EV-TECH LIMITED (MERCURYEV.BO) Income Statement Analysis – Financial Results
Complete financial analysis of Polestar Automotive Holding UK PLC (PSNY) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Polestar Automotive Holding UK PLC, a leading company in the Auto – Manufacturers industry within the Consumer Cyclical sector.
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Polestar Automotive Holding UK PLC (PSNY)
About Polestar Automotive Holding UK PLC
Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 2.38B | 2.46B | 1.34B | 610.25M | 92.42M |
| Cost of Revenue | 2.79B | 2.34B | 1.34B | 553.72M | 39.79M |
| Gross Profit | -413.08M | 119.44M | 860.00K | 56.52M | 52.63M |
| Gross Profit Ratio | -17.37% | 4.85% | 0.06% | 9.26% | 56.94% |
| Research & Development | 158.41M | 170.99M | 232.92M | 183.85M | 34.39M |
| General & Administrative | 0.00 | 864.60M | 714.72M | 314.93M | 210.57M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 949.68M | 864.60M | 714.72M | 314.93M | 210.57M |
| Other Expenses | -41.20M | -2.18M | -1.25M | 712.00K | -425.00K |
| Operating Expenses | 1.07B | 1.03B | 946.40M | 499.49M | 244.53M |
| Cost & Expenses | 3.86B | 3.38B | 2.28B | 1.05B | 284.32M |
| Interest Income | 32.28M | 8.55M | 1.40M | 3.20M | 13.29M |
| Interest Expense | 206.48M | 108.44M | 45.24M | 26.50M | 18.94M |
| Depreciation & Amortization | 115.01M | 158.39M | 239.16M | 216.08M | 32.55M |
| EBITDA | -809.90M | -213.10M | -722.71M | -226.89M | -148.32M |
| EBITDA Ratio | -34.05% | -29.26% | -52.72% | -36.66% | -160.50% |
| Operating Income | -1.48B | -913.96M | -945.54M | -442.97M | -191.91M |
| Operating Income Ratio | -62.22% | -37.12% | -70.71% | -72.59% | -207.66% |
| Total Other Income/Expenses | 278.00M | 836.10M | -61.58M | -30.84M | -4.97M |
| Income Before Tax | -1.20B | -449.01M | -1.01B | -471.32M | -195.96M |
| Income Before Tax Ratio | -50.53% | -18.24% | -75.32% | -77.24% | -212.04% |
| Income Tax Expense | -7.14M | 16.78M | 336.00K | 13.54M | 2.02M |
| Net Income | -1.19B | -465.79M | -1.01B | -484.86M | -197.98M |
| Net Income Ratio | -50.23% | -18.92% | -75.34% | -79.45% | -214.22% |
| EPS | -0.57 | -0.23 | -0.48 | -0.23 | -0.09 |
| EPS Diluted | -0.57 | -0.22 | -0.48 | -0.23 | -0.09 |
| Weighted Avg Shares Out | 2.10B | 2.03B | 2.12B | 1.68B | 2.12B |
| Weighted Avg Shares Out (Dil) | 2.11B | 2.11B | 2.12B | 1.68B | 2.12B |
Polestar Lives to Fight Another Day After Q2 Earnings
Polestar Automotive NASDAQ: PSNY is an electric vehicle company that has seen a shock to its share price over the past 52 weeks. Prior to its recent earnings release, shares were down 70%.
Why Beaten-Down EV Stock Polestar Surged 21% Today
Polestar reported a strong sequential jump in deliveries for the second quarter. The EV maker expects stronger months ahead as it starts selling new cars.
EV tariffs could hurt European companies and industry, Polestar CFO says
Import tariffs imposed by the European Union and the United States on China-made electric vehicles will harm European based companies, the chief financial officer of Swedish EV maker Polestar said on Thursday.
Polestar share trade up on narrower loss for quarter
Polestar Automotive (NASDAQ:PSNY) shares traded up nearly 7% on Thursday, to $1.01, after the EV firm narrowed its losses for the second quarter, At $242.3 million, the second-quarter operating loss improved from last year's $273.6 million loss. Revenue for the...
Polestar posts further loss, hit by demand slowdown and delay in car launches
Polestar posted a second quarter operating loss on Thursday, a day after the Swedish electric vehicle (EV) maker replaced its CEO amid funding issues and flagging sales.
Why EV Stocks Plunged on Wednesday
Polestar's CEO abruptly left the EV upstart. Canada is putting a 100% tariff on Chinese EV imports.
EV demand slowdown sees Hyundai turn to hybrids, Polestar switch boss
Polestar and Hyundai are the latest carmakers to signal changes as the industry grapples with slowing electric vehicle demand. Hyundai unveiled plans to double the number of hybrid models it offers to 14 on Wednesday.
Swedish EV maker Polestar appoints Michael Lohscheller as CEO
Swedish electric-vehicle (EV) maker Polestar said on Wednesday that Michael Lohscheller will become chief executive, replacing current CEO Thomas Ingenlath.
Polestar Announces Leadership Change: Michael Lohscheller Appointed CEO
GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) announces that Michael Lohscheller, a seasoned automotive leader with extensive experience in driving operational excellence and strategic growth, will assume the role of CEO. Thomas Ingenlath, who has served as CEO since Polestar's inception and...
Despite Fast-paced Momentum, Polestar Automotive Holding UK PLC (PSNY) Is Still a Bargain Stock
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Polestar Automotive Holding UK PLC (PSNY) could be a great choice. It is one of the several stocks that passed through...
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