Lucid Group is slated to report earnings after the bell on Monday, and investors will be watching for significant revenue growth out of the electric vehicle maker.
The company is expected to report second-quarter revenue of $201.94 million, more than double what it reported a year ago, and a loss of $0.35 per share, according to the Zacks Consensus Estimate.
That projection builds upon Lucid’s first-quarter revenue, which surged 159% year-over-year.
In April, Lucid began deliveries of the Lucid Air vehicle with the new “Stealth Appearance,” which changes up to 35 components on the exterior of the vehicle.
On a more bearish note, the company only produced 2,173 vehicles in the second quarter, compared to 2,314 vehicles in the first quarter, and delivered 1,404 vehicles, down from 1,406.
Shares of Lucid traded nearly 1% lower Friday afternoon at $6.82.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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