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    Fisker Inc. Announces Third Quarter 2023 Financial Results*

    11/13/23 4:36:00 PM ET
    $FSR
    Auto Manufacturing
    Consumer Discretionary
    Get the next $FSR alert in real time by email

    Fisker sees continued strong demand for its Ocean and delivered more cars in October than the entire third quarter. 

    • Fisker now delivering in ten countries, expected to add two more markets later this month as operational momentum accelerates in Q4 2023.
    • Opened flagship US Lounge at The Grove in Los Angeles and first east-coast Lounge in New York City. Fisker customer locations now open in ten countries, with additional customer facilities opening soon, including a Fisker Lounge in Shanghai, China in January 2024.
    • Q3 2023 was Fisker's first quarter with meaningful automotive sales revenue. Total revenue in the quarter was $71.8 million, gross margin was -17% on a GAAP basis (adjusted gross margin was 9%), and EPS was ($0.27), compared to ($0.49) in the prior year.
    • Raised $450 million in gross proceeds during the third quarter, bolstering quarter-end cash, cash equivalents, and restricted cash to $625 million; this excludes $50 million in VAT receivables, which Fisker is still waiting to receive. An additional $550 million in gross proceeds is available as part of the recent convertible notes transaction.
    • 4,725 vehicles were produced and 1,097 vehicles were delivered in Q3 2023. Deliveries have accelerated as Fisker begins optimizing last mile logistics and expanding its delivery infrastructure to achieve further scale effects in Q4 and beyond. The Company delivered over 1,200 vehicles in October, exceeding the entire Q3 delivery volume. Over 3,000 vehicles delivered globally to date and hundreds more en route to consumers.

    Fisker Inc. (NYSE:FSR) ("Fisker"), driven by a mission to create the world's most emotional and sustainable electric vehicles, today announced its financial results for the third quarter ended September 30, 2023.

    This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231113826797/en/

    Fisker Inc. (NYSE:<a class=FSR) ("Fisker"), driven by a mission to create the world's most emotional and sustainable electric vehicles, today announced its financial results for the third quarter ended Sept. 30, 2023. (Photo: Business Wire)">

    Fisker Inc. (NYSE:FSR) ("Fisker"), driven by a mission to create the world's most emotional and sustainable electric vehicles, today announced its financial results for the third quarter ended Sept. 30, 2023. (Photo: Business Wire)

    "The third quarter was very significant for Fisker as we delivered 1,097 Fisker Ocean vehicles to customers across two continents, which represents the largest delivery volume for any US-based EV OEM in their first full quarter of deliveries. We are rapidly scaling our delivery infrastructure to support even higher volumes of deliveries of our class-leading product to our loyal customers. We are gaining momentum and delivered more units in the month of October than in all of the third quarter," stated Henrik Fisker, Chairman and Chief Executive Officer of Fisker.

    "We are pleased to hear the excitement and positive reviews from our early adopter customers, and at the same time we are also incorporating feedback for areas of improvement. As a software-driven product, we are continually improving the vehicle via over-the-air updates to provide the best experience for our customers," continued Fisker.

    Recent Updates:

    • The Company expanded US and European deliveries of the Fisker Ocean One with 1,097 completed in Q3, up from 11 in Q2. Deliveries have accelerated as Fisker begins optimizing last mile logistics and expanding its delivery infrastructure. The Company delivered over 1,200 vehicles in October exceeding the entire Q3 delivery volume.
    • Fisker adjusted pricing on all trim levels and opened calendar year 2024 orders. Current US pricing by trim is as follows: Ocean Extreme $61,499, the Ultra $52,999, and the Sport $38,999 as Fisker made its first change since initial trim pricings were introduced in 2020 and 2021. Fisker also adjusted pricing in Europe and Canada, narrowing the gap between the Ultra and the Extreme.
    • 4,725 Fisker Ocean vehicles were produced in Q3 2023, up from 1,022 in Q2 2023, which included the impact from the summer holiday production shutdown.
    • Since Q2, Fisker initiated deliveries in seven additional European countries, including right-hand drive United Kingdom, and expanded US deliveries into over 30 new states. Deliveries expected to start later this quarter in Canada and the Netherlands followed by Spain, Portugal, and Italy in Q1 2024.
    • Fisker opened its flagship Lounge in Los Angeles and its New York City Lounge, which complement its customer facilities in Austria, Denmark, France, Germany, Norway, Sweden, and the United Kingdom. The Company plans to open additional locations across multiple states, and expects to have a dozen facilities open by yearend 2023 in North America and a similar amount in Europe. Fisker also announced it will open a Lounge in Shanghai, China in January 2024.
    • Vehicle test drive events expanded globally, ranging from Fisker Lounges and Centers+ to pop-up test drive events in over a dozen cities in Europe and North America.
    • In September, Fisker bolstered its balance sheet by executing $170 million in aggregate principal ($150 million in gross proceeds) of 0% senior unsecured convertible notes due 2025. This investment was in addition to the July convertible notes offering of $340 million in aggregate principal ($300 million in gross proceeds). As part of the transaction, Fisker may now offer up to an additional $623.3 million in aggregate principal ($550 million in gross proceeds) in 0% senior unsecured convertible notes.
    • Fisker initiated over-the-air software updates bringing product enhancements and new features to owners based on customer feedback and Fisker's product rollout strategy. OTA update 1.10 recently completed, which included optimization to ESP system, improved traction control on surface changing roads, refinement to regen braking, improved energy management and connectivity for remote functions along with some other tweaks.
    • Published second annual ESG report demonstrating how environmental and social efforts are authentically ingrained in its culture to build the world's most emotional and sustainable vehicles. Additionally, Fisker is hosting a sustainability roundtable on November 18th to elaborate on its ESG initiatives.
    • Concurrent with IAA Mobility 2023, Fisker held the European premiere of future products including the Rōnin and PEAR in Munich, Germany which followed the US unveiling of the same models at Fisker's inaugural "Product Vision Day" event in California.
    • Fisker will host a journalist event during the Los Angeles Auto Show this week where it will show the PEAR vehicle and its Alaska EV pick up.
    • Announced expanded charging options for North American consumers as Fisker will adopt the North American Charging Standard (NACS) on its first vehicles in 2025 and signed an agreement with Tesla to provide customers with access to the Tesla Supercharger network of over 12,000 Supercharger stations in the United States and Canada.
    • Fisker expanded its global team which totaled more than 1,300 as November 13, 2023, with recent growth focused on sales and service areas to support the delivery and ownership experience.

    Third Quarter 2023 Financial Highlights:

    • Revenue totaled $71.8 million compared to revenue of $825 thousand last quarter.
    • Gross margin was -17% on a GAAP basis; adjusted gross margin was 9%, which excludes an inventory valuation adjustment associated with lower levels of production during the ramp-up phase which we expect to continue until we reach full production.
    • Loss from operations totaled $99.6 million, including $6.1 million of stock-based compensation expense.
    • Net loss totaled $91.0 million and $0.27 loss per share. Weighted average shares outstanding totaled 343.1 million for the three months ended September 30, 2023.
    • Net cash used in operating activities totaled $308.2 million and capital expenditures totaled $30.5 million.
    • Cash and cash equivalents and restricted cash was $625.4 million as of September 30, 2023; this excludes $50.5 million in VAT receivables which Fisker expects to receive as refunds or to monetize against vehicle sales taxes.

    2023 Business Outlook:

    The following information reflects Fisker's expectations for key non-GAAP operating expenses and capital expenditures for full-year 2023. Fisker is projecting the total of these items to be within a range of $565 million to $640 million1.

    Key Expense Item

    USD, millions

    Research & Development (Non-GAAP)1

    $ 160 - 190

    Selling, General, and Administrative (Non-GAAP)1

    $ 180 - 210

    Capital Expenditures

    $ 225 - 240

    Total

    $ 565 - 640

    1 Excludes stock-based compensation expense. A reconciliation to the corresponding GAAP amount is not provided as the quantification of stock-based compensation excluded from the non-GAAP measure, which may be significant, cannot be reasonably calculated or predicted without unreasonable efforts. The Non-GAAP adjustment for stock-based compensation expense requires additional inputs such as number of shares granted and market price volatilities that are not currently ascertainable and cannot be reasonably estimated.

    Conference Call Information

    Fisker Inc. will host a conference call to discuss the results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) today, November 13, 2023. The live audio webcast will be accessible on Fisker's Investor Relations website at https://investors.fiskerinc.com. A recording of the webcast will also be available following the conference call.

    Use of Non-GAAP Financial Measures (Unaudited)

    This press release and the accompanying tables references certain non-generally accepted accounting principles in the United States (GAAP) financial measures, including adjusted gross margin, non-GAAP selling, general, and administrative expense, non-GAAP research and development expense and non-GAAP total operating expenses. These non-GAAP financial measures differ from their directly comparable GAAP financial measures due to adjustments made to exclude inventory valuation adjustments or stock-based compensation expense. None of these non-GAAP financial measures is a substitute for or superior to measures of financial performance prepared in accordance with GAAP and should not be considered as an alternative to any other performance measures derived in accordance with GAAP.

    Fisker believes that presenting these non-GAAP financial measures provides useful supplemental information to investors about Fisker in understanding and evaluating its operating results, enhancing the overall understanding of its past performance and future prospects, and allowing for greater transparency with respect to key financial metrics used by its management in financial and operational-decision making. However, there are a number of limitations related to the use of non-GAAP measures and their nearest GAAP equivalents. For example, other companies may calculate non-GAAP measures differently, or may use other measures to calculate their financial performance, and therefore any non-GAAP measures Fisker uses may not be directly comparable to similarly titled measures of other companies. Therefore, both GAAP financial measures of Fisker's financial performance and the respective non-GAAP measures should be considered together. Please see the reconciliation of non-GAAP financial measures to the most directly comparable GAAP measure in the tables below.

    Disclosure Information

    Fisker uses the investor relations section on its website as a means of complying with its disclosure obligations under Regulation FD. It also uses various social media channels as a means of disclosing information about Fisker and its products to its customers, investors and the public (e.g., @fiskerinc on Twitter, Facebook, Instagram, YouTube, TikTok and LinkedIn). Accordingly, investors should monitor Fisker's investor relations website and these social media channels in addition to following Fisker's press releases, SEC filings, and public conference calls and webcasts.

    About Fisker Inc.

    California-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable and eco-friendly electric vehicles on Earth. Passionately driven by a vision of a clean future for all, the company is on a mission to become the No. 1 e-mobility service provider with the world's most sustainable vehicles. To learn more, visit www.FiskerInc.com – and enjoy exclusive content across Fisker's social media channels: Facebook, Instagram, Twitter, YouTube, and LinkedIn.

    Download the revolutionary new Fisker mobile app from the App Store or Google Play store.

    Forward-Looking Statements

    This press release includes forward-looking statements, which are subject to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as "feel," "believes," expects," "estimates," "projects," "intends," "should," "is to be," or the negative of such terms, or other comparable terminology and include, among other things, the statements quoted by our Chief Executive Officer, the timing of start of production and delivery of the Fisker PEAR, the sufficiency of our cash to fund production launch of the Fisker Ocean, and statements regarding Fisker's future performance under "2023 Business Outlook," the reported financial results for the third quarter of 2023, which are subject to completion of Fisker's internal review, and other future events that involve risks and uncertainties. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: Fisker's limited operating history; Fisker's ability to enter into additional manufacturing and other contracts with Magna, or other OEMs or tier-one suppliers in order to execute on its business plan; the risk that OEM and supply partners do not meet agreed upon timelines or experience capacity constraints; Fisker may experience significant delays in the design, manufacture, regulatory approval, launch and financing of its vehicles; Fisker's ability to execute its business model, including market acceptance of its planned products and services; Fisker's inability to retain key personnel and to hire additional personnel; competition in the electric vehicle market; Fisker's inability to develop a sales distribution network; and the ability to protect its intellectual property rights; and those factors discussed in Fisker's Annual Report on Form 10-K, under the heading "Risk Factors," filed with the Securities and Exchange Commission (the "SEC"), as supplemented by Quarterly Reports on Form 10-Q, and other reports and documents Fisker files from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and Fisker undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

    Third Quarter 2023 Financial Results*



    Fisker Inc. and Subsidiaries

    Unaudited Condensed Consolidated Statements of Operations

    (amounts in thousands, except share and per share data)

     
    Three Months Ended
    September 30, 2023 June 30, 2023 September 30, 2022
     
    Revenue

    $

    71,800

     

    $

    825

     

    $

    14

     

    Costs of goods sold

     

    83,920

     

     

    760

     

     

    6

     

    Gross margin

     

    (12,120

    )

     

    65

     

     

    8

     

     
    Operating costs and expenses:
    Selling, general and administrative

     

    78,022

     

     

    42,267

     

     

    22,102

     

    Research and development

     

    9,423

     

     

    45,982

     

     

    117,885

     

    Total operating costs and expenses

     

    87,445

     

     

    88,249

     

     

    139,987

     

     
    Loss from operations

     

    (99,565

    )

     

    (88,184

    )

     

    (139,979

    )

     
    Other income (expense):
    Other income (expense)

     

    (2,288

    )

     

    (260

    )

     

    270

     

    Interest income

     

    6,395

     

     

    6,581

     

     

    3,075

     

    Interest expense

     

    (4,928

    )

     

    (4,605

    )

     

    (4,693

    )

    Foreign currency gain/(loss)

     

    11,068

     

     

    3,800

     

     

    (7,285

    )

    Unrealized gain/(loss) recognized on equity securities

     

    (530

    )

     

    340

     

     

    (730

    )

    Fair value adjustment of 2025 notes and derivative liability

     

    725

     

     

    -

     

     

    -

     

    Total other income (expense)

     

    10,442

     

     

    5,856

     

     

    (9,363

    )

    Net loss before income taxes

     

    (89,123

    )

     

    (82,328

    )

     

    (149,342

    )

    Provision for income taxes

     

    (1,835

    )

     

    (279

    )

     

    -

     

    Net loss

    $

    (90,958

    )

    $

    (82,607

    )

    $

    (149,342

    )

     
    Basic and Diluted net loss per share

    $

    (0.27

    )

    $

    (0.25

    )

    $

    (0.49

    )

    Basic and Diluted weighted average common shares outstanding

     

    343,101,845

     

     

    335,888,051

     

     

    303,224,595

     

     

    Fisker Inc. and Subsidiaries

    Unaudited Condensed Consolidated Balance Sheets

    (amounts in thousands, except share and per share data)

     
    As of:
    September 30, 2023 December 31, 2022
    Current assets:
    Cash and cash equivalents

    $

    527,442

    $

    736,549

    Restricted cash

     

    97,954

     

    -

    Inventory

     

    549,914

     

    4,276

    Prepaid expenses and other current assets

     

    284,840

     

    87,489

    Equity investment

     

    2,220

     

    3,140

    Total current assets

     

    1,462,370

     

    831,454

     
    Non-current assets:
    Property and equipment, net

     

    566,748

     

    387,137

    Intangible assets

     

    228,819

     

    246,922

    Right of use asset, net

     

    78,739

     

    33,424

    Other non-current assets

     

    54,371

     

    16,489

    Total noncurrent assets

     

    928,677

     

    683,972

    Total assets

    $

    2,391,047

    $

    1,515,426

     
    Current liabilities:
    Accounts payable

    $

    455,183

    $

    58,871

    Accrued expenses

     

    398,959

     

    264,925

    Lease liabilities (short term)

     

    17,825

     

    7,085

    Total current liabilities

     

    871,967

     

    330,881

     
    Non-current liabilities:
    Customer deposits

     

    16,359

     

    15,334

    Lease liabilities

     

    51,723

     

    27,884

    2025 Convertible notes and derivative liability

     

    446,275

     

    660,822

    2026 Convertible notes

     

    662,118

     

    -

    Total non-current liabilities

     

    1,176,475

     

    704,040

    Total liabilities

     

    2,048,442

     

    1,034,921

     
    Stockholder's equity

     

    342,605

     

    480,505

    Total liabilities and equity

    $

    2,391,047

    $

    1,515,426

     

     

    Fisker Inc. and Subsidiaries

    Unaudited Condensed Consolidated Statements of Cash Flows

    (amounts in thousands, except share and per share data)

     
    Three Months Ended September 30,

    2023

    2022

    Cash flows from Operating Activities
    Net loss

    $

    (90,958

    )

    $

    (149,342

    )

    Stock-based compensation

     

    6,076

     

     

    11,166

     

    Depreciation and Amortization

     

    10,167

     

     

    628

     

    Accretion of debt issuance costs

     

    435

     

     

    422

     

    Unrealized (gain)/loss recognized on equity securities

     

    530

     

     

    730

     

    Change in operating assets and liabilities

     

    (226,267

    )

     

    40,200

     

    Other operating activities

     

    (8,151

    )

     

    10,234

     

    Net cash used in operating activities

     

    (308,168

    )

     

    (85,962

    )

     
    Cash flows from Investing Activities
    Funding of notes receivable

     

    (7,700

    )

     

    -

     

    Purchase of property and equipment

     

    (30,526

    )

     

    (57,345

    )

    Net cash used in investing activities

     

    (38,226

    )

     

    (57,345

    )

     
    Cash flows from Financing Activities
    Proceeds from the issuance of 2025 convertible notes

     

    450,000

     

     

    -

     

    Proceeds from exercise of stock options

     

    26

     

     

    67

     

    Proceeds from stock issuance under "At-the-market" offering

     

    -

     

     

    117,970

     

    Payments for "At-the-market" issuance costs

     

    (18

    )

     

    (1,952

    )

    Payments/proceeds with tax authorities for statutory tax withholdings

     

    -

     

     

    (21

    )

    Net cash provided by financing activities

     

    450,008

     

     

    116,064

     

     
    Net increase / (decrease) in cash and cash equivalents

     

    103,614

     

     

    (27,243

    )

    Cash and cash equivalents and restricted cash, beginning of period

     

    521,782

     

     

    851,939

     

    Cash and cash equivalents and restricted cash, end of period

    $

    625,396

     

    $

    824,696

     

     

     

    Fisker Inc. and Subsidiaries

    Unaudited Reconciliation of GAAP to Non-GAAP Financials Measures

    (amounts in thousands, except share and per share data)

     
    Adjusted Gross Margin Three Months Ended
    September 30, 2023 June 30, 2023 September 30, 2022
    Revenue

    $

    71,800

     

    $

    825

    $

    14

    Cost of goods sold (GAAP)

     

    83,920

     

     

    760

     

    6

    Inventory valuation adjustment

     

    18,226

     

     

    -

     

    -

    Cost of goods sold (non-GAAP)

     

    65,694

     

     

    -

     

    -

     
    Adjusted gross margin (non-GAAP)

    $

    6,106

     

    $

    -

    $

    -

    Adjusted gross margin % (non-GAAP)

     

    9

    %

     

    N/A

     

    N/A

     

    *The financial results discussed herein are presented on a preliminary basis; final data will be included in Fisker's Quarterly Report on Form 10-Q for the period ended September 30, 2023

    View source version on businesswire.com: https://www.businesswire.com/news/home/20231113826797/en/

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    • Fisker downgraded by R. F. Lafferty

      R. F. Lafferty downgraded Fisker from Buy to Hold

      3/1/24 8:50:04 AM ET
      $FSR
      Auto Manufacturing
      Consumer Discretionary
    • Fisker downgraded by Citigroup

      Citigroup downgraded Fisker from Buy to Neutral

      3/1/24 7:39:31 AM ET
      $FSR
      Auto Manufacturing
      Consumer Discretionary
    • Fisker downgraded by TD Cowen with a new price target

      TD Cowen downgraded Fisker from Outperform to Market Perform and set a new price target of $1.00 from $11.00 previously

      1/17/24 7:15:09 AM ET
      $FSR
      Auto Manufacturing
      Consumer Discretionary

    $FSR
    Financials

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    $FSR
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

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    • Fisker Inc. Announces Preliminary Q4 and Full Year 2023 Results*

      Fisker's new Dealer Partner model is gaining momentum and is expected to help improve brand awareness and sales throughout 2024. Fisker is in negotiations with a large automaker for a potential transaction which could include an investment in Fisker, joint development of one or more electric vehicle platforms, and North America manufacturing. The closing of any transaction would be subject to satisfaction of important conditions, including completion of due diligence and negotiation and execution of appropriate definitive agreements. Fisker reports preliminary Q4 2023 total revenue of $200.1 million, an increase of $128.3 million from Q3 2023. Both full year 2023 total revenue, which

      2/29/24 4:17:00 PM ET
      $FSR
      Auto Manufacturing
      Consumer Discretionary
    • Fisker Announces Timing of Fourth Quarter and Full Year 2023 Results and Webcast

      Fisker Inc. (NYSE:FSR) ("Fisker") – driven by a mission to create the world's most emotional and sustainable electric vehicles – today announced that it will report its fourth quarter and full year 2023 financial results after market close on Thursday, February 29, 2024. The release will be followed by a conference call at 2:00 p.m. PT (5:00 p.m. ET). Speakers on the call will be Henrik Fisker, Chairman and Chief Executive Officer; David King, Chief Technology Officer; and Dr. Geeta Gupta-Fisker, Chief Financial Officer of Fisker Inc. The conference call can be accessed via a live webcast accessible on the Events and Presentations page of Fisker's Investor Relations website: https://inves

      2/22/24 6:55:00 AM ET
      $FSR
      Auto Manufacturing
      Consumer Discretionary
    • Fisker Inc. Announces Third Quarter 2023 Financial Results*

      Fisker sees continued strong demand for its Ocean and delivered more cars in October than the entire third quarter.  Fisker now delivering in ten countries, expected to add two more markets later this month as operational momentum accelerates in Q4 2023. Opened flagship US Lounge at The Grove in Los Angeles and first east-coast Lounge in New York City. Fisker customer locations now open in ten countries, with additional customer facilities opening soon, including a Fisker Lounge in Shanghai, China in January 2024. Q3 2023 was Fisker's first quarter with meaningful automotive sales revenue. Total revenue in the quarter was $71.8 million, gross margin was -17% on a GAAP basis (adjust

      11/13/23 4:36:00 PM ET
      $FSR
      Auto Manufacturing
      Consumer Discretionary
    • SEC Form SC 13G/A filed by Fisker Inc. (Amendment)

      SC 13G/A - Fisker Inc./DE (0001720990) (Subject)

      2/14/24 5:34:13 PM ET
      $FSR
      Auto Manufacturing
      Consumer Discretionary
    • SEC Form SC 13G/A filed by Fisker Inc. (Amendment)

      SC 13G/A - Fisker Inc./DE (0001720990) (Subject)

      2/14/24 12:48:47 PM ET
      $FSR
      Auto Manufacturing
      Consumer Discretionary
    • SEC Form SC 13G/A filed by Fisker Inc. (Amendment)

      SC 13G/A - Fisker Inc./DE (0001720990) (Subject)

      2/13/24 5:04:36 PM ET
      $FSR
      Auto Manufacturing
      Consumer Discretionary

    $FSR
    Leadership Updates

    Live Leadership Updates

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    • Xperi Announces Appointment of Two New Independent Directors

      Jeremi Gorman and Roderick Randall Have Expertise in Content Monetization, Digital Media, Automotive Technology and Capital Allocation Board Expands to Seven Directors Xperi Inc. (NYSE:XPER) (the "Company" or "Xperi"), an entertainment technology company that invents, develops and delivers technologies that enable extraordinary experiences, today announced the appointment of Jeremi A. Gorman and Roderick K. ("Rod") Randall to the Board of Directors (the "Board"), effective June 10, 2024. Following the appointment of Ms. Gorman and Mr. Randall, the Board consists of seven directors, six of whom are independent. "We welcome Jeremi and Rod, both accomplished leaders with domain expertise

      6/10/24 4:05:00 PM ET
      $AMZN
      $FSR
      $GAME
      $NFLX
      Catalog/Specialty Distribution
      Consumer Discretionary
      Auto Manufacturing
      Services-Misc. Amusement & Recreation
    • Fisker Adds Executives to Leadership Team as the Company Accelerates Growth in 2024

      Fisker Inc. (NYSE:FSR) ("Fisker"), driven by a mission to create the world's most emotional and sustainable electric vehicles, announced today that the company has added two executives to its leadership team. Eric Goldstein has been named Head of Investor Relations. Beverly Lively has joined as VP, Internal Audit & Controls. Goldstein will report to CFO Dr. Geeta Gupta-Fisker and Lively will report to CAO Angel Salinas. "I'm thrilled that Eric and Beverly have come to Fisker at this important time for the company," Chairman and CEO Henrik Fisker said. "Their experience will be a great addition to the Fisker team as we accelerate our growth in 2024." Goldstein has over 25 years of ex

      1/16/24 6:30:00 AM ET
      $FSR
      Auto Manufacturing
      Consumer Discretionary
    • Fisker Plans Largest Owner Meetup in Company History on January 20

      Fisker Inc. (NYSE:FSR) ("Fisker"), driven by a mission to create the world's most emotional and sustainable electric vehicles, will hold the largest owner meetup in its history on January 20, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240111599577/en/FISKER PLANS LARGEST OWNER MEETUP IN COMPANY HISTORY ON JANUARY 20. (Photo: Fisker Inc.) Fisker is collaborating on the event with Fiskerati.com, an independent website that publishes news related to the company and the electric vehicle and new mobility industries. Meetups will take place in almost two dozen locations in the U.S. "It's incredibly exciting for me to see o

      1/11/24 6:30:00 AM ET
      $FSR
      Auto Manufacturing
      Consumer Discretionary