Rivian (Rivn) reported on the strong results of the fourth quarter after Bell Thursday and achieved his goal of publishing “gross get” for a quarter. The company published a loss less than expected all year in 2024 (earnings before interest, tax, depreciation and depreciation) loss to start and see a minor loss in 2025 compared to a year ago.
Despite the positive results, the Rivian shares on Friday fell by 3%in early trading.
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In the fourth quarter, Rivian reported a gross profit of $ 170 million, primarily encouraged by “improvements of changing costs, revenues at the unit delivered and fixed costs,” the company states.
“In this quarter, we have reached a positive gross gain and removed $ 31,000 by car costs sold by goods per vehicle delivered in Q4 2024. In relation to the Q4 2023,” Rivian Scaringa’s Executive Director said. “Our focus on cost -effectiveness throughout the business is crucial to starting our mass market, R2. The R2 account account is approximately 95%, and it is expected to be approximately half of the improved R1 account account.”
In terms of leadership, Rivian sees his 2025. The year -round adapted loss of EBITDA ranges from $ 1.7 to $ 1.9 billion, with a vehicle delivery between 46,000 and 51,000.
At a conference call, CFO Claire McDonough said the company expects less deliveries in the first quarter because of the seasonality and effects of wild fires on the state of California, where many Rivi purchases are performed. McDonough said the company expects only 8,000 delivery to Q1 and 14,000 units.
The Rivian section has increased over 3% in after work hours, but lost those gains.
“Rivn has provided relatively conservative FY25 guidelines while the company is fighting with countless macronary winds, looking for a balance of his vehicle lines to create a steady growth of revenue, while careful about consuming DNA spreading,” said Wedbush analyst Dan Ives in note clients. “FY25 delivery guidelines from 46K to 51K vehicles imply a negative delivery growth, including the delivery goal of 8K for 1Q, as the planned exclusion of the plant in 2H25 for integration of R2 affects delivery guidelines.”
In a quarter, Rivian reported a $ 1.73 billion revenue compared to consensus estimates of $ 1.38 billion per Bloomberg consensitive estimates, $ 32% more than $ 1.31 billion reported a year ago. The company reported on a custom loss of $ 0.46 loss, winning estimates for a $ 0.65 loss, with a custom loss of EBITDA in the amount of $ 277 million, which is better than the expected $ 399.8 million.
For 2024, Rivian recorded a custom loss of EBITDA of $ 2.68 billion, lower than a $ 2.87 billion loss scheduled in the last quarter and improvement compared to a loss of $ 3.78 billion relative to a year before.
The founder and executive director of Rivian RJ Scaringa speaks on stage during Riviana reveals a completely electric R2 middle SUV event at the Rivian South Coast Theater, March 7, 2024, in Laguna Beach, California (Phillip Pharaoone/Getty Images for Rivian) ·Phillip Pharaoone via Getty Images
In early January, the company said it produced 49,476 vehicles and delivered 51,579 in 2024 in Q4, Rivian produced 12,727 vehicles and delivered 14,183 vehicles.
Rivian said he had $ 5.29 billion in cash and monetary equivalents, which is a drop of $ 7.85 billion a year ago.
Shared investment, announced last JuneIt will use Rivial Electric Architecture – known as “zon architecture” – and accompanying the software group to allow Rivian’s upcoming middle SUV R2 SUV to initiate the first half of the 2026.
In November, Rivian also discovered that She won the “probation” From the Energy Department (Doe) for a loan of $ 6.6 billion, emphasizing Rivian’s improvement of the capital state. The loan, part of Doe’s program for the production of advanced technological vehicles, would support the construction of Rivian’s upcoming assembly facility located outside Atlanta.
The new Trump White House, however, also says the Ministry of Government Efficiency that they will carefully study the agreement, potentially putting the Doe Rivian loan in Limbo.
The Rivian electrical delivery fleet (EDV) is associated with electric chargers while launching events between Amazon and Rivian at Amazon 21. July 2022 in Chicago. (Mustafa Hussain/Getty Images) ·Mustafa Hussain via Getty Images
“We repeat our sales rating in the light of RIVN’s jump of 35% of his edition of earnings in Q3, weaker guidelines of 2025 from the expected and risk associated with the potential loan loan of Energy Department of $ 6.6 billion approved late in the Administration of Biden” , “Cfra analyst Garrett Nelson wrote in a note to clients.
Another large savage card on the regulatory front is the status of a federal tax loan EV, for which Trump’s White House and Republican Party cited. Car manufacturers of purely playing like Rivian, Lucid (Lcid), and Tesla (Tsla) Could be the most guessed by removing the tax loan.
Finally, earlier this month Rivian said he would open up UP Orders for your Officer to Delivery EDVWhat could open another flow of revenue for a company that wants to increase, increase income and reduce costs.
Rivian Automotive remembers 17,260 American vehicles due to problems with headlights that can reduce visibility and increase the risk of collision, the National Road Traffic Safety Administration said on Friday.
This story has been updated.
Correcting: The earlier version of this story had a custom loss per share of $ 0.70 for the Q4. This was corrected at $ 0.46. The loss of EBITDA for last year was also corrected to $ 3.78 billion. We regret the mistakes.
Pras Subramanian is a journalist for Yahoo Finance. You can follow it further X and on Instagram.
