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valuemind

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valuemind

Re: researcher59 post# 95833

Friday, 03/11/2022 10:32:20 AM

Friday, March 11, 2022 10:32:20 AM

Post# of 113940
RIVN: They have $18 billion cash with 880 million shares outstanding as of Dec 31, 2021, and so the book per share is about 20.45. They are burning about $1 billion cash per quarter. They could not meet their projection during IPO just a few months ago. Now they reduced their projection and they said they would produce 25,000 new car in 2022 with minus $4.75 billion adjusted EBITDA and $2.6 billion capital expenditure. Sounds very dangerous for me with possibility of bankruptcy within 3-5 years if they could not ramp up their production fast enough.
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