Fisker Inc (FSRNQ)

[OPKOHEALTH2022]

Fisker will more likely sell between 12k and 17k EVs for 2024 taking into consideration that Fisker already said that that they expect their unsold inventory of about 5k EVs . They sold 4,700 EVs in 2023 and 10,142 were produced in 2023. Let’s take the 5k in Q1 . That leaves 12k for 2024 to hit 17k . Let’s take 17K x 50,000 = 850 million in revenue. Their cash burn rate is about 850 million a year average for the past few years . I can see why the PPS will struggle to go over a buck for now.