Rivian GAAP EPS of -$1.89 misses by $0.13, revenue of $364M beats by $26.02M

Aug. 11, 2022 4:21 PM ETRivian Automotive, Inc. (RIVN)By: Gaurav Batavia, SA News Editor30 Comments
  • Rivian press release (NASDAQ:RIVN): Q2 GAAP EPS of -$1.89 misses by $0.13.
  • Revenue of $364M beats by $26.02M.
  • Shares -4%.
  • Based on latest understanding of the supply chain environment, the company is reaffirming our 2022 production guidance of 25,000 total units produced. Revising annual Adjusted EBITDA guidance to $(5,450) million
  • Lowering 2022 capital expenditures guidance to $2,000 million. This change in planned capital expenditures is reflective of streamlined product roadmap and the shift of certain capital expenditures to 2023. In aggregate, the company expects ending cash position for 2022 to be in line with its initial expectation.

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