Rivian (Rivn) reported strong results in the fourth quarter after the bell on Thursday and got its goal of spreading a “total profit” for the quarter, with EBITDA smaller than expected in 2024 (pre -interest profits, taxes, consumption, and firefighting) is a loss of preamble. The company also sees a smaller loss in 2025 compared to last year.
The company said in a statement that Rivian reached a total profit of $ 170 million in the fourth quarter, mainly driven by “changing cost improvements, revenues for each delivery unit, and fixed costs.”
“In this quarter, we achieved a positive total profit and removed $ 31,000 of the cost of cars for goods sold to each vehicle that is delivered in the fourth quarter 2024 for the fourth quarter 2023. Our comprehensive product, R2 is obtained. The bill is obtained R2 for materials about 95 % and is expected to be half of nearly half of the bill R1 Al -Muhsnah.
In terms of guidance, Rivian sees the modified EBITDA loss in the full year of 2025 in the range of $ 1.7 billion to $ 1.9 billion, with vehicle connections ranging between 46,000 and 51000.
In the collective call, financial director Claire McDono said that the company expects fewer delivery operations in the first quarter due to seasonal and forest fire effects on California, where many rural purchases are performed. McDono said that the company expects only 8,000 deliveries in the first quarter, and 14,000 units that were produced.
Rivian’s shares rose more than 3 % in the post -hours trade, but it has reduced some of these gains.
Near: February 20 at 4:00:01 pm EST
For a quarter, Rivian recorded revenues of $ 1.73 billion for $ 1.38 billion for each Bloomberg consensus, higher than $ 1.31 billion mentioned a year ago. The company told a modified loss per share $ 0.46, overcoming estimates of a loss of $ 0.65, with an modified EBITDA loss of $ 277 million, better than 399.8 million dollars.
During the year 2024, Rivian recorded a modified loss from EBITDA $ 2.68 billion, less than a $ 2.87 billion loss in the last quarter and improving compared to a loss of $ 3.78 billion from last year.
In early January, the company said it had produced 49,476 cars and delivered 51,579 in 2024. In the fourth quarter, Rivian produced 12727 cars and delivered 14,183 cars.
Rivian said it has $ 5.29 billion, cash and cash rewards, a decrease of $ 7.85 billion a year ago.
The fourth quarter was interesting to Rivian. Company She announced the expansion of her partnership with Volkswagen (VWAGY) in November, with a German auto manufacturer poured more money into a joint project.
The joint project, which was announced last June, will use electrical architecture in Rivian – known as “logical architecture” – and the program associated with the enabling of the launch of the upcoming R2 R2 from Rivian in the first half of 2026.
Read more: Are electric cars more expensive for insurance?
In November, Rivian also revealed that she won a “conditional commitment” from the Ministry of Energy (DOE) to obtain a $ 6.6 billion loan, with a highlight of the advanced capital status in Rivian. The loan, which is part of the ATVM advanced car manufacturing program, will support the construction of the collection plant coming from Rivian outside Atlanta.
However, the new White House Trump, and the Ministry of Governmental Enabled (Doge) says they will be scrutinized in the deal, and may put a DOE loan on Rivian in Limbo.
There is another large wild card on the organizational front, which is the state of federal tax credit, which was referred to by the White House and the Republican Perist, which he referred to. Pure car manufacturers such as Rivian, Lucid (LCID) and Tesla (TSLA) can be affected by removing tax credit.
Finally, earlier this month, Rivian said it would open orders for the EDV commercial truck, which could open another revenue flow to a company looking to increase revenues and reduce costs.
Correction: There was a previous version of this story a modified loss per share of $ 0.70 for the fourth quarter. This was corrected to $ 0.46. The profit loss was corrected before interest, taxes, destruction and consumption for the past year to $ 3.78 billion. We regret the mistakes.
Pras Subramanian is a Yahoo financing reporter. You can follow it x On Instagram.
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