Nikola Corp (OQ:NKLA)

Business Focus: Electrical (Alternative) Vehicles

Sector:  Consumer Cyclicals Industry:  Auto & Truck Manufacturers
 
See Regulatory Filings on SEC
Company Contact
Address: 4141 E Broadway Road
PHOENIX AZ 85040
Tel: N/A
Website: https://nikolamotor.com
IR: See website
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Key People
Stephen Jon Girsky
President, Chief Executive Officer, Director
Thomas B. Okray
Executive Vice President, Principal Financial Officer and Principal Accounting Officer
Dirk Ole Hoefelmann
President - Energy
Mary S. Chan
Chief Operating Officer
Joseph R. Pike
Chief Human Resource Officer
Britton M. Worthen
Chief Legal Officer, Secretary
Business Overview
Nikola Corporation is an integrated truck and energy company. The Company provides zero-emissions transportation and energy supply and infrastructure solutions. It operates in two business units: Truck and Energy. The Truck business unit is commercializing fuel cell electric vehicles (FCEV) and battery electric vehicles (BEV) Class 8 trucks that provide or are intended to provide environmentally friendly solutions to the trucking sector. The Energy business unit is developing hydrogen fueling infrastructure to support its FCEV trucks. It offers integrated FCEV solutions including the truck, fueling solutions and maintenance. It offers both BEV (for short and medium-haul, city, regional, and drayage deliveries) and FCEV (for medium and long-haul) solutions. HYLA, the Company's global brand, includes its energy products for procuring, distributing, and dispensing hydrogen to fuel its trucks. Its products include Nikola's Class 8 BEV - Nikola Tre and Nikola's Class 8 FCEV - Nikola Tre.
Financial Overview
For the fiscal year ended 31 December 2023, Nikola Corp revenues decreased 28% to $35.8M. Net loss before extraordinary items increased 17% to $864.6M. Revenues reflect Truck sales decrease of 35% to $30.1M. Basic Earnings per Share excluding Extraordinary Items increased from -$1.67 to -$1.08.
Employees: 870 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $655.62M as of Dec 31, 2023
Annual revenue (TTM): $35.84M as of Dec 31, 2023
EBITDA (TTM): -$577.26M as of Dec 31, 2023
Net annual income (TTM): -$864.62M as of Dec 31, 2023
Free cash flow (TTM): -$616.69M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 1,335,615,165 as of Feb 26, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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