Investor Presentaiton
THIRD QUARTER 2023 EARNINGS RELEASE
UCID
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)
Three Months Ended September 30,
Nine Months Ended September 30,
(in thousands, except share and per share data)
2023
2022
2023
2022
$
137,814
469,722
$
195,457
492,483
$
(331,908)
(297,026)
438,120
1,526,051
(1,087,931)
$
350,468
1,030,795
(680,327)
Revenue
Cost of revenue
Gross profit (loss)
Operating expenses
Research and development
Selling, general and administrative
Restructuring charges
Total operating expenses
Loss from operations
Other income (expense), net
Change in fair value of common stock warrant liability
Interest income
Interest expense
Other income (expense), net
Total other income, net
Loss before provision for income taxes
Provision for income taxes
Net loss
Net loss attributable to common stockholders, basic
Change in fair value of dilutive warrants
Net loss attributable to common stockholders, diluted
Weighted average shares outstanding attributable to common stockholders
Basic
Diluted
Net loss per share attributable to common stockholders
Basic
Diluted
Other comprehensive income (loss)
Net unrealized gains (losses) on investments, net of tax
Foreign currency translation adjustments
Total other comprehensive income (loss)
Comprehensive loss attributable to common stockholders
LUCID GROUP, INC.
230,758
213,761
694,035
600,218
189,691
176,736
556,209
563,707
518
420,967
(752,875)
390,497
(687,523)
24,546
1,274,790
(2,362,721)
1,163,925
(1,844,252)
60,316
140,146
61,647
998,319
66,064
24,373
145,594
27,284
(3,340)
(7,613)
(17,138)
(22,521)
(763)
665
(1,024)
9,898
122,277
(630,598)
157,571
(529,952)
189,079
(2,173,642)
1,012,980
(831,272)
296
149
1,012
540
(630,894)
(630,894)
(530,101)
(530,101)
(2,174,654)
(2,174,654)
(831,812)
(831,812)
(140,146)
(998,319)
$
(630,894) $
(670,247) $
(2,174,654) $
(1,830,131)
2,284,446,783
2,284,446,783
1,676,048,504
1,690,963,548
2,010,916,100
2,010,916,100
1,666,693,217
1,686,576,589
$
(0.28) $
(0.32) $
(1.08) $
$
(0.28)
$
(0.40)
$
(1.08)
$
(0.50)
(1.09)
$
1,554
$
(12,575)
$
2,590
$
(13,266)
(1,967)
(413)
$
(631,307)
$
(12,575)
(542,676)
(1,381)
1,209
(13,266)
$
(2,173,445) $
(845,078)
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