Nikola Results Presentation Deck
02 & FY 2023 OUTLOOK
In Thousands
Except Deliveries, Gross Margin, and Share Data
Total truck deliveries
Revenue
Gross margin
Research and development (1)
Selling, general, and administrative (2)
Stock-based compensation (3)
Capital expenditures
Expected total shares outstanding as of 12/31/23 (4)
Expected weighted average shares outstanding for the quarter ended
6/30/23 and full year ended 12/31/23 (4)
02 2023 Range
Low
30
$10,500
-240%
$75,000
$60,000
$42,500
$29,000
High
$21,000
60
$80,000
698,500,000
-130%
$65,000
687,000,000
$47,500
1.
Includes stock-based compensation for 02'23 of $8m and FY'23 of $31.4m
2. Includes stock-based compensation for 02'23 of $20m and FY'23 of $51m
3.
Total stock-based compensation for 02'23 of $29m including $800k for Cost of revenues; Total stock-based compensation for FY '23 of $85. 1m including $2.8m for Cost of revenues
Shares outstanding as of 3/31/2023 plus estimated employee stock option exercises and restricted stock unit distributions
4.
FY 2023 Range
(Unchanged)
Low
375
$140,000
-75%
$245,000
$185,000
$140,000
$85,100
High
$200,000
500
$255,000
703,100,000
-95%
$195,000
659,800,000
$160,000
12
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