NU RIDE INC
1.8000-0.05 (-2.7%)
Oct 29, 4:00:00 PM EDT · OTC Markets OTCPK · NRDE · USD
Key Stats
Market Cap
28.97MP/E (TTM)
-Basic EPS (TTM)
-0.27Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
Nu Ride Inc. narrowed its net loss to $0.5 million for the six months ended June 30, 2025, a sharp improvement from $7.0 million the prior year, driven by lower SG&A expenses of $3.6 million versus $6.7 million, including no reorganization costs this year after $4.8 million last year, and a $1.5 million litigation benefit from claim settlements. Operating loss stood at $2.1 million, offset by $0.9 million in realized gains on debt securities and $0.8 million in investment income, yielding diluted EPS of -$0.12 on 16.1 million shares, consistent with basic due to anti-dilutive preferred stock effects. Cash and equivalents rose to $26.8 million from $23.1 million at year-end, bolstered by $10.4 million in investing inflows from maturing short-term investments, while free cash flow is not disclosed in the 10-Q; restricted cash and investments total $22.4 million for ongoing claims under the bankruptcy plan. The Foxconn litigation persists, with nine claims advancing amid an appeal. Litigation costs remain a key risk.
10-Q
Q1 FY2025 results
Nu Ride narrowed its operating loss to $1.8 million in Q1 FY2025 ended March 31, 2025, down 81% y/y from $9.5 million, thanks to slashed SG&A expenses of $1.9 million versus $5.2 million last year, while reorganization costs vanished post-bankruptcy emergence. Net loss improved to $1.2 million from $8.5 million, with diluted EPS at $(0.12) on 16.1 million shares, confirming no anti-dilution quirks. Cash burn eased to $1.8 million from operating activities, bolstered by $10 million in short-term investment maturities, leaving $28.0 million in cash and equivalents plus $19.9 million restricted for claims. The Foxconn litigation presses on, with nine claims surviving dismissal. Litigation shadows linger.
10-K
FY2024 results
Nu Ride Inc. posted a $8.1 million net loss for FY2024 ended December 31, 2024, a sharp improvement from $343.1 million in 2023, as operations wound down post-bankruptcy emergence in March 2024 with no revenue or production. Q4 cash burn eased to $35.1 million for the year, down from $137.2 million annually prior, driven by slashed SG&A to $12.9 million versus $54.4 million, though reorganization costs hit $4.0 million amid claims settlements. Cash dwindled to $23.1 million by year-end, with $23.4 million restricted for creditor payouts, while $6.4 million in short-term investments yielded $2.8 million in interest. No dividends or buybacks occurred; capex stayed nil. The company eyes business combinations to leverage $1.1 billion in NOLs, but Foxconn litigation drags on with uncertain outcomes. Yet litigation costs could exhaust reserves fast.
10-Q
Q3 FY2024 results
Nu Ride swung to a modest operating loss of $0.5 million in Q3 2024, a sharp improvement from the $17.5 million hit in Q3 2023, thanks to the wind-down of production and bankruptcy proceedings. For the nine months, the operating loss narrowed to $9.5 million from a massive $345.3 million, with no revenue but $3.0 million in investment income cushioning the blow; diluted EPS came in at $(0.54), aligning with 16.1 million weighted shares. Cash and equivalents stood at $26.1 million at quarter-end, plus $30.9 million restricted for claims, while liabilities subject to compromise dropped to $13.5 million after settlements. The Foxconn litigation presses on, with nine claims surviving dismissal. Cash burn remains the key watchpoint.
10-Q
Q2 FY2024 results
Nu Ride swung to an operating profit of $0.5M in Q2 2024 ended June 30, up sharply from a $153.6M loss y/y, thanks to a $2.0M legal settlement benefit offsetting $1.5M in administrative costs; yet YTD through June, it posted an $8.9M operating loss, milder than the $327.8M y/y drop, with no revenue after ceasing Endurance production in bankruptcy. Diluted EPS improved to $0.05 from -$9.69 y/y in Q2, but YTD landed at -$0.52 versus -$20.39, confirmed against 16M weighted shares with no anti-dilution flagged. Cash burned $24.7M in operations YTD, leaving $20.9M unrestricted plus $41.3M restricted for claims, while pursuing Foxconn litigation after a favorable August court ruling letting nine claims proceed. No debt burdens post-emergence. Litigation costs loom large.
AIEV
Thunder Power Holdings, Inc.
0.20-0.00
AIIO
Robo.ai Inc.
0.92-0.07
CENN
Cenntro Inc.
0.22-0.01
EVTV
Envirotech Vehicles, Inc.
1.50-0.04
LCID
Lucid Group, Inc.
18.02-0.09
NIO
NIO Inc.
7.14+0.05
NIU
Niu Technologies
4.20-0.05
RDNW
RideNow Group, Inc.
3.44-0.18
RIVN
Rivian Automotive, Inc.
13.71+0.21
UCAR
U Power Limited
1.90-0.03