NRDE
Nu Ride Inc.1.4700
+0.1500+11.4%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
23.66MP/E (TTM)
-Basic EPS (TTM)
-0.23Dividend Yield
0%Recent Filings
8-K
10-Q
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.
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