Rivian (Rivn) Gains Q4 2024

Rivian Automotive Beat the profit expectations of the fourth quarter of Wall Street and reached their first gross quarterly benefit, a objective closely observed by investors, but forecast lower sales in 2025.

The electric vehicle manufacturer reported a gross gain, which includes production and sales, but does not take into account other expenses, of $ 170 million during the last quarter of last year. Rivian said he plans to achieve another “modest gross gain” in 2025. He has not said when he hopes to be profitable at the base of the base.

By 2025, Rivian also hopes to reduce its losses adjusted to a range of $ 1.7 billion to $ 1.9 billion, below a loss of $ 2.69 billion in 2024. The company predicted deliveries from 46,000 to 51,000 units by 2025, in Comparison with 51,579 vehicles delivered last year.

The Rivian CEO, RJ Scaringe, told CNBC that there is “much uncertainty” around the automotive industry, specifically the possible elimination of federal incentives for electric vehicles and Tariff policies That could affect the company.

“We believe that external factors could affect our expectations of 2025, including changes in government policies and regulations, and a challenging demand environment. While uncertainties persist, we continue to be focused on executing against our key value drivers and we trust to electrify to the long -term long -term world. “Rivian said on Thursday in A SHAREHOLDER.

Rivian said that he hopes that capital expenses this year are between $ 1.6 billion and $ 1.7 billion, compared to $ 1.41 billion last year as he prepares to launch his New medium vehicles “R2” In 2026.

This is how the company served in the fourth quarter, compared to the average estimates compiled by LSE:

• Loss by action: 46 cents in front of a loss of 65 expected cents
• Revenue: $ 1.73 billion compared to $ 1.4 billion expected

Rivian’s gross revenue and quarterly revenues were helped for $ 299 million from the sale of regulatory credits, as well as $ 214 million in software and services revenues. Rivian sells regulatory credits to other car manufacturers to help them meet emission standards, however, future sales could be affected by changes in such regulations by the Trump administration.

The company’s net loss for the fourth quarter was $ 743 million, or 70 cents per share, compared to a loss of $ 1.52 billion, or $ 1.58 per share, during the same period of the previous year.

For the whole year, Rivian lost $ 4.75 billion, or $ 4.69 per share.

Rivian 2024 revenues were $ 4.97 billion, approximately 12% of $ 4.43 billion in 2023. The revenues of the quarter quarter increased more than 31% since the previous period.