Categories AlphaGraphs, Industrials

NIO Earnings: Nio Q4 2023 revenues increase; deliveries up 25%

Electric car maker NIO Inc. (NYSE: NIO) reported a net loss for the fourth quarter of 2023, despite an increase in revenues. The China-based company also provided guidance for the first quarter of 2024.

Nio Q4 2023 earnings infographic

Net loss attributable to ordinary shareholders was $756.0 million in the December quarter, which represents a loss of $0.45 per American Depository Shares. On an adjusted basis, Q4 loss was $676.3 million.

Meanwhile, revenues increased 7% year-over-year to $2.41 billion in the three months. The company delivered 50,045 vehicles in the fourth quarter, up 25% year-over-year.

“We will soon start deliveries of 2024 NIO products equipped with the highest computing power among production vehicles and constantly enhance users’ driving and digital experience. Meanwhile, we plan to release Navigate on Pilot Plus (NOP+) for urban roads to all NT2.0 users in the second quarter,” said Nio’s CEO William Bin Li.

Prior Performance

  • Nio Q3 2023 earnings infographic

Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.

Most Popular

PG Earnings: Procter & Gamble Q3 profit climbs, beats estimates

Consumer goods behemoth The Procter & Gamble Company (NYSE: PG) announced financial results for the third quarter of 2024, reporting a double-digit growth in net profit. Sales rose modestly. Core

AXP Earnings: All you need to know about American Express’ Q1 2024 earnings results

American Express Company (NYSE: AXP) reported its first quarter 2024 earnings results today. Consolidated total revenues, net of interest expense, increased 11% year-over-year to $15.8 billion, driven mainly by higher

Netflix (NFLX) Q1 2024 profit tops expectations; adds 9.3Mln subscribers

Streaming giant Netflix, Inc. (NASDAQ: NFLX) Thursday reported a sharp increase in net profit for the first quarter of 2024. Revenues were up 15% year-over-year. Both numbers exceeded Wall Street's

Add Comment
Viewing Highlight