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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Rivian Automotive Inc | NASDAQ:RIVN | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.3102 | -3.43% | 8.7298 | 8.72 | 8.73 | 9.20 | 8.6933 | 9.16 | 34,469,171 | 22:56:29 |
From Apr 2021 to Apr 2024
By Kimberly Chin
Rivian Automotive Inc. said its loss widened in the fourth quarter as expenses rose.
The electric-truck startup said its loss attributable to common shareholders widened to $2.46 billion from $354 million in the year-earlier period. On a per-share basis, the loss was $4.83, compared with $3.50 a year ago.
Research and development expenses ballooned to $726 million from $255 million a year earlier. Selling, general and administrative expenses rose to $682 million from $98 million in the prior year.
The company recorded $54 million in revenue. In the same period a year earlier, it didn't post any revenue. Analysts were expecting $60.5 million in revenue, according to FactSet
Rivian said it delivered 909 vehicles in the quarter.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
March 10, 2022 17:07 ET (22:07 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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