PHOENIX - Nikola (NASDAQ:NKLA) Corporation (NASDAQ:NKLA), known for its zero-emission vehicle and energy solutions, has scheduled the release of its fourth quarter and full year financial results for December 31, 2023, on Thursday, February 22, 2024. The announcement will be accompanied by a conference call and webcast at 10:30 a.m. ET to discuss the company's performance and future prospects.
In a move to enhance shareholder engagement, Nikola is introducing a new Q&A platform provided by Say Technologies. This platform will allow both retail and institutional investors to submit and prioritize questions starting from February 14, 2024. Management plans to address these investor inquiries during the earnings call. The Q&A submission window will close a week later on February 21, 2024.
Investors interested in participating can submit their questions through the Say Technologies website. Additionally, the live webcast and its replay will be available through a link on Nikola's investor relations webpage.
Nikola Corporation, with its headquarters in Phoenix, Arizona, and a manufacturing facility in Coolidge, Arizona, is focused on the production of Class 8 battery-electric and hydrogen fuel cell electric trucks. The company's energy brand, HYLA, is dedicated to developing the hydrogen refueling infrastructure necessary for the adoption of zero-emission transportation.
This announcement is based on a press release statement and aims to provide shareholders and the public with key information regarding Nikola's upcoming financial disclosures and the opportunity for investor dialogue.
InvestingPro Insights
As Nikola Corporation (NASDAQ:NKLA) prepares to unveil its financial results, investors and analysts are closely monitoring the company's performance indicators. According to InvestingPro data, Nikola has a market capitalization of approximately $754.43M. The company's revenue for the last twelve months as of Q3 2023 stands at $30.87M, reflecting a notable decline of 30.26%. This decrease is further emphasized by a quarterly revenue growth of -107.14% in Q3 2023. With a negative gross profit margin of -717.83%, the figures suggest substantial challenges in profitability and cost management.
In light of these figures, two critical InvestingPro Tips for Nikola include the company's struggle with weak gross profit margins and the analysts' forecast of a sales decline in the current year. These insights are particularly relevant as they directly affect the company's bottom line and future growth prospects.
Nikola's stock price has also experienced significant volatility, as indicated by a 1-month price total return of -26.42% and a 6-month return of -73.93%, signaling a rough period for the company's market valuation. For investors seeking a more comprehensive analysis, InvestingPro offers a suite of additional tips, with a total of 18 unique insights available for Nikola Corporation at https://www.investing.com/pro/NKLA.
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