Libian Automotive It beat Wall Street’s fourth quarter revenue expectations and achieved its first gross quarter profit, a closely monitored target by investors, but it forecasts lower sales in 2025.
The electric car manufacturer reported gross profits in the final quarter of last year, including $170 million in production and sales, but not taking into account other expenses. Libian said he plans to achieve another “small gross profit” in 2025. It doesn’t say it expects to make a profit in the end.
Libian expects to reduce its adjusted losses from $1.7 billion to $1.9 billion in 2025, down from $2.69 billion in 2024. year.
Libyan shares rose about 7% during after-hours trading on Thursday, then levelled during the company’s quarterly revenue call. Stocks fell 2.3% at $13.61 per share.
Rivian CEO RJ Scaringe told CNBC there is a potential removal of “many uncertainties” surrounding the automotive industry, particularly federal incentives for tariff policy that could affect EVS and the company.
Shares of Libian, Tesla and Melucid in 2025.
“We believe that government policy and regulatory changes and challenging demand environments could impact expectations for 2025. Uncertainty persists, but focus on implementation for key value drivers He is confident in impressing the world in the long term, Libian said in a shareholder’s letter Thursday.
For guidance in 2025, Libian Chief Financial Officer Claire McDonough said that sales are expected to be removed, and that EBITDA’s expected hit “hundred millions of dollars” was “in the hundreds of millions of dollars” due to low sales. He said he considered “hundreds of millions of dollars.”
Libian said it expects capital expenditures of $1.6 billion to $1.7 billion, starting from $1.41 billion last year as it prepares to launch a new “R2” medium-sized vehicle in 2026. Illinois, Illinois, to recover later this year for new vehicles.
“We believe R2 is truly transformative for growth and profitability,” McDonough told investors during the revenue call.
Here’s how the company performed in the fourth quarter compared to the average estimates compiled by LSEG:
Loss per share: 46 cents vs 65 cents Loss expected revaluation: $1.73 billion vs 1.4 billion
Starting this quarterly report, Libian is breaking down “cars” and “software and services” units to gain additional transparency for investors. The automaker plans to continue growing its software business, including a new joint venture with German automaker Volkswagen.
Rivian’s quarterly gross profit and revenue supported $299 million and $214 million in software and service revenue from the sale of the regulatory units. Libian helps to meet emissions standards by selling regulatory units to other automakers, but future sales could be affected by such regulatory changes by the Trump administration.
The company’s fourth quarter net loss was $743 million, or 70 cents per share, compared to a loss of $1.52 billion ($1.58 per share) in the same period last year.
Over the year, Libian lost $4.75 billion, or $4.69 per share.
Rivian’s revenue in 2024 was $4.97 billion, up about 12% from $4.43 billion in 2023. Revenue for the fourth quarter increased by more than 31% from the previous year.
