Nikola corporation reports first quarter 2023 results

Reprioritizing and refocusing the company on north america, hydrogen fuel cell electric truck, hyla hydrogen refueling business, and autonomous technologies orders received from 12 customers for 140 nikola hydrogen fuel cell electric trucks in may, executed joint development agreement with voltera to develop up to 50 hyla hydrogen refueling stations reported gaap net loss per share of $0.31 and non-gaap net loss per share of $0.26 for q1 2023 realigning cost structure with new business focus, reducing spend and cash burn substantial gross margin improvement from q4 2022 to q1 2023 building sales momentum with 31 wholesale deliveries to dealers and 33 retail sales from dealers to end customers phoenix , may 9, 2023 /prnewswire/ -- nikola corporation (nasdaq: nkla), a global leader in zero-emissions transportation solutions, today reported financial results and business updates for the quarter ended march 31, 2023. "nikola had a very solid quarter, building sales momentum with class 8 battery electric truck deliveries to customers, and orders for 140 hydrogen fuel cell trucks from customers," said nikola ceo michael lohscheller.
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