Polestar Reports Q3 Revenue $550.7 Million

Reuters

Jan 16, 2025

Jan 16 (Reuters) - Polestar Automotive Holding Uk Plc ::
*POLESTAR Q3 REVENUE $550.7 MILLION; Q3 ADJUSTED EBITDA $-180.5 MILLION
*POLESTAR: SEES MID-TEENS PERCENT FALL IN 2024 REVENUE & NEGATIVE GROSS MARGIN SAME AS 2023 LEVELS
*POLESTAR: SEES POSITIVE FREE CASH FLOW AFTER INVESTMENTS IN 2027
*POLESTAR: SEES 2025 - 2027 COMPOUND ANNUAL RETAIL SALES VOLUME GROWTH 30-35% & POSITIVE ADJUSTED EBITDA IN 2025
*POLESTAR: CONTINUES TO WORK WITH GEELY ON SECURING NEW EQUITY & DEBT FUNDING
*POLESTAR: CLUB-LOAN LENDERS TO AMEND REVENUE COVENANT FOR 2024 & WAIVE TESTING OF 2024 END & Q1 2025 DEBT RATIO COVENANT
*POLESTAR: SECURED OVER $800 MILLION IN LOAN FACILITIES IN DEC, WORKING ON SECURING ADDITIONAL FACILITY OF OVER $400 MILLION
*POLESTAR: TO RESTATE FY 2022, 2023, AND HY 2023, HY 2024 FINANCIAL STATEMENTS DUE TO UNDERREPORTING OF ASSETS & ACCRUED LIABILITIES
*POLESTAR: POLESTAR 5 LAUNCH IN 2025; POLESTAR 7 TO BE PRODUCED IN EUROPE

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 16-JAN-202512:00:09 GMT

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Q3 ADJUSTED EBITDA $-180.5 MILLION<br/>*POLESTAR: SEES MID-TEENS PERCENT FALL IN 2024 REVENUE &amp; NEGATIVE GROSS MARGIN SAME AS 2023 LEVELS<br/>*POLESTAR: SEES POSITIVE FREE CASH FLOW AFTER INVESTMENTS IN 2027<br/>*POLESTAR: SEES 2025 - 2027 COMPOUND ANNUAL RETAIL SALES VOLUME GROWTH 30-35% &amp; POSITIVE ADJUSTED EBITDA IN 2025<br/>*POLESTAR: CONTINUES TO WORK WITH GEELY ON SECURING NEW EQUITY &amp; DEBT FUNDING<br/>*POLESTAR: CLUB-LOAN LENDERS TO AMEND REVENUE COVENANT FOR 2024 &amp; WAIVE TESTING OF 2024 END &amp; Q1 2025 DEBT RATIO COVENANT<br/>*POLESTAR: SECURED OVER $800 MILLION IN LOAN FACILITIES IN DEC, WORKING ON SECURING ADDITIONAL FACILITY OF OVER $400 MILLION<br/>*POLESTAR: TO RESTATE FY 2022, 2023, AND HY 2023, HY 2024 FINANCIAL STATEMENTS DUE TO UNDERREPORTING OF ASSETS &amp; ACCRUED LIABILITIES<br/>*POLESTAR: POLESTAR 5 LAUNCH IN 2025; POLESTAR 7 TO BE PRODUCED IN EUROPE<br/><br/>  ((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))<br/>  Source Date/Time = 16-JAN-202512:00:09 GMT</a4n1y.f></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PSNY","symbol_name":"极星汽车","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250116:nRSD2K319k:1","article_id":"2503993020","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503993020","pubTimestamp":1737030172,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Jan 16 (Reuters) - Polestar Automotive Holding Uk Plc ::*POLESTAR Q3 REVENUE $550.7 MILLION; Q3 ADJUSTED EBITDA $-180.5 MILLION*POLESTAR: SEES MID-TEENS PERCENT FALL IN 2024 REVENUE & NEGATIVE GROSS M","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"PSNY":"极星汽车"},"translate_title":"Polestar报告第三季度营收5.507亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PSNY":0.9},"content_text":"Jan 16 (Reuters) - Polestar Automotive Holding Uk Plc ::*POLESTAR Q3 REVENUE $550.7 MILLION; Q3 ADJUSTED EBITDA $-180.5 MILLION*POLESTAR: SEES MID-TEENS PERCENT FALL IN 2024 REVENUE & NEGATIVE GROSS MARGIN SAME AS 2023 LEVELS*POLESTAR: SEES POSITIVE FREE CASH FLOW AFTER INVESTMENTS IN 2027*POLESTAR: SEES 2025 - 2027 COMPOUND ANNUAL RETAIL SALES VOLUME GROWTH 30-35% & POSITIVE ADJUSTED EBITDA IN 2025*POLESTAR: CONTINUES TO WORK WITH GEELY ON SECURING NEW EQUITY & DEBT FUNDING*POLESTAR: CLUB-LOAN LENDERS TO AMEND REVENUE COVENANT FOR 2024 & WAIVE TESTING OF 2024 END & Q1 2025 DEBT RATIO COVENANT*POLESTAR: SECURED OVER $800 MILLION IN LOAN FACILITIES IN DEC, WORKING ON SECURING ADDITIONAL FACILITY OF OVER $400 MILLION*POLESTAR: TO RESTATE FY 2022, 2023, AND HY 2023, HY 2024 FINANCIAL STATEMENTS DUE TO UNDERREPORTING OF ASSETS & ACCRUED LIABILITIES*POLESTAR: POLESTAR 5 LAUNCH IN 2025; 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