Faraday Future Intelligent Electric (FFIE)
.. $Faraday Future Intelligent Electric Inc.(FFIE.US$ some of the weakest fundamentals I've seen. The company has not reported since 2023 and the last quarter that the firm reported (Q3 of that year) the firm posted revenue of $551K, a gross profit of $-15.58M, an operating loss of $-66.447M and a net loss of $-78.046M. GAAP EPS printed at $-3.78, but that was up from $-23.67 a year earlier. For the first nine months of 2023, which is all we have, the firm generated operating cash flow of $-240.37M. Tack on $10.846M in capex spending and you are left with free cash flow of $-251.216M. The firm ended that quarter with a cash position of $8.567M (including restricted cash), $35.215M in inventories, and current assets of $127.301M Current liabilities printed at $191.153M, leaving the firm with an awful current ratio of 0.66 and an even worse quick ratio of 0.49. Did I mention that as of three weeks ago, 85% of the company's entire float was held in short positions.
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103559247 : Its at 95% shorted now and that squeeze is what we're after
Odette : Faraday Future Announces Quarterly Report Delay Over Form 10-K Issue - EV stop spreading outdated news.
helpful Loris_0547 : ?
Odette : The EV startup is currently appealing a delisting notice from Nasdaq after trading below $0.10 for ten consecutive days. Faraday Future appealed on the first day of May when it initiated a temporary suspension of its securities for 15 days — ending today.
KEY TAKE AWAY: The 5000 percent surge in the stock comes at a critical time for the company, enabling it to maintain its listing on Nasdaq as it now meets the requirements.
Bird007 : The thread starter, let's go to Tesla!