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'Roaring Kitty' sparks meme stocks jump: Is the 2021 frenzy back?
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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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NYSE floor trader for over 30 years. Day trader, long-term investor, and anything in between.
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