0001731289FALSE00017312892024-02-222024-02-22

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 22, 2024
Nikola Corporation
(Exact name of registrant as specified in its charter)
Delaware
(State or Other Jurisdiction of Incorporation)
001-38495
(Commission File Number)
82-4151153
(I.R.S. Employer
Identification No.)
    4141 E Broadway Road
    Phoenix, AZ    85040
    (Address of principal executive offices)    (Zip Code)

(480) 581-8888
(Registrant’s telephone number,
including area code)

N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240-13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading symbol(s) Name of each exchange on which registered
Common stock, $0.0001 par value per shareNKLAThe Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b–2 of the Securities Exchange Act of 1934 (§240.12b–2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐




Item 2.02 Results of Operations and Financial Condition.

On February 22, 2024, Nikola Corporation (the “Company”) issued a press release announcing its results of operations for its fiscal quarter and year ended December 31, 2023. A copy of the press release is furnished herewith as Exhibit 99.1 and is incorporated into this Item 2.02 by reference.

The information in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1, is intended to be furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No. Description
104Cover Page Interactive Data File (formatted as Inline XBRL).








SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


NIKOLA CORPORATION
Date: February 22, 2024By:/s/ Britton M. Worthen
Britton M. Worthen
Chief Legal Officer

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Nikola Corporation Reports Fourth Quarter and Full Year 2023 Results

Delivered the first production hydrogen fuel cell electric truck available in North America
Delivered 35 hydrogen fuel cell electric trucks in Q4 ending the period with no finished goods inventory
From October 2023 through January 31, 2024, 225 additional voucher requests have been submitted in Calif. for hydrogen fuel cell electric trucks, all for Nikola
Remain on track to get the first battery-electric trucks back into end user hands by the end of Q1
Opened first HYLA modular refueling station in Ontario, Calif. and announced partnership with FirstElement Fuel in Oakland, Calif. providing fleets with fueling solutions in Northern and Southern Calif.
During Q4 raised $230.3M, ending the year with $464.7M of unrestricted cash, highest unrestricted cash balance since Q4 2021
Added two additional reputable and seasoned board members with deep experience in trucking and energy
Jonathan Pertchik, former CEO of TravelCenters of America
Carla Tully, whose experience includes leading and scaling energy organizations across Fortune 150, private equity, and startups (appointed in February 2024

PHOENIX – February 22, 2024 -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today reported financial results and business updates for the fourth quarter and full year ended December 31, 2023.

“Today we’re sharing what we’ve accomplished and how we are providing fully integrated zero-emissions mobility solutions to fleets right now,” said Nikola President and CEO Steve Girsky. “We began delivering production hydrogen fuel cell electric trucks in Q4, fleets are fueling daily at our modular refueling station in Ontario, California, we continue to rack up HVIP vouchers, and we are on track to start getting our battery-electric trucks back to end users by the end of the first quarter.”

“In California, we have 99% of all the hydrogen fuel cell electric tractor HVIP vouchers requested in 2023 through January 2024,” Girsky continued. “There are more requests for our fuel cell truck alone than all other truck OEMs combined on both battery and hydrogen fuel cell electric trucks in the same period. It’s a testament to our market leading position, quality of our products, and the high level of Nikola fleet success. We are making the most of our head start and capitalizing on our first-mover advantage.”

Launch of the Hydrogen Fuel Cell Electric Truck and Hydrogen Refueling Ecosystem

In Q4 2023, we demonstrated our ability to produce, manufacture, and deliver the hydrogen fuel cell electric truck. We believe we have delivered the first production Class 8 hydrogen fuel cell truck available in North America. Fleets are operating the trucks daily, fueling at our first modular refueling site in Ontario, Calif. and our partner FirstElement Fuel’s station in Oakland, Calif.

Looking forward to 2024, we are focused on optimizing revenue and costs in our business, as we seek to scale hydrogen fuel cell electric truck production, secure additional modular refueling sites and deploy modular fuelers to support fleets and bring the battery-electric product back to the marketplace.

Hydrogen Fuel Cell Electric Truck

In Q4 2023, we delivered what we believe is the first production hydrogen fuel cell electric truck available in North America. We produced 42, delivering 35 of those to dealers and reserved seven for continued testing and fleet demos. Every truck delivered to dealers is spoken for by an end user, some of which are already utilizing the trucks in operations daily. End users include:

Long standing partner Biagi Bros.
IMC Logistics, the largest marine drayage company in the U.S.
4 Gen / Duncan and Sons Lines
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Alberta Motor Transport Association
Coyote Container

In Calif. 99% (355 of 360) of the hydrogen fuel cell electric HVIP vouchers requested in 2023 through January 2024 are for our hydrogen fuel cell electric truck. We continue to build a strong sales funnel as our sales team works in conjunction with dealers. Initial fleet feedback on truck performance has been positive. Coyote Container completed an 866-mile round trip haul between The Port of Oakland, Port of Long Beach, HYLA Ontario refueling station, and returned to Oakland, stopping for only one refuel.

Battery-Electric Truck

We remain on track to deliver the first re-worked battery-electric trucks with new battery packs back to end users by the end of Q1 and believe all trucks will be returned to end user fleets by the end of Q2 or early Q3. Once end user trucks have been returned, we plan to begin retrofitting the remaining battery-electric trucks in Nikola inventory and selling them for revenue in late Q3 or early Q4.

Since October 2023, there have been 33 additional HVIP voucher requests for the battery-electric truck in Calif. In addition to new battery packs from an alternative supplier, what we call the BEV “2.0” is expected to have a number of additional enhancements, some available upon release and some to be implemented over time, which further improve the trucks capabilities. Some of the improvements include an updated instrument display, a more user-friendly mobile app, and scheduled departure charging to ensure maximum state of charge when a driver begins their route. In addition to the new packs and features, we also expect the trucks will be lighter, improving payload capacity.

Energy

We recently announced the opening of our first HYLA modular refueling station in Ontario, Calif., as well as our collaboration with FirstElement Fuel for fleets to use their refueling station in Oakland, Calif. Fleets are utilizing both fueling locations and hauling freight between Southern and Northern Calif.

Our HYLA team is working to secure additional fueling sites throughout Calif., and believes we have line of sight to secure an additional six in Southern Calif. and three in Northern Calif. in 2024. The HYLA station development strategy is to deploy modular fueling assets as truck network density is amassed in the region. Once truck density is amassed, fixed stations can be constructed and placed into service. Upon the completion of fixed station infrastructure, modular fuelers can be redeployed to a new geography and the cycle can be replicated. We believe the modular refueling strategy allows us to be nimble and rapidly enter new markets, while remaining capital efficient.


















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Fourth Quarter and Full Year Financial Highlights

Three Months Ended
December 31,
Years Ended
December 31,
(In thousands, except share, per share and truck data)
2023202220232022
Trucks produced42 133 138 258 
Trucks shipped35 20 114 131 
Total revenues$11,532 $5,463 $35,839 $49,725 
Gross profit (loss)$(38,236)$(26,974)$(214,067)$(85,969)
Gross margin(332)%(494)%(597)%(173)%
Net loss from continuing operations$(153,596)$(175,966)$(864,621)$(738,138)
Net loss$(153,596)$(222,066)$(966,282)$(784,238)
Adjusted EBITDA (1)
$(102,031)$(131,489)$(519,348)$(414,894)
Net loss from continuing operations per share, basic and diluted$(0.14)$(0.36)$(1.08)$(1.67)
Non-GAAP net loss per share, basic and diluted(1)
$(0.11)$(0.30)$(0.79)$(1.03)
Weighted-average shares outstanding, basic and diluted1,078,090,959 487,551,035 800,030,551 441,800,499 
(1) A reconciliation of the non-GAAP information is provided below in the financial statement tables in the press release.

Webcast and Conference Call Information

Nikola will host a webcast to discuss its fourth quarter and full year 2023 results and business progress at 7:30 a.m. Pacific Time (10:30 a.m. Eastern Time) on February 22, 2024. To access the webcast, parties in the United States should follow this link: https://www.webcast-eqs.com/nikola20240222/en.

The live audio webcast, along with supplemental information, will be accessible on the Company's Investor Relations website at https://nikolamotor.com/investors/news?active=events. A recording of the webcast will also be available following the earnings call.

About Nikola Corporation

Nikola Corporation's mission is clear: pioneering solutions for a zero-emissions world. As an integrated truck and energy company, Nikola is transforming commercial transportation, with our Class 8 vehicles, including battery-electric and hydrogen fuel cell electric trucks, and our energy brand, HYLA, driving the advancement of the complete hydrogen refueling ecosystem, covering supply, distribution and dispensing. Nikola headquarters is based in Phoenix, Arizona with a manufacturing facility in Coolidge, Arizona.

For more information visit our website Facebook @nikolamotorcompany, Instagram @nikolamotorcompany, YouTube @nikolamotorcompany, LinkedIn @nikolamotorcompany or Twitter @nikolamotor.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of federal securities laws with respect to Nikola Corporation (the "Company"), including statements relating to: the Company's future financial and business performance, business plan, strategy, focus, opportunities and milestones; expected orders and customer demand for trucks; the Company’s beliefs regarding competition and that it has competitive and first-mover advantage; the Company’s business outlook; the Company’s expectations regarding hydrogen supply and plans to secure adequate hydrogen supply; expected benefits of the modular refueling strategy; expectations related to the battery-electric truck recall, including the nature of the repairs, the Company’s expectations regarding the trucks, and timing of battery replacement and truck deliveries and sales; the Company’s sales efforts; and government incentives and expectations regarding customer demand related to such incentives. These forward-looking statements generally are identified by words such as "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," and similar expressions. Forward-looking statements are predictions,
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projections, and other statements about future events based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: successful execution of the Company’s business plan; design and manufacturing changes and delays, including global shortages in parts and materials and other supply challenges; general economic, financial, legal, regulatory, political and business conditions and changes in domestic and foreign markets; demand for and customer acceptance of the Company’s trucks and hydrogen refueling solutions; the results of customer pilot testing; the execution and terms of definitive agreements with strategic partners and customers; the failure to convert LOIs or MOUs into binding orders; the cancellation of orders; risks associated with development and testing of fuel cell power modules and hydrogen storage systems; risks related to the recall, including higher than expected costs, the discovery of additional problems, delays retrofitting the trucks and delivering such trucks to customers, supply chain and other issues that may create additional delays, order cancellations as a result of the recall, litigation, complaints and/or product liability claims, and reputational harm; risks related to the rollout of the Company’s business and milestones and the timing of expected business milestones; the effects of competition on the Company’s business; the Company’s ability to raise capital; the Company’s ability to achieve cost reductions and decrease its cash usage; the grant, receipt and continued availability of federal and state incentives; the completion of the 2023 audit and any related adjustments to financial results; and the factors, risks and uncertainties regarding the Company's business described in the "Risk Factors" section of the Company's quarterly report on Form 10-Q for the quarter ended September 30, 2023 filed with the SEC, in addition to the Company's subsequent filings with the SEC. These filings identify and address other important risks and uncertainties that could cause the Company's actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

Use of Non-GAAP Financial Measures

This press release references Adjusted EBITDA and non-GAAP net loss per share, basic and diluted, all of which are non-GAAP financial measures and are presented as supplemental measures of the Company's performance. The Company defines Adjusted EBITDA as earnings before interest expense, taxes, depreciation and amortization, stock-based compensation expense, and certain other items determined by the Company. Non-GAAP net loss is defined as net loss adjusted for stock-based compensation expense and certain other items determined by the Company. Non-GAAP net loss per share, basic and diluted is defined as non-GAAP net loss divided by weighted average basic and diluted shares outstanding. These non-GAAP measures are not substitutes for or superior to measures of financial performance prepared in accordance with generally accepted accounting principles in the United States (GAAP) and should not be considered as an alternative to any other performance measures derived in accordance with GAAP.

The Company believes that presenting these non-GAAP measures provides useful supplemental information to investors about the Company in understanding and evaluating its operating results, enhancing the overall understanding of its past performance and future prospects, and allowing for greater transparency with respect to key financial metrics used by its management in financial and operational-decision making. However, there are a number of limitations related to the use of non-GAAP measures and their nearest GAAP equivalents. For example, other companies may calculate non-GAAP measures differently or may use other measures to calculate their financial performance, and therefore any non-GAAP measures the Company uses may not be directly comparable to similarly titled measures of other companies.





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CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except share and per share data) (unaudited)

Three Months Ended December 31, Years Ended December 31,
2023202220232022
Revenues:
Truck sales$10,368 $4,695 $30,061 $45,931 
Service and other1,164 768 5,778 3,794 
Total revenues11,532 5,463 35,839 49,725 
Cost of revenues:
Truck sales46,617 31,695 242,519 132,556 
Service and other3,151 742 7,387 3,138 
Total cost of revenues49,768 32,437 249,906 135,694 
Gross loss
(38,236)(26,974)(214,067)(85,969)
Operating expenses:
Research and development39,874 66,134 208,160 270,480 
Selling, general and administrative39,325 56,270 198,768 346,186 
Loss on supplier deposits
10,401 — 28,834 — 
Total operating expenses89,600 122,404 435,762 616,666 
Loss from operations(127,836)(149,378)(649,829)(702,635)
Other income (expense):
Interest expense, net
(4,761)(6,958)(76,023)(17,712)
Revaluation of warrant liability56 410 371 3,903 
Gain on divestiture of affiliate— — 70,849 — 
Loss on debt extinguishment(10,663)— (31,025)— 
Other income (expense), net(10,250)(5,446)(162,534)(1,023)
Loss before income taxes and equity in net loss of affiliates(153,454)(161,372)(848,191)(717,467)
Income tax expense
11 12 
Loss before equity in net loss of affiliates$(153,465)$(161,375)$(848,203)$(717,473)
Equity in net loss of affiliates(131)(14,591)(16,418)(20,665)
Net loss from continuing operations
$(153,596)$(175,966)$(864,621)$(738,138)
Discontinued operations:
Loss from discontinued operations— (46,100)(76,726)(46,100)
Loss from deconsolidation of discontinued operations— — (24,935)— 
Net loss from discontinued operations— (46,100)(101,661)(46,100)
Net loss
$(153,596)$(222,066)$(966,282)$(784,238)
Basic net loss per share:
Net loss from continuing operations$(0.14)$(0.36)$(1.08)$(1.67)
Net loss from discontinued operations— (0.10)(0.13)(0.11)
Net loss$(0.14)$(0.46)$(1.21)$(1.78)
Diluted net loss per share:
Net loss$(0.14)$(0.46)$(1.21)$(1.78)
Weighted-average shares outstanding, basic and diluted1,078,090,959 487,551,035 800,030,551 441,800,499 






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Includes stock-based compensation as follows:
Three Months Ended December 31,Years Ended December 31,
2023202220232022
Cost of revenues$362 $2,779 $2,175 $2,779 
Research and development3,170 6,837 22,213 34,949 
Selling, general, and administrative2,943 31,615 51,003 214,717 
Total stock-based compensation$6,475 $41,231 $75,391 $252,445 



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CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data) (unaudited)
December 31,
20232022
Assets
Current assets
Cash and cash equivalents
$464,715 $225,850 
Restricted cash and cash equivalents
1,224 10,600 
Accounts receivable, net
17,974 31,638 
Inventory62,588 111,870 
Prepaid expenses and other current assets
25,911 27,943 
Assets subject to assignment for the benefit of creditors, current portion— 29,025 
Total current assets
572,412 436,926 
Restricted cash and cash equivalents
28,026 77,459 
Long-term deposits
14,954 34,279 
Property, plant and equipment, net
503,416 417,785 
Intangible assets, net
85,860 92,473 
Investment in affiliates57,062 62,816 
Goodwill
5,238 6,688 
Other assets7,889 8,107 
Assets subject to assignment for the benefit of creditors— 100,125 
Total assets
$1,274,857 $1,236,658 
Liabilities and stockholders' equity
Current liabilities
Accounts payable
$44,133 $93,242 
Accrued expenses and other current liabilities
207,022 179,571 
Debt and finance lease liabilities, current8,950 61,675 
Liabilities subject to assignment for the benefit of creditors, current portion
— 49,102 
Total current liabilities
260,105 383,590 
Long-term debt and finance lease liabilities, net of current portion269,279 290,128 
Operating lease liabilities4,765 6,091 
Other long-term liabilities21,512 6,684 
Deferred tax liabilities, net
22 15 
Liabilities subject to assignment for the benefit of creditors— 23,671 
Total liabilities
555,683 710,179 
Commitments and contingencies
Stockholders' equity
Preferred stock— — 
Common stock133 51 
Additional paid-in capital
3,790,272 2,562,855 
Accumulated deficit
(3,071,069)(2,034,850)
Accumulated other comprehensive loss
(162)(1,577)
Total stockholders' equity
719,174 526,479 
Total liabilities and stockholders' equity
$1,274,857 $1,236,658 



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CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands) (unaudited)
Years Ended December 31,
20232022
Cash flows from operating activities
Net loss$(966,282)$(784,238)
Less: Loss from discontinued operations(101,661)(46,100)
Loss from continuing operations(864,621)(738,138)
Adjustments to reconcile net loss from continuing operations to net cash used in operating activities:
Depreciation and amortization35,890 22,765 
Stock-based compensation75,391 252,445 
Equity in net loss of affiliates16,418 20,665 
Revaluation of financial instruments205,589 (174)
Revaluation of contingent stock consideration(43,981)— 
Inventory write-downs71,218 19,705 
Non-cash interest expense79,201 15,481 
Loss on supplier deposits28,834 — 
Gain on divestiture of affiliate(70,849)— 
Loss on debt extinguishment31,025 — 
Other non-cash activity4,343 873 
Changes in operating assets and liabilities:
Accounts receivable, net13,665 (31,638)
Inventory(23,756)(141,168)
Prepaid expenses and other current assets(44,732)(27,681)
Long-term deposits(1,377)(4,306)
Other assets(1,530)(912)
Accounts payable, accrued expenses and other current liabilities(14,613)29,669 
Operating lease liabilities(2,009)(843)
Other long-term liabilities9,716 1,694 
Net cash used in operating activities(496,178)(581,563)
Cash flows from investing activities
Purchases and deposits for property, plant and equipment(120,516)(168,257)
Divestiture of affiliates
36,000 — 
Proceeds from the sale of assets
20,742 18 
Payments to assignee
(2,725)— 
Investments in affiliates(250)(23,027)
Issuance of senior secured note receivable and prepaid acquisition-related consideration— (27,791)
Settlement of price differentials
— (6,588)
Net cash used in investing activities(66,749)(225,645)

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Cash flows from financing activities
Proceeds from the exercise of stock options7,395 6,867 
Proceeds from issuance of shares under the Tumim Purchase Agreements
67,587 123,672 
Proceeds from registered direct offering, net of underwriter's discount63,246 — 
Proceeds from public offerings, net of underwriter's discount
128,152 — 
Proceeds from issuances of convertible debt instruments, net of discount and issuance costs
386,733 233,214 
Proceeds from issuance of common stock under Equity Distribution Agreement, net of commissions paid115,893 165,143 
Proceeds from issuance of debt, promissory notes and notes payable, net of issuance costs— 54,000 
Proceeds from issuance of financing obligations, net of issuance costs56,148 44,823 
Proceeds from insurance premium financing5,223 6,637 
Payment for Coupon Make-Whole Premiums
(35,241)— 
Repayment of debt, promissory notes and notes payable(45,469)(30,526)
Payments on insurance premium financing(5,369)(4,638)
Payments on finance lease liabilities and financing obligation(1,315)(316)
Net cash provided by financing activities742,983 598,876 
Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents180,056 (208,332)
Cash and cash equivalents, including restricted cash and cash equivalents, beginning of period313,909 522,241 
Cash and cash equivalents, including restricted cash and cash equivalents, end of period$493,965 $313,909 
Cash flows from discontinued operations:
Operating activities(4,964)4,857 
Investing activities(1,804)(2,469)
Financing activities(572)(198)
Net cash provided by (used in) discontinued operations$(7,340)$2,190 
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Reconciliation of GAAP Financial Metrics to Non-GAAP
(In thousands, except share and per share data) (unaudited)

Reconciliation of Net Loss from continuing operations to EBITDA and Adjusted EBITDA
Three Months Ended December 31,Years Ended December 31,
2023202220232022
Net loss from continuing operations$(153,596)$(175,966)$(864,621)$(738,138)
Interest expense, net4,761 6,958 76,023 17,712 
Income tax expense11 12 
Depreciation and amortization7,132 6,293 35,890 22,765 
EBITDA(141,692)(162,712)(752,696)(697,655)
Stock-based compensation6,475 41,231 75,391 252,445 
Loss on supplier deposits10,401 — 28,834 — 
Gain on divestiture of affiliates
— — (70,849)— 
Loss on debt extinguishment10,663 — 31,025 — 
Revaluation of financial instruments10,457 (81)161,608 (174)
Romeo Acquisition transaction costs— 5,218 — 7,315 
Regulatory and legal matters (1)
1,665 (15,145)7,339 23,175 
Adjusted EBITDA$(102,031)$(131,489)$(519,348)$(414,894)
(1 Regulatory and legal matters include legal, advisory and other professional service fees incurred in connection with the short-seller article from September 2020, and investigations and litigation related thereto.
Reconciliation of GAAP to Non-GAAP Net Loss, and GAAP to Non-GAAP Net Loss per Share, basic and diluted
Three Months Ended December 31,Years Ended December 31,
2023202220232022
Net loss from continuing operations$(153,596)$(175,966)$(864,621)$(738,138)
Stock-based compensation6,475 41,231 75,391 252,445 
Loss on supplier deposits10,401 — 28,834 — 
Gain on divestiture of affiliate— — (70,849)— 
Loss on debt extinguishment10,663 — 31,025 — 
Revaluation of financial instruments10,457 (81)161,608 (174)
Romeo Acquisition transaction costs— 5,218 — 7,315 
Regulatory and legal matters (1)
1,665 (15,145)7,339 23,175 
Non-GAAP net loss$(113,935)$(144,743)$(631,273)$(455,377)
Non-GAAP net loss per share:
Basic$(0.11)$(0.30)$(0.79)$(1.03)
Diluted$(0.11)$(0.30)$(0.79)$(1.03)
Weighted average shares outstanding:
Basic1,078,090,959 487,551,035 800,030,551 441,800,499 
Diluted1,078,090,959 487,551,035 800,030,551 441,800,499 
(1) Regulatory and legal matters include legal, advisory and other professional service fees incurred in connection with the short-seller article from September 2020, and investigations and litigation related thereto.
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Reconciliation of Cash flows to Adjusted free cash flow
Three Months Ended December 31,Years Ended December 31,
2023202220232022
Most comparable GAAP measure:
Net cash used for operating activities$(117,754)$(150,104)$(496,178)$(581,563)
Net cash used for investing activities(11,107)(55,702)(66,749)(225,645)
Net cash provided by financing activities230,726 115,925 742,983 598,876 
Non-GAAP measure:
Net cash used for operating activities(117,754)(150,104)(496,178)(581,563)
Purchases of property, plant and equipment(12,107)(49,821)(120,516)(168,257)
Adjusted free cash flow$(129,861)$(199,925)$(616,694)$(749,820)


INVESTOR INQUIRIES:

investors@nikolamotor.com
11
v3.24.0.1
Cover
Feb. 22, 2024
Cover [Abstract]  
Document Type 8-K
Document Period End Date Feb. 22, 2024
Entity Registrant Name Nikola Corporation
Entity Incorporation, State or Country Code DE
Entity File Number 001-38495
Entity Tax Identification Number 82-4151153
Entity Address, Address Line One 4141 E Broadway Road
Entity Address, City or Town Phoenix
Entity Address, State or Province AZ
Entity Address, Postal Zip Code 85040
Local Phone Number 480
City Area Code 581-8888
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common stock, $0.0001 par value per share
Trading Symbol NKLA
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
Entity Central Index Key 0001731289
Amendment Flag false

Nikola (NASDAQ:NKLA)
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부터 3월(3) 2024 으로 4월(4) 2024 Nikola 차트를 더 보려면 여기를 클릭.
Nikola (NASDAQ:NKLA)
과거 데이터 주식 차트
부터 4월(4) 2023 으로 4월(4) 2024 Nikola 차트를 더 보려면 여기를 클릭.