Fisker had 'approximately 65,000' reservations for the Ocean SUV, up slightly from 'over 62,000' as of its prior earnings report.
Fisker said previously that the Ocean would have about 350 miles of range in top trims, but CEO Henrik Fisker said Monday that early testing has shown the Ocean has more range than expected.
In base trim, the Ocean has about 250 miles of range and a starting price of $37,499; longer-range versions start at about $50,000. Fisker had "approximately 65,000" reservations for the Ocean as of Feb. 24, up slightly from "over 62,000" as of itsin early November. Because it will be built in Austria, the Ocean won't qualify for the new U.S. government EV incentives.
Fisker is targeting a positive gross profit margin between 8% and 12% for the year, and said that it may have positive earnings before interest, tax, depreciation, and amortization for the full year as well.was $170.1 million, or 54 cents per share, on revenue of about $306,000. Both were short of estimates: Wall Street analysts polled by Refinitv had expected a loss of 42 cents per share on revenue of $2.5 million.
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