R*******9
发帖数: 996 | 1 short interest is so high!? | p****t
发帖数: 1787 | 2 There are lots of square-minded folks hate new technology. Once they have
such a mind-set, it is very hard to steer them around until hitting a wall,
and hit hard. | a****n
发帖数: 1109 | | o*****r
发帖数: 109 | | o*****r
发帖数: 109 | 5 GAAP profitable even without the benefit of a one-time gain
Cash balance increased, despite making DOE loan payment
Record sales of $562 million, up 83% from last quarter
4,900 vehicles delivered
Gross margin doubled from last quarter to 17%
U.S. demand expected to exceed 15,000/year; global demand likely
above 30,000/year | o*****r
发帖数: 109 | 6 Q1 non-GAAP net income was $15 million, and $11.2 million on a GAAP basis.
Non-GAAP basic EPS was $0.13 and $0.10 on a GAAP basis, using 114.7 million
weighted shares outstanding. On a fully diluted basis, non-GAAP EPS was $0.
12. GAAP diluted EPS was $0.00, as net income has been adjusted to exclude
the one-time non-cash gain of $10.7 million from the elimination of our
Department of Energy (DoE) warrant liability as required under GAAP.
Our total cash was $231 million at quarter end, an increase of $10 million
from last quarter, despite making the second quarterly principal repayment
of almost $13 million on our DoE loan. Total cash includes short term
restricted cash set aside primarily for the next DoE loan payment due in
June 2013, and excludes noncurrent restricted cash. | o*****r
发帖数: 109 | 7 Outlook
While we expect to build about 5,000 Model S vehicles in Q2, some cars will
be in transit to Europe for start of deliveries in Q3. As a result, we
expect to deliver slightly over 4,500 vehicles during Q2, all in North
America. For the full year of 2013, we expect to exceed our prior target of
20,000 worldwide deliveries and feel comfortable raising guidance to about
21,000 deliveries. |
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