Fri, Mar 28, 8:19 PM (30 days ago)
**Nu Ride Inc. (NRDE) - Financial Performance Summary** **Financial Performance:** - **Revenue:** No sales or cost of sales for the year ended December 31, 2024. - **Net Income:** Net loss of $8.1 million for the year ended December 31, 2024. - **Operating Expenses:** Total operating expense of $10.8 million for the year ended December 31, 2024. - **Earnings per Share (EPS):** Basic and diluted net loss per share attributable to common shareholders of $0.67 for the year ended December 31, 2024. **Strategic Overview:** - **Post-Bankruptcy Operations:** Focus on claims administration, Foxconn litigation, and potential strategic alternatives. - **Litigation:** Ongoing Foxconn litigation with uncertain outcomes and significant legal expenses. - **Market Position:** Trading on the OTC Pink Marketplace under the symbol "NRDE," with limited liquidity and speculative trading. **Future Outlook:** - **Strategic Alternatives:** Potential business combinations or strategic alliances to create value. - **Risk Factors:** Significant risks include litigation outcomes, regulatory actions, and market volatility. - **Financial Condition:** Dependent on resolving claims, litigation outcomes, and potential strategic transactions. **Risk Factors:** - **Operational Risks:** Limited operations and assets, dependence on litigation outcomes, and regulatory compliance. - **Financial Risks:** Significant contingent liabilities, potential insurance coverage issues, and market volatility. - **Market Risks:** Trading on an over-the-counter market with limited liquidity and speculative trading. **Market Position Changes:** - **Trading Symbol:** Changed from "RIDEQ" to "NRDE" upon emergence from bankruptcy. - **Market Quotations:** Reflect inter-dealer prices without retail mark-up, mark-down, or commission. **Note:** Amounts are usually in thousands, 000s.