Polestar Automotive Holding UK PLCPSNYEarnings & Financial Report
Polestar Automotive Holding UK PLC, or simply Polestar, is a Swedish automotive manufacturer that produces electric cars. Principally owned by Li Shufu's PSD Investment, Geely Holding and Volvo Cars, the company is headquartered in Torslanda, outside Gothenburg, Sweden. With an "asset-light" approach in development and manufacturing, Polestar does not have its own manufacturing facility; instead it produces cars in facilities controlled by Volvo or Geely in several countries, including China,...
PSNY Q2 FY2023 Key Financial Metrics
Revenue
$685.2M
Gross Profit
$-810.0K
Operating Profit
$-497.5M
Net Profit
$-304.1M
Gross Margin
-0.1%
Operating Margin
-72.6%
Net Margin
-44.4%
YoY Growth
N/A
EPS
$-0.14
Polestar Automotive Holding UK PLC Q2 FY2023 Financial Summary
Polestar Automotive Holding UK PLC reported revenue of $685.2M for Q2 FY2023, with a net profit of $-304.1M (-44.4% margin). Cost of goods sold was $686.1M, operating expenses totaled $496.7M.
Key Financial Metrics
| Total Revenue | $685.2M |
|---|---|
| Net Profit | $-304.1M |
| Gross Margin | -0.1% |
| Operating Margin | -72.6% |
| Report Period | Q2 FY2023 |
Income Statement
| Q2 2023 | |
|---|---|
| Revenue | $685.2M |
| YoY Growth | N/A |
Balance Sheet
| Q2 2023 | |
|---|---|
| Assets | $4.26B |
| Liabilities | $4.73B |
| Equity | $-456.3M |
Cash Flow
| Q2 2023 | |
|---|---|
| Operating CF | $-666.7M |