Fisker Announces Timing of First Quarter 2022 Results and Webcast and Appoints New Vice President of Investor Relations

Rhea-AI Summary

Fisker Inc. (NYSE: FSR) is set to report its first quarter financial results on May 4, 2022, following which a conference call will occur at 2 p.m. PT (5 p.m. ET). The call will feature key executives, including Henrik Fisker, the company’s CEO. Additionally, Frank Boroch has been appointed Vice President of Investor Relations effective April 11, 2022. Fisker is on track to begin production of its all-electric Fisker Ocean in November 2022.

Positive

• Appointment of Frank Boroch as Vice President of Investor Relations may enhance investor communication.
• On track to start production of Fisker Ocean in November 2022, potentially boosting future revenues.

Negative

• Concerns regarding Fisker's long-term operational viability given its limited operating history.
• Risks related to production delays and reliance on OEM and supply partners for manufacturing.

LOS ANGELES--(BUSINESS WIRE)-- Fisker Inc. (NYSE: FSR, or "Fisker") – passionate creator of the world's most sustainable electric vehicles and advanced mobility solutions – announced that it will report its first quarter 2022 financial results after market close on Wednesday, May 4, 2022. The release will be followed by a conference call at 2 p.m. PT (5 p.m. ET). Speakers on the call will be Henrik Fisker, Chairman and Chief Executive Officer; Dr. Geeta Gupta-Fisker, Chief Operating Officer and Chief Financial Officer; and Dr. Burkhard Huhnke, Chief Technology Officer of Fisker Inc.

Designed to be the most sustainable SUV on Earth, the Fisker Ocean features a beautifully crafted interior with ethically sourced, upcycled materials throughout. The eco-friendly cabin welcomes you with high-grade upholstery, carpets, and interior details made from recycled plastic bottles and other recycled plastics. By using recycled source material wherever possible, we lower the carbon footprint of manufacturing these fabrics. The Fisker Ocean's rotating center touchscreen has the power to swivel from a Control Mode – a portrait view - to Hollywood Mode – a landscape 16:9 widescreen format allowing you to enjoy movies and videos, complete with 360° sound, in an immersive cinematic experience. (Photo: Business Wire)

The company is also pleased to announce the appointment of Frank Boroch as Vice President of Investor Relations and Treasury on April 11, 2022. Frank is based in Fisker’s Manhattan Beach, CA headquarters.

The first quarter 2022 results conference call can be accessed via a live webcast accessible on the Events and Presentations page of Fisker’s Investor Relations website: https://investors.fiskerinc.com/. An archive of the webcast will be available shortly after the call and will remain on the website for 12 months thereafter.

In addition, Fisker will once again provide shareholders the opportunity to submit and upvote questions to management through a shareholder Q&A platform. To submit questions ahead of earnings, please visit the Say platform here; shareholders at brokers with Say can participate directly in their investing app or broker website. The Q&A platform will remain open until 24 hours before the earnings call and can also be accessed in the Events & Presentations section of Fisker’s IR website. Management intends to respond to a selection of questions during the Q&A portion of the call.

Fisker remains on target to start production of the all-electric Fisker Ocean in November 2022.

About Fisker Inc.

California-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable and eco-friendly electric vehicles on Earth. Passionately driven by a vision of a clean future for all, the company is on a mission to become the No. 1 e-mobility service provider with the world’s most sustainable vehicles. To learn more, visit www.FiskerInc.com – and enjoy exclusive content across Fisker’s social media channels: Facebook, Instagram, Twitter, YouTube and LinkedIn. Download the revolutionary new Fisker mobile app from the App Store or Google Play store.

Forward-Looking Statements

This press release includes forward-looking statements, which are subject to the “safe harbor” provisions of the US Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “feel,” “believes,” expects,” “estimates,” “projects,” “intends,” “should,” “is to be,” or the negative of such terms, or other comparable terminology and include, among other things, statements regarding the Company’s strategy and other future events that involve risks and uncertainties. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: Fisker’s limited operating history; Fisker’s ability to enter into additional manufacturing and other contracts with Magna, or other OEMs or tier-one suppliers in order to execute on its business plan; the risk that OEM and supply partners do not meet agreed upon timelines or experience capacity constraints; Fisker may experience significant delays in the design, manufacture, regulatory approval, launch and financing of its vehicles; Fisker’s ability to execute its business model, including market acceptance of its planned products and services; Fisker’s inability to retain key personnel and to hire additional personnel; competition in the electric vehicle market; Fisker’s inability to develop a sales distribution network; and the ability to protect its intellectual property rights; and those factors discussed in Fisker’s Annual Report on Form 10-K, under the heading “Risk Factors,” filed with the Securities and Exchange Commission (the “SEC”), as supplemented by Quarterly Reports on Form 10-Q, and other reports and documents Fisker files from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and Fisker undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220414005314/en/

Fisker Inc. Communications

Matthew DeBord, Sr. Director, Communications Strategy & Storytelling

mdebord@fiskerinc.com

Rebecca Lindland, Director, Communications

rlindland@fiskerinc.com

Investor Relations

investors@fiskerinc.com

Source: Fisker Inc.

FAQ

When will Fisker Inc. report its first quarter 2022 financial results?

Fisker Inc. will report its first quarter 2022 financial results on May 4, 2022.

Who will be participating in the Fisker earnings conference call?

The earnings conference call will feature Henrik Fisker, Geeta Gupta-Fisker, and Burkhard Huhnke.

What key appointment was announced by Fisker Inc. recently?

Fisker Inc. announced the appointment of Frank Boroch as Vice President of Investor Relations on April 11, 2022.

When is the production start date for the Fisker Ocean?

The production of the Fisker Ocean is scheduled to begin in November 2022.