Fisker: Net Loss Increased by $4m Subsequent to Prelim Results

Fisker said it appropriately reflected some expenses that were incorrectly recorded in its preliminary earnings results, with the change contributing to a $4m increase in net loss subsequent to the preliminary results.

• Also cites other inventory adjustments
• Expenses had been recorded primarily as selling, general and administrative expenses but were later determined to be cost of revenues
• Filed 10-Q quarterly report after delay
• Dan Quirk joins as executive vice president, finance and accounting
• Sales and delivery strategy has been reorganized
  • Opened several new facilities in the past few weeks
  • Expects to open several more facilities throughout the rest of the ...