Nikola says its revenue more than doubled in Q4

Nikola Corp (NASDAQ: NKLA) is trading up in premarket on Thursday after reporting a narrower-than-expected loss for its fiscal fourth quarter.

How many vehicles did Nikola deliver in Q4

The electric vehicles company delivered 35 of its hydrogen fuel cell electric trucks in the recently concluded quarter.

Nikola Corp opened its first HYLA hydrogen refueling station in Ontario, California this month (find out more). Steve Girsky – its chief executive said in a press release today:

$NKLA raised a little over $230 million and added two members with extensive experience in trucking and energy to its board in Q4. Wall Street currently has a consensus "overweight" rating on the EV stock.

Nikola Q4 earnings snapshot

• Lost $0.15 million versus the year-ago $2.22 million
• Per-share loss also narrowed from 36 cents to 14 cents
• Adjusted loss printed at 11 cents as per the earnings report
• Revenue more than doubled year-on-year to $11.53 million
• Consensus was 13 cents a share loss on $13.16 million revenue

Nikola ended the quarter with $464.7 million in unrestricted cash. CEO Girsky also said on Thursday: