Lucid earnings look-ahead: Watching the cash burn
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Luxury electric-vehicle startup Lucid (NASDAQ:LCID) is set to report its second-quarter earnings on Monday, with investors seeking information on its cash reserves and looking for any commentary around margins.
Wall Street analysts expect Lucid to post earnings per share of -$0.33 on revenues of $205.01M, which would mark a jump of 110.7% year-over-year. 
The company faces increased pressure to meet the expected pace of production and deliveries in the second half of the year, after its Q2 deliveries failed to meet expectations. Lucid delivered 1,404 vehicles in Q2, below estimates of 1,818 vehicles. 
Its shares have jumped over 10% YTD, with the company making several important announcements during the quarter. In June, it entered into a deal with Aston Martin (OTCPK:AMGDF) to supply its powertrain and battery systems to the British carmaker. 
It also disclosed that the Public Investment Fund of Saudi Arabia had upped its staked in the company to over 60% through a $1.8 billion private placement. 
Seeking Alpha analyst SL Investments said, "Lucid faces significant risks, including weak production numbers, high cash burn, and a lack of brand recognition in the premium car market."
Fellow analyst Juxtaposed Ideas noted, "LCID continues to face major cash flow issues, though with the PIF backing the automaker, we suppose it may just survive over the next few years."
Lucid has seen several changes to its estimates in the last three months. Earnings per share forecasts have been revised downwards and upwards 2 times each, while revenue estimates have been revised down 4 times. 
Seeking Alpha analysts at large consider Lucid a Hold. This compares to the average Wall Street rating of Hold and SA Quant rating of Sell.