The electric car manufacturer Lucid released its second-quarter 2024 quarterly figures after the US stock market closed on Monday, presenting mixed results.

Lucid reported a loss of $0.34 per share for the second quarter, exceeding analysts' expectations of a smaller loss of $0.273 per share. A year ago, the loss per share was $0.40.

Despite the higher loss, Lucid was able to significantly increase its revenue. Revenue rose from $151 million in the same quarter last year to $201 million in the current reporting period. This surpassed analysts' forecasts, who had expected revenue of $190 million.

The stock of Lucid reacted positively to the revenue increase, rising by 12.33 percent to $3.37 in after-hours trading on NASDAQ.