Lucid (LCID) reported a Q4 non-GAAP loss Tuesday of $0.22 per diluted share, narrower than a loss of $0.27 a year earlier.
Analysts surveyed by FactSet expected a loss of $0.26 per share.
Revenue for the quarter ended Dec. 31 was $234.5 million, up from $157.1 million a year earlier.
Analysts surveyed by FactSet expected $214.1 million.
Separately, the company said Tuesday that Chief Operating Officer Marc Winterhoff has been named interim chief executive, as CEO Peter Rawlinson has stepped aside. Rawlinson will transition to the role of strategic technical advisor to the chair of the board.
The company said its board initiated a search for its next CEO as part of its regular succession planning process.
Lucid shares were rising past 7% in after-hours activity.
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