Startup elecrtric carmaker Fisker slashed its manufacturing forecast for the 12 months on Friday because of provide chain woes, a typical problem amongst smaller EV-only manufacturers.

Fisker now expects to supply between 20,000 and 23,000 autos in 2023, down from 32,000 and 36,000 models that it projected in Might.

The California-based firm stated it misplaced $87.9 million in the course of the second quarter, barely lower than the $88.6 million it misplaced throughout the identical quarter final 12 months.

Fisker, nevertheless, recorded its first quarterly income from gross sales — $825,000 — because the EV maker kicked off deliveries in Europe and the U.S.

Fisker made 1,022 models of its Ocean compact crossovers within the second quarter — lacking its goal of 1,400 to 1,700 models because of a scarcity of elements. The automobile is being produced by Magna Worldwide’s contract producer Magna Steyr in Graz, Austria.

Analysts count on the corporate to report an working revenue within the fourth quarter of the 12 months, in line with Refinitiv.