Electrical car startup Fisker on Friday reported a second-quarter loss that was narrower than anticipated, regardless of struggling to get the electrical Ocean SUV into full manufacturing through the interval amid provider points.

Fisker produced simply 1,022 Oceans within the second quarter, lower than the 1,400 to 1,700 autos it had anticipated to make, and it minimize its full-year manufacturing steering in gentle of these lingering supply-chain challenges.

Fisker now expects its manufacturing companion, Magna Worldwide, to construct 20,000 to 23,000 Oceans at its contract-manufacturing plant in Austria in 2023. That is down considerably from 32,000 to 36,000 in its earlier steering.

Fisker’s internet loss for the quarter was $85.5 million, or 25 cents per share, narrower than the 28 cents per share anticipated by Wall Avenue analysts, based on Refinitiv consensus estimates.

Income was simply $825,000, as Fisker managed to ship simply 11 Oceans to prospects earlier than quarter-end following the manufacturing delays. Wall Avenue had been anticipating income to come back in at $159.3 million, however CNBC is not evaluating reported income to projections due to skinny analyst protection.

A 12 months in the past, Fisker reported a internet lack of $106 million, or 36 cents a share, and about $10,000 in income.

Fisker had $521.8 million in money available as of June 30, versus $652.5 million as of March 31. The EV maker raised a further $300 million through a convertible be aware providing in July.

Fisker did not present an replace on the variety of reservations it has for the Ocean and its upcoming fashions. It had about 65,000 reservations for the Ocean when it reported its first-quarter leads to Could. Fisker’s subsequent mannequin, a low-cost EV known as the Pear, is anticipated to enter manufacturing at a Foxconn plant in Ohio in 2025.

Fisker at an occasion in California on Thursday introduced three upcoming battery-electric fashions: The Pear, a small automotive anticipated to start out at about $30,000 when it arrives in mid-2025; a high-end luxurious sports activities automotive known as the Ronin with an anticipated value of $385,000; and a brand new pickup truck known as the Alaska, based mostly on an prolonged model of the Ocean’s platform and due in 2025 with a beginning value simply over $45,000.

Fisker had beforehand introduced the Pear and Ronin, however the Alaska was proven for the primary time on Thursday. Fisker is now taking reservations for all three of the upcoming fashions.

The corporate additionally previewed a brand new off-road package deal for the Ocean, known as Power E. It is anticipated to be out there beginning within the first quarter of 2024. Pricing wasn’t introduced.