08:59 AM EDT, 06/28/2024 (MT Newswires) -- Polestar Automotive (PSNY) reported a full-year 2023 adjusted net loss Friday of $1.64 billion, widening from a loss of $1.05 billion a year earlier.

Two analysts polled by Capital IQ expected a loss of $923.5 million.

Revenue for the year ended Dec. 31 was $2.38 billion, down from $2.45 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.55 billion.

Polestar's shares fell 6% in recent Friday premarket activity.

Price: 0.7561, Change: -0.07, Percent Change: -8.42