Loss

Rivian has posted its Q1 2022 results and shareholder letter after market close today, showing $95 million in revenue and a loss of $1.593 billion for the quarter ($1.77 per share), up from a loss of $414 million from the same quarter last year. It ended the quarter with nearly $17 billion in cash, largely from its massive IPO late last year. Rivian also reaffirmed 2022 annual guidance, expecting a total loss of $4.7 billion for the year with 25,000 units of total production and $2.6 billion expected in capital…

After reality TV star Kim Kardashian was subjected to criticism for sending a damaging message about dieting by shedding 7.3kg weight in three weeks to fit it into a dress once worn by Marilyn Monroe at Met Gala 2022, her personal trainer Don-A-Matrix has come out in her support, saying she "was not starving herself." Speaking to TMZ, Don said, "I think one of the misconceptions is -- she works really hard. I was there through the process and it wasn`t like a starving yourself type of thing." Don stated that Kim lost…

Following the recent Q1 2022 report from EV startup Canoo, we find the feature image rather fitting. After admitting a net loss over $125 million for the first three months of this year, Canoo is very much stuck out in the woods. With a lack of current cash on hand to realistically get through Q2, Canoo admitted “there is substantial doubt” about the company’s ability to get out of those financial woods either. Canoo is certainly making its presence known on our homepage today. Earlier, we reported a lawsuit filed…

Thousands of wild bird species are growing ill or dying from habitat loss, climate change, and overexploitation, according to new research.A new estimate from researchers around the world has found 48 percent of living bird species are known or suspected to have declining populations.  That's more than 5,000 species that face a risky future. Among the species surveyed, only 6 percent showed increases in population."We are now witnessing the first signs of a new wave of extinctions of continentally distributed bird…

The Lordstown Motors Corp. Endurance electric pickup truck sits on stage during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020.Matthew Hatcher | Bloomberg | Getty ImagesStruggling electric vehicle start-up Lordstown Motors said that it's on track to begin production of its Endurance pickup in the third quarter, about a year later than originally expected. Yet even if it hits that start date, the company expects to lose money on every one of the roughly 500 trucks it hopes to ship by year…

An experimental drug being clinically investigated for its effects on body weight in obese and overweight people has delivered record-breaking weight loss for participants in the trial – on par with surgical options, the company behind the drug suggests.  Tirzepatide, developed by American pharmaceutical company Eli Lilly and Company (Lilly), is a once-weekly injection that promotes weight loss by mimicking the effects of natural hormones called incretins. These hormones lower blood sugar after we eat, in addition to…

A revolutionary weight loss drug could get users the effects of bariatric surgery without the permanent changes that it entails. Weight loss supplements have become a big market in recent years. This new drug may soon join the fray. The drug, which is being developed by pharmaceutical company Lilly is called tirzepatide. And, in a recent trial, it delivered up to 22.5 percent weight loss in adults with obesity. Participants testing a revolutionary weight loss drug lost 55 pounds on average Image source:…

The company was pushed into a headline loss of $20.4 billion in the quarter following its decision in February to pull its 19.75-percent stake in Russian energy group Rosneft. BP revenue jumped 40 percent to $51 billion in the first quarter from a year earlier.…

Hearing loss is usually irreversible because there's no way to grow back the necessary outer and inner ear sensory cells once they've been killed off. But we may have started on the path to change, thanks to new research in mice.  Scientists have discovered a single master gene that's able to regulate whether ear hair cells into the outer or inner types required to restore hearing. That's a significant step forward in being able to actually carry this out in the lab.The master gene is called TBX2. Through experiments on…

TechPowerUp recently tested AMD's new Radeon RX 6400 GPU on the slower PCIe 3.0 interface to measure any substantial drops in performance compared to PCIe 4.0 and found that to be the case thanks to the GPU's unorthodox configuration of just four PCIe lanes. On average, performance drop-offs were upwards of 14%, depending on the resolution.AMD's Radeon RX 6400 is the company's newest entry-level GPU for the desktop market featuring AMD's super tiny Navi 24 die, initially for laptops. Like its bigger brother, the Radeon…