Lucid said third-quarter revenue was $350.319 million, compared with $336.580 million a year earlier, and that its GAAP net loss was $830.859 million. Free cash flow, which Lucid defines as operating cash flow minus capital spending, was an outflow of $1.040 billion, and the company said that was 30 percent below the prior quarter. Lucid said liquidity at September 30 was $2.0 billion, and that a $1.75 billion increase in a delayed-draw term loan facility with Saudi Arabia's Public Investment Fund takes pro forma liquidity to $3.75 billion.
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