Fisker (FSRNQ) 8-K Other Events

Exhibit 99.1

Fisker Inc. and Subsidiaries

Unaudited Condensed Consolidated Statements of Operations

(amounts in thousands, except share and per share data)

	Three Months Ended Dec. 31,						Years Ended December 31,
	2020			2019			2020			2019
Operating costs and expenses:
General and administrative	$	14,216		$	743		$	22,272		$	3,626
Research and development		17,090			2,019			21,052			6,962
Total operating costs and expenses		31,306			2,763			43,324			10,588
Loss from operations		(31,306	)		(2,763	)		(43,324	)		(10,588	)
Other income (expense):
Other income (expense)		196			(25	)		346			(33	)
Interest expense		(284	)		(158	)		(1,610	)		(178	)
Changes in fair value - convertible equity security & embedded derivative		19,356			(71	)		(10,053	)		(80	)
Total other income (expense)		19,269			(254	)		(11,317	)		(291	)
Net loss	$	(12,037	)	$	(3,017	)	$	(54,641	)	$	(10,879	)
Basic and Diluted net loss per share	$	(0.05	)	$	(0.03	)	$	(0.40	)	$	(0.10	)
Basic and Diluted weighted average common shares outstanding		223,116,142			105,388,078			135,034,921			105,343,914

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Fisker Inc. and Subsidiaries

Unaudited Condensed Consolidated Balance Sheets

(amounts in thousands, except share and per share data)

	As of December 31,
	2020		2019
Current assets:
Cash and cash equivalents	$	991,158	$	1,858
Prepaid expenses and other current assets		9,872		18
Total current assets		1,001,029		1,876
Non-current assets:
Property and equipment, net		945		65
Right of use asset, net		2,548		135
Other non-current assets		1,329		—
Intangible asset		58,041		—
Total noncurrent assets		62,862		200
Total assets	$	1,063,892	$	2,076
Current liabilities:
Accounts payable	$	5,158	$	2,135
Accrued expenses		7,408		928
Lease liabilities (short term)		655		144
Founders demand note payable		—		250
Total current liabilities		13,220		3,456
Non-current liabilities:
Customer deposits		3,527		946
Bridge notes payable		—		3,797
Lease liabilities		1,912		—
Total non-current liabilities		5,439		4,743
Total liabilities		18,659		8,199
Temporary equity		—		11,021
Stockholder’s equity (deficit)		1,045,232		(17,143	)
Total liabilities and equity	$	1,063,892	$	2,076

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Fisker Inc. and Subsidiaries

Unaudited Condensed Consolidated Statements of Cash Flows

(amounts in thousands, except share and per share data)

	Three Months Ended Dec. 31,						Years Ended December 31,
	2020			2019			2020			2019
Cash flows from Operating Activities
Net loss	$	(12,037	)	$	(3,017	)	$	(54,641	)	$	(10,879	)
Stock-based comp		377			42			711			85
Depreciation and Amortization		51			6			77			25
Change in operating assets and liabilities		206			383			395			3,151
Other operating activities		(18,660	)		237			15,452			358
Net cash used in operating activities		(30,064	)		(2,349	)		(38,006	)		(7,260	)
Cash flows from Investing Activities
Purchase of property and equipment		(453	)		—			(677	)		(14	)
Net cash used in investing activities		(453	)		—			(677	)		(14	)
Cash flows from Financing Activities
Proceeds from issuance of bridge notes		—			2,496			5,372			3,579
Proceeds from issuance of convertible security		—			—			46,500			—
Proceeds from exercise of warrants / stock options		4			2			87			8
Proceeds from share issuance, net		976,694		��	—			976,023			—
Net cash provided by financing activities		976,699			2,498			1,027,982			3,586
Net increase / (decrease) in cash and cash equivalents		946,181			149			989,300			(3,688	)
Cash and cash equivalents, beginning of period		44,976			1,710			1,858			5,546
Cash and cash equivalents, end of period	$	991,158		$	1,858		$	991,158		$	1,858

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