Technology

Lucid Announces Fourth Quarter and Full Year 2023 Financial Results

Published

11 months ago

February 21, 2024

Delivered 1,734 vehicles in Q4 and 6,001 vehicles in 2023, up 37% compared to full year 2022Produced 2,391 vehicles in Q4 and 8,428 vehicles in 2023, meeting the higher-end of 2023 annual production guidance of 8,000 to 8,500 vehiclesQ4 revenue of $157.2 million and annual revenue of $595.3 millionEnded the quarter with approximately $4.78 billion of total liquidityLucid is embarking on the Company’s next transformational phase, with the expansion of its vehicle lineup and total addressable market2024 production guidance of approximately 9,000 vehicles

NEWARK, Calif., Feb. 21, 2024 /PRNewswire/ — Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, America’s most awarded new luxury vehicle 1 and selected to Car and Driver’s 10Best list for 2024, today announced financial results for its fourth quarter and full year ended December 31, 2023. The earnings presentation is available on its investor relations website (https://ir.lucidmotors.com).

The Company produced 2,391 vehicles during Q4 and delivered 1,734 vehicles during the same period. On a full-year basis, the Company produced 8,428 vehicles, meeting the higher end of the 2023 annual production guidance of 8,000 to 8,500 vehicles, and delivered 6,001 vehicles in 2023. Lucid today also announced its 2024 annual production guidance of approximately 9,000 vehicles, and will continue to prudently manage and adjust production to meet sales and delivery needs.

Lucid reported fourth quarter revenue of $157.2 million and annual revenue of $595.3 million, ending the quarter with approximately $4.78 billion of total liquidity.

“Lucid is investing for the long term in technology, manufacturing and partnerships to further solidify our place in the market as the premier luxury EV brand in the world,” said Peter Rawlinson, Lucid’s CEO and CTO. “In 2023, we made our first strategic technology arrangement, gained market share, completed the Air lineup, and unveiled Gravity. As we start 2024, I’m very excited about the year ahead and beyond. We are entering the next transformational phase of the Lucid vehicle lineup and are laser-focused on growth.”

“I’d like to echo Peter’s excitement as we start the year,” said Gagan Dhingra, Lucid’s Interim Chief Financial Officer and Principal Accounting Officer. “We outpaced our total addressable market and made headway with our cost optimization programs – a key strategic priority for the Company. I’m excited about the future as Gravity start of production is scheduled for late 2024 and the start of production for our high-volume Midsize platform is scheduled for late 2026.”

Lucid will host a conference call for analysts and investors at 2:30 P.M. PT / 5:30 P.M. ET on February 21, 2024. The live webcast of the conference call will be available on the Investor Relations website at ir.lucidmotors.com. Following the completion of the call, a replay will be available on the same website. Lucid uses its ir.lucidmotors.com website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.

1 Based on percentage of major industry awards and accolades earned by new luxury vehicles launched in the last three years and on sale in the United States.

About Lucid Group

Lucid’s mission is to inspire the adoption of sustainable energy by creating advanced technologies and the most captivating luxury electric vehicles centered around the human experience. The Company’s first car, the Air, is a state-of-the-art luxury sedan with a California-inspired design. Assembled at Lucid’s factories in Casa Grande, Arizona, and King Abdullah Economic City (KAEC), Saudi Arabia, deliveries of Lucid Air are currently underway to customers in the U.S., Canada, Europe, and the Middle East.

Investor Relations Contact

investor@lucidmotors.com

Media Contact

media@lucidmotors.com

Trademarks

This communication contains trademarks, service marks, trade names and copyrights of Lucid Group, Inc. and its subsidiaries and other companies, which are the property of their respective owners.

Forward Looking Statements

This communication includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “shall,” “expect,” “anticipate,” “believe,” “seek,” “target,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding financial and operating outlook and guidance, future capital expenditures and other operating expenses, ability to control costs, expectations and timing related to commercial product launches, including the Lucid Gravity and Midsize platform, production and delivery volumes, expectations regarding market opportunities and demand for Lucid’s products, the range and performance of Lucid’s vehicles, plans and expectations regarding the Lucid Gravity, including performance, driving range, features, specifications, and Gravity’s potential impact on markets, plans and expectations regarding Lucid’s software, plans and expectations regarding Lucid’s systems approach to the design of the vehicles, plans and expectations regarding Lucid’s integration with North American Charging Standard, including timing and benefits, estimate of the length of time Lucid’s existing cash, cash equivalents and investments will be sufficient to fund planned operations, plans and expectations regarding its future capital raises and funding strategy, the timing of vehicle deliveries, plans and expectations regarding future manufacturing capabilities and facilities, studio and service center openings, ability to mitigate supply chain and logistics risks, plans and expectations regarding the Phase 2 expansion of Lucid’s AMP-1 factory, including potential benefits, ability to vertically integrate production processes, future sales channels and strategies, future market launches and international expansion, including plans and expectations for the AMP-2 manufacturing facility in Saudi Arabia, plans and expectations regarding the purchase agreement with the government of Saudi Arabia, including the total number of vehicles that may be purchased under the agreement, expected order quantities, and the quantity and timing of vehicle deliveries, Lucid’s ability to grow its brand awareness, the potential success of Lucid’s direct-to-consumer sales strategy and future vehicle programs, potential automotive partnerships, including plans and expectations regarding Lucid’s strategic technology arrangement with Aston Martin, and the promise of Lucid’s technology. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of Lucid’s management. These forward-looking statements are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and may differ from these forward-looking statements. Many actual events and circumstances are beyond the control of Lucid. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions, including government closures of banks and liquidity concerns at other financial institutions, a potential global economic recession or other downturn and global conflicts or other geopolitical events; risks related to changes in overall demand for Lucid’s products and services and cancellation of reservations and orders for Lucid’s vehicles; risks related to prices and availability of commodities, Lucid’s supply chain, logistics, inventory management and quality control, and Lucid’s ability to complete the tooling of its manufacturing facilities over time and scale production of the Lucid Air and other vehicles; risks related to the uncertainty of Lucid’s projected financial information; risks related to the timing of expected business milestones and commercial product launches; risks related to the expansion of Lucid’s manufacturing facility, the construction of new manufacturing facilities and the increase of Lucid’s production capacity; Lucid’s ability to manage expenses and control costs; risks related to future market adoption of Lucid’s offerings; the effects of competition and the pace and depth of electric vehicle adoption generally on Lucid’s future business; changes in regulatory requirements, governmental incentives and fuel and energy prices; Lucid’s ability to rapidly innovate; Lucid’s ability to enter into or maintain partnerships with original equipment manufacturers, vendors and technology providers; Lucid’s ability to effectively manage its growth and recruit and retain key employees, including its chief executive officer and executive team; risks related to potential vehicle recalls and buybacks; Lucid’s ability to establish and expand its brand, and capture additional market share, and the risks associated with negative press or reputational harm; Lucid’s ability to effectively utilize or obtain certain credits and other incentives; Lucid’s ability to conduct equity, equity-linked or debt financings in the future; Lucid’s ability to pay interest and principal on its indebtedness; future changes to vehicle specifications which may impact performance, pricing and other expectations; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; and those factors discussed under the heading “Risk Factors” in Part II, Item 1A of Lucid’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, as well as in other documents Lucid has filed or will file with the Securities and Exchange Commission, including Lucid’s Annual Report on Form 10-K for the year ended December 31, 2023. If any of these risks materialize or Lucid’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Lucid currently does not know or that Lucid currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Lucid’s expectations, plans or forecasts of future events and views as of the date of this communication. Lucid anticipates that subsequent events and developments will cause Lucid’s assessments to change. However, while Lucid may elect to update these forward-looking statements at some point in the future, Lucid specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Lucid’s assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Non-GAAP Financial Measures and Key Business Metrics

Consolidated financial information has been presented in accordance with US GAAP (“GAAP”) as well as on a non-GAAP basis to supplement our consolidated financial results. Lucid’s non-GAAP financial measures include Adjusted EBITDA and Free Cash Flow which are discussed below.

Adjusted EBITDA is defined as net loss before (1) interest expense, (2) interest income, (3) provision for (benefit from) income taxes, (4) depreciation and amortization, (5) change in fair value of common stock warrant liability, (6) change in fair value of equity securities, (7) stock-based compensation, and (8) restructuring charges. Lucid believes that Adjusted EBITDA provides useful information to Lucid’s management and investors about Lucid’s financial performance. Free Cash Flow is defined as net cash used in operating activities less capital expenditures. Lucid believes that Free Cash Flow provides useful information to Lucid’s management and investors about the amount of cash generated by the business after necessary capital expenditures.

These non-GAAP financial measures facilitate management’s internal comparisons to Lucid’s historical performance. Management believes that it is useful to supplement its GAAP financial statements with this non-GAAP information because management uses such information internally for its operating, budgeting, and financial planning purposes. Management also believes that presentation of the non-GAAP financial measures provides useful information to Lucid’s investors regarding measures of our financial condition and results of operations that Lucid uses to run the business and therefore allows investors to better understand Lucid’s performance. However, these non-GAAP financial and key performance measures have limitations as analytical tools and you should not consider them in isolation or as substitutes for analysis of our results as reported under GAAP.

Non-GAAP information is not prepared under a comprehensive set of accounting rules and therefore, should only be read in conjunction with financial information reported under GAAP when understanding Lucid’s operating performance. In addition, other companies, including companies in Lucid’s industry, may calculate non-GAAP financial measures and key performance measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of Lucid’s non-GAAP financial measures and key performance measures as tools for comparison. A reconciliation between GAAP and non-GAAP financial information is presented below.

LUCID GROUP, INC.

CONSOLIDATED BALANCE SHEETS

(Unaudited)

(in thousands, except share and per share data)

December 31,
2023

December 31,
2022

ASSETS

Current assets:

Cash and cash equivalents

$ 1,369,947

$ 1,735,765

Short-term investments

2,489,798

2,177,231

Accounts receivable, net

51,822

19,542

Inventory

696,236

834,401

Prepaid expenses

69,682

63,548

Other current assets

79,670

81,541

Total current assets

4,757,155

4,912,028

Property, plant and equipment, net

2,810,867

2,166,776

Right-of-use assets

221,508

215,160

Long-term investments

461,029

529,974

Other noncurrent assets

262,159

55,300

TOTAL ASSETS

$ 8,512,718

$ 7,879,238

LIABILITIES

Current liabilities:

Accounts payable

$ 108,724

$ 229,084

Accrued compensation

92,494

63,322

Finance lease liabilities, current portion

8,202

10,586

Other current liabilities

798,990

634,567

Total current liabilities

1,008,410

937,559

Finance lease liabilities, net of current portion

77,653

81,336

Common stock warrant liability

53,664

140,590

Long-term debt

1,996,960

1,991,840

Other long-term liabilities

524,339

378,212

Total liabilities

3,661,026

3,529,537

STOCKHOLDERS’ EQUITY

Common stock, par value $0.0001; 15,000,000,000 shares authorized as of December 31, 2023 and
2022; 2,300,111,489 and 1,830,172,561 shares issued and 2,299,253,664 and 1,829,314,736 shares
outstanding as of December 31, 2023 and 2022, respectively

230

183

Additional paid-in capital

15,066,080

11,752,138

Treasury stock, at cost, 857,825 shares at December 31, 2023 and 2022

(20,716)

Accumulated other comprehensive income (loss)

4,850

(11,572)

Accumulated deficit

(10,198,752)

(7,370,332)

Total stockholders’ equity

4,851,692

4,349,701

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

$ 8,512,718

$ 7,879,238

LUCID GROUP, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(Unaudited)

(in thousands, except share and per share data)

Three Months Ended

December 31,

Twelve Months Ended

December 31,

2023

2022

2023

2022

Revenue

$ 157,151

$ 257,713

$ 595,271

$ 608,181

Costs and expenses

Cost of revenue

410,015

615,291

1,936,066

1,646,086

Research and development

242,977

221,294

937,012

821,512

Selling, general and administrative

241,026

170,867

797,235

734,574

Restructuring charges

—

24,546

—

Total cost and expenses

894,018

1,007,452

3,694,859

3,202,172

Loss from operations

(736,867)

(749,739)

(3,099,588)

(2,593,991)

Other income (expense), net

Change in fair value of common stock warrant liability

25,279

255,899

86,926

1,254,218

Change in fair value of equity securities

5,999

—

5,999

—

Interest income

58,680

29,472

204,274

56,756

Interest expense

(7,777)

(8,075)

(24,915)

(30,596)

Other income (expense), net

934

(366)

(90)

9,532

Total other income, net

83,115

276,930

272,194

1,289,910

Loss before provision for (benefit from) income taxes

(653,752)

(472,809)

(2,827,394)

(1,304,081)

Provision for (benefit from) income taxes

(161)

1,026

379

Net loss

(653,766)

(472,648)

(2,828,420)

(1,304,460)

Net loss attributable to common stockholders, basic

(653,766)

(472,648)

(2,828,420)

(1,304,460)

Change in fair value of dilutive warrants

—

(1,254,218)

Net loss attributable to common stockholders, diluted

$ (653,766)

$ (472,648)

$ (2,828,420)

$ (2,558,678)

Weighted average shares outstanding attributable to common stockholders

Basic

2,292,032,497

1,712,951,982

2,081,772,622

1,678,346,079

Diluted

2,292,032,497

1,712,951,982

2,081,772,622

1,693,258,608

Net loss per share attributable to common stockholders

Basic

$ (0.29)

$ (0.28)

$ (1.36)

$ (0.78)

Diluted

$ (0.29)

$ (0.28)

$ (1.36)

$ (1.51)

Other comprehensive income (loss)

Net unrealized gains (losses) on investments, net of tax

$ 10,079

$ 1,694

$ 12,669

$ (11,572)

Foreign currency translation adjustments

5,134

—

3,753

—

Total other comprehensive income (loss)

15,213

1,694

16,422

(11,572)

Comprehensive loss attributable to common stockholders

$ (638,553)

$ (470,954)

$ (2,811,998)

$ (1,316,032)

LUCID GROUP, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

(in thousands)

Three Months Ended

December 31,

Twelve Months Ended

December 31,

2023

2022

2023

2022

Cash flows from operating activities:

Net loss

$ (653,766)

$ (472,648)

$ (2,828,420)

$ (1,304,460)

Adjustments to reconcile net loss to net cash used in operating activities:

Depreciation and amortization

67,498

55,240

233,531

186,583

Amortization of insurance premium

9,265

10,432

39,507

35,620

Non-cash operating lease cost

7,330

5,457

26,201

19,711

Stock-based compensation

63,851

71,255

257,283

423,500

Inventory and firm purchase commitments write-downs

171,574

204,926

906,069

569,479

Change in fair value of common stock warrant liability

(25,279)

(255,899)

(86,926)

(1,254,218)

Net accretion of investment discounts/premiums

(30,504)

(11,435)

(105,432)

(20,695)

Change in fair value of equity securities

(5,999)

—

(5,999)

—

Other non-cash items

6,267

6,113

34,205

10,353

Changes in operating assets and liabilities:

Accounts receivable

(28,731)

(16,987)

(32,509)

(16,498)

Inventory

(82,077)

(350,295)

(658,010)

(1,256,349)

Prepaid expenses

(2,579)

(16,721)

(45,641)

(28,822)

Other current assets

(8,922)

(10,329)

4,758

(43,591)

Other noncurrent assets

(8,000)

(4,148)

(121,790)

(43,230)

Accounts payable

(24,709)

128,253

(139,519)

180,469

Accrued compensation

30,953

14,314

29,172

30,958

Other current liabilities

(10,175)

(16,880)

(71,680)

253,904

Other long-term liabilities

49,454

10,837

75,447

31,028

Net cash used in operating activities

(474,549)

(648,515)

(2,489,753)

(2,226,258)

Cash flows from investing activities:

Purchases of property, plant and equipment

(272,642)

(289,888)

(910,644)

(1,074,852)

Proceeds from government grant

97,500

—

97,500

97,267

Purchases of investments

(413,028)

(1,127,452)

(3,998,282)

(3,854,129)

Proceeds from maturities of investments

1,240,320

1,024,361

3,720,890

1,149,714

Proceeds from sale of investments

—

148,388

—

Other investing activities

—

323

(4,827)

323

Net cash provided by (used in) investing activities

652,150

(392,656)

(946,975)

(3,681,677)

Cash flows from financing activities:

Proceeds from issuance of common stock under Underwriting Agreement, net of issuance costs

—

1,184,224

—

Proceeds from issuance of common stock under 2023 Subscription Agreement, net of issuance
costs

—

1,812,641

—

Proceeds from issuance of common stock under At-the-Market Offering, net of issuance costs

—

594,317

—

594,317

Proceeds from issuance of common stock under 2022 Subscription Agreement

—

915,000

—

915,000

Payment for short-term insurance financing note

—

(15,330)

Payment for finance lease liabilities

(891)

(1,372)

(5,425)

(4,977)

Proceeds from borrowings

19,991

9,590

62,911

29,818

Repayments for borrowings

—

(13,570)

—

(20,223)

Proceeds from failed sale-leaseback transaction

—

31,700

Proceeds from exercise of stock options

3,022

3,050

10,343

17,788

Proceeds from employee stock purchase plan

8,747

11,680

23,836

24,562

Tax withholding payments for net settlement of employee awards

(2,910)

(5,894)

(17,615)

(218,789)

Payment for credit facility issuance costs

—

(6,631)

Net cash provided by financing activities

27,959

1,512,801

3,070,915

1,347,235

Net increase (decrease) in cash, cash equivalents, and restricted cash

205,560

471,630

(365,813)

(4,560,700)

Beginning cash, cash equivalents, and restricted cash

1,165,947

1,265,690

1,737,320

6,298,020

Ending cash, cash equivalents, and restricted cash

$ 1,371,507

$ 1,737,320

$ 1,371,507

$ 1,737,320

LUCID GROUP, INC.

Reconciliation of GAAP to Non-GAAP Financial Measures

(Unaudited)

(in thousands)

Adjusted EBITDA

Three Months Ended

December 31,

Twelve Months Ended

December 31,

2023

2022

2023

2022

Net loss (GAAP)

$ (653,766)

$ (472,648)

$ (2,828,420)

$ (1,304,460)

Interest expense

7,777

8,075

24,915

30,596

Interest income

(58,680)

(29,472)

(204,274)

(56,756)

Provision for (benefit from) income taxes

(161)

1,026

379

Depreciation and amortization

67,498

55,240

233,531

186,583

Change in fair value of common stock warrant liability

(25,279)

(255,899)

(86,926)

(1,254,218)

Change in fair value of equity securities

(5,999)

—

(5,999)

—

Stock-based compensation

63,851

71,255

258,726

423,500

Restructuring charges

—

24,546

—

Adjusted EBITDA (non-GAAP)

$ (604,584)

$ (623,610)

$ (2,582,875)

$ (1,974,376)

Free Cash Flow

Three Months Ended

December 31,

Twelve Months Ended

December 31,

2023

2022

2023

2022

Net cash used in operating activities (GAAP)

$ (474,549)

$ (648,515)

$ (2,489,753)

$ (2,226,258)

Capital expenditures

(272,642)

(289,888)

(910,644)

(1,074,852)

Free cash flow (non-GAAP)

$ (747,191)

$ (938,403)

$ (3,400,397)

$ (3,301,110)

View original content to download multimedia:https://www.prnewswire.com/news-releases/lucid-announces-fourth-quarter-and-full-year-2023-financial-results-302067988.html

SOURCE Lucid Group

Technology

JSAUX Debuts at CES 2025, Showcases Innovative FlipGo Portable Monitor

Published

8 minutes ago

January 5, 2025

HONG KONG, Jan. 5, 2025 /PRNewswire/ — Tech brand JSAUX will make its first appearance at CES Las Vegas from January 7-10, 2025, at LVCC South Hall 1, booth #32344. Visitors can explore JSAUX’s latest innovations, including the FlipGo Horizon portable monitor and cutting-edge accessories for iPhone.

JSAUX’s Journey to Success

Since its founding in 2016, JSAUX has grown into a global leader in gaming accessories, serving 20 million customers in over 100 countries. Its success is built on:

Comprehensive Ecosystem: JSAUX offers an extensive lineup of gaming accessories for devices like Steam Deck, ROG Ally, and Legion Go, filling market gaps with solutions like docking stations, cases, and power cables.Proven Quality: With a return rate below 4%, JSAUX products are trusted for their durability and reliability.E-commerce Excellence: A robust online presence and engaged communities on platforms like Discord and Reddit enable real-time feedback and strong customer loyalty.Innovation & Recognition: With 143 patents and accolades like the iF and Red Dot Design Awards, JSAUX delivers groundbreaking products, including the FlipGo monitor, which raised over $1M on Kickstarter.

Technology

PIXIE LEGENDS: The First Fairy-Themed Trading Card Game Brings Enchantment to Kids Everywhere

Published

5 hours ago

January 4, 2025

PIXIE LEGENDS: A magical fairy trading card game offering screen-free fun, imaginative play, and enchanting adventures for kids.

TEL AVIV, Israel, Jan. 4, 2025 /PRNewswire-PRWeb/ — PIXIE LEGENDS, a brand-new fairy-themed trading card game, has launched, offering young girls and kids everywhere a captivating entry into the world of collectible card games. Designed specifically for children who love fairy tales, princesses, and magic, PIXIE LEGENDS provides a fresh alternative to the TCG (trading card game) landscape, historically dominated by themes more tailored to boys.

Bringing Screen-Free Fun and Magical Adventures for Young Girls

PIXIE LEGENDS was inspired by the creator’s vision to give young girls their adventure in the TCG world. Featuring a collection of fairy and fantasy characters from mystical worlds like Water, Nature, the Moon, and more, PIXIE LEGENDS encourages creativity, social interaction, and imagination—all while remaining screen-free.

✨ A Game of Collecting, Strategy, and Play ✨

PIXIE LEGENDS isn’t just a beautiful card game; it’s designed to be versatile and accessible for players of all ages. Kids can enjoy the game in various modes:

Fairy War Game – Battle with friends, using the cards’ powers to determine who holds the ultimate deck.Quartets Game – Gather and trade cards to create sets of themed fairy characters.Collection Mode – Trade, collect, and organize PIXIE LEGENDS cards in a special fairy-themed album, helping kids develop social skills and trading techniques.

✨ Pixie Worlds and Magical Characters ✨

PIXIE LEGENDS introduces children to five unique, colorful worlds filled with diverse fairies, each with its traits, strengths, and magical abilities:

Green World: Guardians of Nature who communicate with plants and animals.Blue World: Mystical Water Fairies who command the oceans and interact with marine life.Yellow World: Powerful Warrior Fairies symbolizing strength, courage, and love.Purple World: Fairies of Spiritual Energy, Fortune, and Cosmic Power.Silver World: Fairies who command the Weather and Moon, harnessing the forces of the skies.

Each card is crafted with beautiful artwork and classified by rarity, encouraging young players to explore the thrill of collecting common and rare characters.

✨ A Healthy, Screen-Free Activity ✨

PIXIE LEGENDS provides a refreshing, screen-free way for kids to socialize and play, especially when screen time is a concern for many parents. With its emphasis on collection, trading, and imaginative play, PIXIE LEGENDS helps children develop critical social and cognitive skills while fostering friendships and shared interests.

✨ Perfect for Birthdays and Playdates ✨

PIXIE LEGENDS isn’t just a game—it’s a magical experience perfect for girls’ birthdays and after-school playdates. Its enchanting fairy theme makes it an ideal centerpiece for birthday parties, where kids can bond over card battles, trades, and collections, creating lasting memories. For after-school activities, PIXIE LEGENDS offers an engaging, screen-free way for girls to socialize, fostering creativity and collaboration as they explore magical realms together. Parents love how it turns gatherings into moments of fun, learning, and imagination!

✨ Special Launch Offer ✨

To celebrate the release of PIXIE LEGENDS, customers can enjoy special launch prices on all PIXIE LEGENDS products, available exclusively on the official website at [insert website link]. This limited-time offer is the perfect opportunity for families and young collectors to begin their magical journey into the enchanting world of PIXIE LEGENDS.

🧚‍♂Enter the World of PIXIE LEGENDS🧚‍♂

✨ About PIXIE LEGENDS ✨

PIXIE LEGENDS was created by a team dedicated to enriching children’s play experiences. It provides a unique product that resonates with young girls who love fantasy, fairies, and adventure. With PIXIE LEGENDS, kids can collect, trade, and play in a world of imagination that celebrates creativity, connection, and magic.

For more information on PIXIE LEGENDS or to schedule an interview with the founder, please contact:

Neriad Hakak

CEO

FairiesAndBeyond.com

Media Contact

Neriad Hakak, eCommerce and So, 1 9496681585, info@fairiesandbeyond.com, FairiesAndBeyond.com

View original content to download multimedia:https://www.prweb.com/releases/pixie-legends-the-first-fairy-themed-trading-card-game-brings-enchantment-to-kids-everywhere-302340659.html

SOURCE PIXIE LEGENDS

Technology

WHAT NOT TO MISS AT CES 2025

Published

8 hours ago

January 4, 2025

World’s Most Powerful Tech Event Returns to Las Vegas January 7-10

ARLINGTON, Va., Jan. 4, 2025 /PRNewswire/ — CES® 2025, the world’s most powerful tech event, returns to Las Vegas, January 7-10, bringing together global companies, from top brands to innovative startups, industry executives, media, and government leaders.

What Not To Miss at CES® 2025. The world’s most powerful tech event returns to Las Vegas, January 7-10.

“We’re ready to DIVE IN to CES 2025. There is great momentum heading into the show with a record 3400+ Innovation Award submissions, over 4500 exhibitors including roughly 1400 startups, and 1100 speakers for over 300 conference sessions,” said Gary Shapiro, CEO and Vice Chair, Consumer Technology Association (CTA)®, owner and producer of CES. “We are on track for an incredible show where attendees will see everything that is new in tech from the latest in AI and digital health to advanced mobility, smart communities, sustainability, and accessibility tech.”

DIVE IN to the CES 2025 Experience

CES App – Plan for and navigate CES 2025 with the official show app. Search “CES App” in your app store. New for CES 2025 is blue-dot navigation at the Las Vegas Convention Center (LVCC) and the Venetian.CES Tech Talk – Download and listen for the top trends expected at CES 2025.CES Creator Space, presented by Sony – A new space for storytellers – media and creators – to produce compelling content.

Top Trends

Artificial Intelligence: Generative AI is driving innovation. The entire AI ecosystem will be throughout CES, enhancing user experiences, increasing productivity, advancing health, and more.Exhibitor Examples: DeepX, EMD, LG, Lotte, Samsung, SiemensDigital Health: CES will showcase tech innovation across the entire spectrum of health, increasing longevity, lowering costs, and improving health equity and patient empowerment.Exhibitor Examples: AARP, EssilorLuxottica, Nuvilab, OnMed, Resmed, Variowell, WithingsEnergy Transition: Emerging technologies both drive and address the challenges of the energy transition. A new conference track on the energy transition will dive in to shaping a sustainable future while overcoming technical and scalability barriers.Exhibitor Examples: Eaton, Eneos, Hitachi, Qnovo, SK, WePower TechnologiesMobility: CES brings together the entire ecosystem of mobility—from passenger and autonomous cars to construction, agriculture, marine tech, and advanced air travel. The new stage in West Hall will showcase programming that envisions the future of mobility and explores how we can create a more sustainable and connected world.Exhibitor Examples: BMW, Brunswick, Caterpillar, Honda, John Deere, Oshkosh, Scout MotorsQuantum: Expect hardware, software, and AI using quantum mechanics to improve technologies and create new applications with enhanced security, sensing, and computing that will drive innovation forward. A new half-day of conference programming in partnership with Quantum World Congress will highlight these advancements.Exhibitor Examples: Cellid, Combat Capabilities Development Command (DEVCOM), Integrated Quantum PhotonicSustainability: Exhibitors will show technologies aimed at reducing emissions and improving energy efficiency, as well as innovations in sustainable and carbon-neutral materials.Exhibitor Examples: D-Carbonize, Exeger, Jackery, Panasonic

Must-See Keynotes and Presentations

Monday, January 6NVIDIA Founder and CEO Jensen Huang – 6:30 PM, Mandalay BayTuesday, January 7Panasonic Holdings Corporation Group CEO Mr. Yuki Kusumi, 8:30 AM, The VenetianCTA CEO and Vice Chair Gary Shapiro and CTA President Kinsey Fabrizio, 8:30 AM, The VenetianSiriusXM CEO Jennifer Witz, 11 AM, ARIAX Corp CEO Linda Yaccarino, 1:30 PM, The VenetianDelta Air Lines CEO Ed Bastian, 5 PM, SphereThis will mark the first CES keynote ever hosted at the groundbreaking venue.This keynote will have a different ticketing process and venue policies than other keynotes. For more information, visit ces.tech. Get the full Delta keynote experience at Sphere beginning at 3 PM when the doors open for an immersive and interactive exhibit in the venue’s Atrium to celebrate Delta’s 100-year journey. Following the keynote, Delta is thrilled to welcome multiple GRAMMY Award winning music icon Lenny Kravitz to the stage.Professional photography and videography will be available on Delta News Hub shortly after the keynote. Wednesday, January 8Volvo Group President and CEO Martin Lundstedt, 9 AM, The VenetianAccenture Chair and CEO Julie Sweet, 2 PM, The VenetianWaymo Co-CEO Tekedra Mawakana, Leaders in Technology Dinner *invite only

Top Conference Tracks

Accessibility – Discover innovation and technologies for people of all ages and abilities.

Accessibility and Mobility: Bridging the Gap, Tuesday, January 7, 11 AM, Venetian, LandoTech for Good: How Technology is Empowering Neurodivergent, Tuesday, January 7, 2 PM, Venetian, LandoEmpowering Independence: How AI is Improving Daily Lives, Tuesday, January 7, 3 PM, Venetian, Lando

CES Creator Space, presented by Sony – The stage at the CES Creator Space, sponsored by Pinterest and emceed by Shira Lazar, will feature three days of programming designed to help creators hone their craft. The area is open to credentialed media only.

State of the Creator Economy, Tuesday, January 7, 10:30 AM, CES Creator Stage, LVCC, Grand LobbyMeasuring Success in the Creator Economy, Thursday, January 9, 11:45 AM, CES Creator Stage, LVCC, Grand LobbyKeeping Sane: Mental Health in the Creator Economy, Thursday, January 9, 2:15 PM, CES Creator Stage, LVCC, Grand Lobby

Digital Health – Learn about the innovations that tackle major health challenges and empower consumers to take control of their health.

Health AI in 2030, Wednesday, January 8, 2 PM, Venetian, Marcello 4404Next Gen Wearable Tech, Thursday, January 9, 9 AM, Venetian, Marcello 4404Advancing Women’s Health: Innovations, Challenges, and Solutions, Thursday, January 9, 10 AM, Venetian, Level 4, Marcello 4404

Energy Transition – Explore how companies plan to address sustainable power solutions.

The Energy Infrastructure of the Future, Thursday, January 9, 9 AM, LVCC, N261Navigating the Energy Transition, Thursday, January 9, 10 AM, LVCC, N261The Key to Powering a Sustainable AI Revolution, Thursday, January 9, 11 AM, LVCC, N261

Great Minds – Explore the intersection of technology and humanity. Speakers featured in the Great Minds series include C-Suite executives, philanthropists, influencers, government leaders, entrepreneurs, venture capitalists, and more. Sessions include:

The New Era of the Automotive Ecosystem, Wednesday, January 8, 11 AM, LVCC West Hall, W232Shaping a New Era of Ingenuity: The Power of Inclusive Innovation, Wednesday, January 8, 3 PM, LVCC, West Hall, W232Revolutionizing Customer Engagement, Thursday, January 9, 10 AM, LVCC, West Hall, W232Don’t miss experts from NASA, Netflix, Mastercard, Coach, and more on the stage.

Innovation Policy Summit – CES gathers policymakers from across the world to discuss domestic and global tech policy issues including privacy, trade, competition, and more.

Is Big Always Bad: Big Tech and the Innovation Economy, Tuesday, January 7, 1 PM, LVCC, N258Tech Without Borders: The Benefits of Tech for All Communities, Wednesday, January 8, 9 AM, LVCC, N258Trade in 2025: Will the World Fracture or Reglobalize, Wednesday, January 8, 3:40, PM, LVCC, N258

Mobility Stage – New stage features the future of mobility, from electrification to connected vehicles, new battery technology, and advancements in AI.

How to Build Physical AI for Mobility, Tuesday, January 7, 10:30 AM, LVCC West Hall 1, Mobility StageBreakthroughs in Battery Tech Redefine EV Driving, Tuesday, January 7, 2:20 PM, LVCC West Hall 1, Mobility StageRevolutionizing the Future of Driving – Unleashing the Power of AI, Wednesday, January 8, 2:20 PM, LVCC, West Hall 1, Mobility Stage

Quantum Means Business – New partnership with Quantum World Congress to address how hardware, software, and AI are using quantum mechanics to improve technologies and create new applications.

Quantum is Here: Computing Advancements and Tangible Applications, Thursday, January 9, LVCC, 9 AM, West Hall, W218Global Industry Challenge: Celebrating International Year of Quantum, Thursday, January 9, 10 AM, LVCC, West Hall, W218Quantum is Now: Unprecedented Improvement in Precision and Sensitivity, Thursday, January 9, 11 AM, LVCC, West Hall, W218

Research Summit – Learn about consumer and enterprise trends across verticals.

Breaking Through the EV Demand Plateau with AI and Data Analytics, presented by EY, Monday, January 6, 1 PM, LVCC, West Hall, W232Declaration of Autonomy: Is Trust the Limit of AI’s Possibilities, presented by Accenture, Tuesday, January 7, 2 PM, LVCC West Hall, W232Navigating the Consumer Tech Landscape: Insights to Drive Growth, presented by Circana, Tuesday, January 7, 3 PM, LVCC, West Level 2, W232

Familiar faces – from musicians to sports legends and film and television stars – will be on the CES stage and throughout the show discussing and experiencing the latest innovations.

Experience the CES Show Floor

Explore innovation from global companies, including first-time exhibitors such as Foxconn (FIH Mobile), Komatsu, Oshkosh, Suzuki, and Scout Motors.

LVCC Central Hall

Showcasing the latest technology around the home and immersive entertainment – the central hub for customized, in-home entertainment, and family gaming.Exhibitor Examples: Bosch, Hisense, LG, Panasonic, Samsung, Sony, TCL

LVCC North Hall

Focused on smart communities, IoT, AI, sustainability, energy, and enterprise solutions. North Hall shows how these technologies work together to support our daily lives now and in the future.Exhibitor Examples: AIMA E-Bike, Hitachi, Indiegogo, Siemens, Xpeng AeroHT

LVCC South Hall

Back for 2025, the South Hall is where the accessories and memorable products come to life to improve how we live and work.Exhibitor Examples: EcoFlow, Green Merit Ltd, Maono, Pecron, Pkcell

LVCC West Hall

Experience the entire ecosystem of mobility at CES—from passenger and self-driving cars to construction, agriculture, boating, and advanced air travel.Exhibitor Examples: Amazon Automotive, Honda, Invo Station, MobileEye, Qualcomm, Waymo

C Space®/ARIA

Where the world’s leading brands, advertisers, media platforms, and content creators meet to forge deals, explore trends, and unveil the latest technologies reshaping the industry.Exhibitor Examples: Disney, Fox, iHeart, Kroger, Mars, Reddit, Roku, T-Mobile, Uber Ads, Walmart Ads

The Venetian

The home of smart living, including digital health, smart home, energy management, security, education, lifestyle, and food tech.Exhibitor Examples: AARP, Pawport, RenphoThe Venetian is also home to the CES Innovation Awards Showcase, with the next round of embargo award honorees scheduled to be announced on January 5.

Eureka Park at The Venetian

The startup hub of CES, home to nearly 1400 startups from around the globe.Exhibitor Examples: Global pavilions from Korea, Japan, Taiwan, Ukraine, the U.S., and others from around the world.

To search for CES exhibiting companies – by product category, keyword, or country – visit the Exhibitor Directory.

Media Days
Hear from dozens of the world’s biggest brands breaking news at two days of media-only events, January 5-6 at Mandalay Bay, including CES Unveiled and CES Tech Trends to Watch.

Press Conferences – Major brands will make announcements, including LG, Hisense, John Deere, Samsung, and Sony – January 5 and 6, Mandalay BayCES 2025 Tech Trends to Watch – Hear the top trends at CES 2025 and beyond –Sunday, January 5, 4 PM, Mandalay Bay, Oceanside CCES Unveiled Las Vegas – The Official Media Event of CES 2025 with innovative product previews – Sunday, January 5, 5-8:30 PM, Mandalay Bay, Shoreline Exhibit Hall

Media Resources
Visit the CES Media Resources for access to:

Media Room Hours and LocationsShuttle Bus InformationB-RollCES Photo Gallery

For the latest news and information, visit CES.tech. Register for CES 2025 here.

About CES®:
CES is the most powerful tech event in the world – the proving ground for breakthrough technologies and global innovators. This is where the world’s biggest brands do business and meet new partners, and the sharpest innovators hit the stage. Owned and produced by the Consumer Technology Association (CTA)®, CES features every aspect of the tech sector. CES 2025 takes place Jan. 7-10, 2025, in Las Vegas. Learn more at CES.tech and follow CES on social.

About Consumer Technology Association (CTA)®:
As North America’s largest technology trade association, CTA is the tech sector. Our members are the world’s leading innovators – from startups to global brands – helping support more than 18 million American jobs. CTA owns and produces CES® – the most powerful tech event in the world. Find us at CTA.tech. Follow us @CTAtech.

View original content to download multimedia:https://www.prnewswire.com/news-releases/what-not-to-miss-at-ces-2025-302342319.html

SOURCE Consumer Technology Association