Despite a sea of bad news, Fisker has released surprisingly upbeat financial results for the first quarter of 2012.

Despite a sea of bad news, Fisker has released surprisingly upbeat financial results for the first quarter of 2012.

According to the company, they delivered 1,000 Karmas and earned more than $100 million of revenue.

While these numbers are respectable, Fisker is still scrabbling to raise enough money to put the Atlantic concept into production. On this note, the company announced they have secured an additional $174 million of private financing which brings their cumulative total to over $1 billion.

In a statement, Fisker CEO Tom LaSorda said "We are encouraged by solid demand for the Karma, our unique extended-range luxury model. Pending completion of investment sourcing, we are poised to press ahead with further market expansion and development of our higher volume model, the Fisker Atlantic."