Canoo Inc. Announces Third Quarter 2024 Results
Canoo Inc. - Class A (GOEV)
Company Research
Source: GlobeNewswire
Quarterly revenue of $0.9 million, and year-to-date revenue of $1.50 millionQuarterly Adjusted EBITDA was $(37.7) million, an improvement of 2% versus Q3 2023Adjusted Net Loss Per Share was $(0.54), a 67% improvement versus $(1.71) in Q3 2023 and comparable to $(0.61) per share in Q2 2024Quarterly cash outflow of $31.3 million in Q3 2024, compared to cash outflow of $39.4 million in Q2, 2024, a 20.7% reduction between Q3 and Q2 2024, and a 58.6% reduction from Q3 2023.Our consolidation of operations from California to Texas and Oklahoma will result in estimated future savings of approximately $12 million - $14 million on an annualized basis, with potential for additional savings. JUSTIN, Texas, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility company, today announced its financial results for the third quarter of 2024. “We are grateful for the support of our customers, partners, their belief in us, and in our amazing product. While we focu
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News
- Canoo Inc. (NASDAQ: GOEV) had its price target lowered by analysts at HC Wainwright from $4.00 to $2.00. They now have a "buy" rating on the stock.MarketBeat
- Canoo Inc (GOEV) Q3 2024 Earnings Call Highlights: Navigating Growth and Challenges Amidst ... [Yahoo! Finance]Yahoo! Finance
- Canoo Schedules Third Quarter 2024 Earnings Conference Call and WebcastGlobeNewswire
- Canoo Partners with The AA in the UK for Premium Roadside Assistance Services to Commercial and Government CustomersGlobeNewswire
- Canoo Inc. (GOEV) Advances While Market Declines: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
GOEV
Earnings
- 11/13/24 - Beat
GOEV
Sec Filings
- 11/14/24 - Form 10-Q
- 11/13/24 - Form 8-K
- 11/5/24 - Form 8-K
- GOEV's page on the SEC website