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. Announces 1-for-20 Reverse Stock Split Effective December 24, 2024GlobeNewswire
- Curtains for Canoo? [Verge, The]Verge, The
- Canoo Announces Furloughs and Factory Idle as it Focuses on Finalizing Securing CapitalGlobeNewswire
- Is Canoo (GOEV) a Buy as Wall Street Analysts Look Optimistic? [Yahoo! Finance]Yahoo! Finance
- Canoo Announces Adjournment of Annual Meeting [Yahoo! Finance]Yahoo! Finance
GOEV
Earnings
- 11/13/24 - Beat
GOEV
Sec Filings
- 12/20/24 - Form 8-K
- 12/13/24 - Form 8-K
- 12/6/24 - Form 8-K
- GOEV's page on the SEC website