Canoo (GOEV) Doubts Its Ability to Continue as a Going Concern [Yahoo! Finance]
Canoo Inc. - Class A (GOEV)
Company Research
Source: Yahoo! Finance
If the company fails to raise the necessary funding, it may have to limit its operations or potentially shut down. Although Canoo's management is striving to raise additional capital, the company's ability to raise funds through the sale and issuance of additional debt or equity securities or traditional banking or financing channels may be impaired. The company's existing cash resources and additional sources of liquidity are not enough to sustain planned operations for the upcoming 12 months. Canoo reported a net loss of $29 million and $302.6 million in the fourth quarter of 2023 and full-year 2023, respectively. The company had incurred a loss of $80.2 million in the fourth quarter of 2022 and $487.7 million in full-year 2022. The EV maker's cash and cash equivalents fell to $6.4 million on Dec 31, 2023, from $36.6 million reported at the end of 2022. With an aim to develop a new generation of sustainable cars, the company went public in 2022. In August 2022, Canoo su
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GOEV
News
- Is Canoo Inc. (GOEV) Among the Best EV Stocks to Buy for the Long Term? [Yahoo! Finance]Yahoo! Finance
- Canoo Launches Commercial Operations and Activation Center in the United KingdomGlobeNewswire
- Canoo’s Oklahoma City Manufacturing Facility Achieves Final Activation as First Automotive Foreign-Trade Zone in the State of OklahomaGlobeNewswire
- Canoo Inc. (GOEV) Advances While Market Declines: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- Canoo (GOEV) Is Considered a Good Investment by Brokers: Is That True? [Yahoo! Finance]Yahoo! Finance
GOEV
Earnings
- 8/14/24 - Beat
GOEV
Sec Filings
- 9/27/24 - Form PRE
- 9/24/24 - Form 8-K
- 9/19/24 - Form 4
- GOEV's page on the SEC website