Canoo Inc (GOEV) Q3 2024 Earnings Call Highlights: Navigating Growth and Challenges Amidst ... [Yahoo! Finance]
Canoo Inc. - Class A (GOEV)
Company Research
Source: Yahoo! Finance
Canoo Inc ( NASDAQ:GOEV ) reported its highest revenue quarter with $891,000 in revenue, indicating growth in its financial performance. The company has successfully consolidated its facilities from six to three, focusing on Texas and Oklahoma, which is expected to drive efficiency and cost savings. Canoo Inc ( NASDAQ:GOEV ) has achieved 45 relocations from California to Oklahoma, strengthening its operational base in the region. The company has established a legal entity in the UK and completed individual vehicle approval for its pilot vehicles, expanding its market presence. Canoo Inc ( NASDAQ:GOEV ) has raised $28 million in capital and secured a $12 million credit facility, enhancing its financial stability and ability to meet operational needs. Canoo Inc ( NASDAQ:GOEV ) has faced challenges in navigating capital markets, impacting its manufacturing plans and workforce stability. The company had to furlough 23% of its workforce in Oklahoma City, indicating financial a
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GOEV
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. Announces Third Quarter 2024 ResultsGlobeNewswire
- 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