REE Automotive Provides Corporate and Business Updates and Reports Second Quarter 2024 Financial Results
REE Automotive Ltd. - Class A Ordinary Shares (REE)
Company Research
Source: GlobeNewswire
Completed $45.35 million Registered Direct offering led by M&G and Motherson securing production capital needsSigned strategic agreement with Motherson, a global automotive supplier, to strengthen REE’s supply chain management and cost structure, improve working capital efficiencies and expand outreach to global OEMsKicked-off U.S. production in Michigan with Roush as contract manufacturer for full vehicle assembly, with start of production planned for Q4 2024 and deliveries in 2025Narrowed Q2 2024 net loss by 57% QoQ while concurrently reducing free cash flow burn by 19% QoQIncreased order book by 15% QoQ, and by 289% YoY, which is valued at approximately $60 million to date as demand for Powered by REE vehicles continues to grow; REE’s dealership network expands to 78 sales and service location in the U.S.Observed significant growth of OEM interest in REE’s software-defined EV technologyCompany will hold a conference call at 8:30 a.m. ET today, September 26, 2024, which can be acces
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News
- REE Automotive Third Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- REE Automotive Reports Q3 2024 Results: Reservations Surge by 230% as Production Begins and Liquidity Increases, Reaffirming BoM Breakeven Target for H2 2025 [Yahoo! Finance]Yahoo! Finance
- REE Automotive Reports Q3 2024 Results: Reservations Surge by 230% as Production Begins and Liquidity Increases, Reaffirming BoM Breakeven Target for H2 2025GlobeNewswire
- What To Expect From REE Automotive Ltd (REE) Q3 2024 Earnings [Yahoo! Finance]Yahoo! Finance
- REE Automotive Named CES 2025 Innovation Award Honoree for Software-Defined Vehicle TechnologyGlobeNewswire
REE
Earnings
- 12/17/24 - Miss
REE
Analyst Actions
- 9/27/24 - HC Wainwright
REE
Sec Filings
- 12/20/24 - Form 144
- 12/17/24 - Form 144
- 12/17/24 - Form 6-K
- REE's page on the SEC website