GOEV - Earnings announcements

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, Te

JUSTIN, Texas, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ:GOEV), a high-tech advanced mobility company, today announced that it will report its financial results for the third quarter ended September 30, 2024 after the market close on Wednesday, November 13, 2024 and host a conference call and webcast at 5 p.m. ET to discuss the results. The call will be hosted by Tony Aquila, Investor, Executive Chairman and Chief Executive Officer, Kunal Bhalla, Chief Financial Officer, and Ramesh Murthy, Senior Vice President Finance, Chief Accounting Officer, and Chief Administrative Officer. Conference Call and Webcast DetailsA slide presentation and webcast link will be posted on the Canoo

Quarterly revenue record of $605KQuarterly Adjusted EBITDA was $(38.6) million, an improvement of 38% versus Q2 2023, and an improvement of 20% versus Q1 2024Adjusted Net Loss Per Share was $(0.61), a 46% improvement from $(1.13) per share in Q1 202433% or $20.7 million reduction in Operating Expenses versus Q1 2024Reduced total quarterly cash outflow by $39 million or 49% in Q2 2024 versus Q2 2023Relocating headquarters from California to Texas and continued migration to our Oklahoma City and Pryor, OK facilitiesSuccessfully concluded Red Sea Global pilot in extreme terrains and climatic conditionsAdvanced our customer acquisition of large commercial fleets in the US, UK and Middle-East whi

JUSTIN, Texas, July 23, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ:GOEV), a high-tech advanced mobility company, today announced that it will report its financial results for the second quarter ended June 30, 2024 after the market close on Wednesday, August 14, 2024 and host a conference call and webcast at 5 p.m. ET to discuss the results. The call will be hosted by Tony Aquila, Investor, Executive Chairman and Chief Executive Officer, Greg Ethridge, Chief Financial Officer and Ramesh Murthy, Senior Vice President, Finance and Chief Accounting Officer. Conference Call and Webcast DetailsA slide presentation and webcast link will be posted on the Canoo Investor Relations website at inves

Quarterly Adjusted EBITDA was $(48.3) million, an improvement of 28.0% (or $18.8 million) versus Q1 2023 and an improvement of 11.5% (or $6.3 million) versus Q4 2023Adjusted Net Loss Per Share was $(1.13) per share, a 34.6% Improvement from $(1.73) per share in Q4 2023Increased Purchases of Long Lead Time New and Like New Equipment at Large Discounts by Six Times in Q1 2024 versus Q4 2023; Reduces Future Capital Expenditures by Approximately $50 million in 2024Active Discussions on Additional Purchases of Deeply Discounted EquipmentDeliveries to US Postal Service of Right-Hand Drive LDV 190s; On the Road Delivering MailEnters $30 Billion TAM Saudi Arabia Market with Commercial Vehicle SalesD

Justin, TX, May 03, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ:GOEV), a high-tech advanced mobility company, today announced that it will report its financial results for the quarter ended March 31, 2024 after market close on Tuesday, May 14, 2024. The Company will host a conference call and live webcast at 5:00 pm ET to discuss the results, followed by a question-and-answer period. Those interested are invited to listen to the live webcast online here. A replay of the webcast will be available shortly afterwards here. Date: Tuesday, May 14, 2024Time: 5:00 pm ETU.S. Dial-in: 877-407-9169International Dial-in: 201-493-6755Access ID: 13746555 An audio replay of the call will be availa

45% or $184.2 million Annual Adjusted EBITDA Improvement from $(408.6) million in 2022 to $(224.4) million in 202340% or $11.9 million Reduction in Capital Expenditures versus already reduced 2023 Second-Half GuidanceSecured USPS Agreement to Purchase Right Hand Drive LDV 190sStarted Commercial Fleet Customer DeliveriesAcquired Advanced Manufacturing Assets at Deep Discounts Reducing Anticipated Capital Expenditures by ~34%Oklahoma City Manufacturing Facility Designated as Foreign Trade Zone ("FTZ") Opening International Expansion and Delivers up to $70.0 million in Estimated Vehicle Cost Savings and Duty Deferrals in 2024 and 2025Appointed Former NASA Chief Technology Officer Deborah Diaz a

Justin, TX, March 11, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ:GOEV), a high-tech advanced mobility company, today announced that it will report its financial results for the quarter and full year ended December 31, 2023 after market close on Monday, April 1, 2024. The Company will host a conference call and live webcast at 5:00 pm ET to discuss the results, followed by a question-and-answer period.  Those interested are invited to listen to the live webcast online here. A replay of the webcast will be available shortly afterwards here.  Date: Monday, April 1, 2024 Time: 5:00 pm ET  U.S. Dial-in: 877-407-9169 International Dial-in: 201-493-6755  Access ID: 13744832  An audio replay of t

Accelerating revenue generation phaseDelivering first units to state of Oklahoma as part of up to 1,000-unit agreementCommissioned ladder frame and battery linesLDV 190 undergoing customer evaluation and testingAnnounced the American Bulldog, builds upon rapid product development and real-world testingJUSTIN, Texas, Nov. 14, 2023 /PRNewswire/ -- Canoo Inc. (NASDAQ:GOEV), a high-tech mobility company, today announced its financial results for the third quarter of 2023. "We are now in our manufacturing and revenue-generation phase, while we still have things left to prove. We ha

SEC matter is settledIntroduced a derivative of the Lifestyle Delivery Vehicle (LDV), the LDV 190Achieved installed manufacturing capacity at Oklahoma City and Pryor, Oklahoma locationsGenerated first revenues from vehicle deliveries and government contractClosed on Fortune 100 customer agreement to purchase vehicles for national fleetJUSTIN, Texas, Aug. 14, 2023 /PRNewswire/ -- Canoo Inc. (NASDAQ:GOEV), a high-tech advanced mobility company, today announced its financial results for the second quarter of 2023. "We are pleased to close the chapter involving the legacy SEC matt

JUSTIN, Texas, July 31, 2023 /PRNewswire/ -- Canoo (NASDAQ:GOEV), a high-tech advanced mobility company, today announced that it will report its financial results for the quarter ended June 30, 2023 after market close on Monday, August 14, 2023. The Company will host a conference call and live webcast at 5:00 pm ET to discuss the results, followed by a question-and-answer period. Those interested are invited to listen to the live webcast online here. A replay of the webcast will be available shortly afterwards here. Date: Monday, August 14, 2023Time: 5:00 pm ETU.S. Dial-in: 87

Our LDV vehicle is eligible for the full IRA commercial tax credit of $7,500 in 202325% reduction in annual operating expenses compared to last fiscal yearSecured favorable long-term lease for Oklahoma City manufacturing facilityFocused on exiting 2023 at a 20K run-rate, which opens the ability for us to move to 40k run-rate by 2024 to meet demandTargeting Gross Margin positive in 2025JUSTIN, Texas, May 15, 2023 /PRNewswire/ -- Canoo Inc. (NASDAQ:GOEV), a high-tech advanced mobility company, today announced its financial results for the first quarter of 2023. "Medium to long t

JUSTIN, Texas, May 4, 2023 /PRNewswire/ -- Canoo (NASDAQ:GOEV), a high-tech advanced mobility company, today announced that it will report its financial results for the quarter ended March 31, 2023 after market close on Monday, May 15, 2023. The Company will host a conference call and live webcast at 5:00 pm ET to discuss the results, followed by a question-and-answer period. Those interested are invited to listen to the live webcast online here. A replay of the webcast will be available shortly afterwards here. Date: Monday, May 15, 2023 Time: 5:00 pm ET U.S. Dial-in: 877-407-9169 International Dial-in: 201-493-6755 Access ID: 13738439 An audio replay of the call will be available shortly a

SEC Investigation Resolved with the Staff Concluding in a $1.5M PaymentContract Awarded: Department of Defense Selected Canoo for Battery Module Testing and DemonstrationFirst Order Fulfilled: LTV Delivered to US ArmyPhase 1 SOP Michigan CompletedPhase 2 SOP Kicked-off In Pryor and Oklahoma CityJUSTIN, Texas, March 30, 2023 /PRNewswire/ -- Canoo Inc. (NASDAQ:GOEV), a high-tech advanced mobility company, today announced its financial results for the fourth quarter and fiscal year 2022. "In 2022, we focused on achieving as many of our milestones as possible, including: aggressiv

JUSTIN, Texas, March 16, 2023 /PRNewswire/ -- Canoo (NASDAQ:GOEV), a high-tech advanced mobility company, today announced that it will report its financial results for the quarter and full year ended December 31, 2022 after market close on Thursday, March 30, 2023. The Company will host a conference call and live webcast at 5:00 pm ET to discuss the results, followed by a question-and-answer period. Those interested are invited to listen to the live webcast online here. A replay of the webcast will be available shortly afterwards here. Date: Thursday March 30, 2023Time: 5:00 p

Strong Customer Demand: Growing Order Book at +$2B with $750M Binding OrdersProduct Validated: Completed Advanced Deliveries to Refine and Finalize Vehicle Custom Configuration for WalmartManufacturing Secured: SOP on November 17, 2022 and Vehicle & Battery Module Manufacturing Facilities AnnouncedClear Path to Secure Funding: Finalizing Multiple Equity Initiatives & Evaluating Non-Dilutive Capital Sources On A $500M Asset AppraisalJUSTIN, Texas, Nov. 9, 2022 /PRNewswire/ -- Canoo Inc. (NASDAQ:GOEV), a high-tech advanced mobility company, today announced its financial results for the third quarter of 2022.

JUSTIN, Texas, Oct. 19, 2022 /PRNewswire/ -- Canoo (NASDAQ:GOEV), a high-tech advanced mobility company, today announced that it plans to report its financial results for the second quarter ended September 30, 2022 after market close on Wednesday, November 9, 2022. The Company will host a conference call and live webcast at 5:00 pm ET to discuss the results, followed by a question-and-answer period. Those interested are invited to listen to the live webcast online here. A replay of the webcast will be available shortly afterwards here. Date: Wednesday, November 9, 2022Time: 5:

Over $1 billion sales pipeline$300 million Pre-Paid Advance Agreement and $200 million At-the-Market program which reduce cost of capital and increase both capacity and access to capitalWalmart signed definitive agreement to purchase 4,500 units, beginning with the Lifestyle Delivery Vehicle (LDV), with an option to purchase up to 10,000 unitsJUSTIN, Texas, Aug. 8, 2022 /PRNewswire/ -- Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility company, today announced its financial results for the second quarter of 2022. "We have more than $1 billion in our sales pipeline which

JUSTIN, Texas, July 25, 2022 /PRNewswire/ -- Canoo Inc. (NASDAQ:GOEV), a high-tech advanced mobility company, today announced that it plans to report its financial results for the second quarter ended June 30, 2022 after market close on Monday, August 8, 2022. The Company will host a conference call and live webcast at 5:00 pm ET to discuss the results, followed by a question-and-answer period. Those interested are invited to listen to the live webcast online here. A replay of the webcast will be available shortly afterwards here. Date: Monday, August 8, 2022 Time: 5:00 pm ET

$300 million in total funding via a committed PIPE from an existing shareholder and an equity purchase agreement with financing partner Yorkville Advisors In addition, the Company has filed a $300 million universal shelf A total of $600 million in accessible capital to optimize the Company's financial needs to SOP JUSTIN, Texas, May 10, 2022 /PRNewswire/ -- Canoo Inc. (NASDAQ:GOEV), a high-tech advanced mobility company, today announced its financial results for the first quarter of 2022. "We have been clear about our philosophy of raising capital judiciously and will contin

JUSTIN, Texas, April 26, 2022 /PRNewswire/ -- Canoo Inc. (NASDAQ:GOEV), a high-tech advanced mobility company, today announced that it plans to report its financial results for the first quarter ended March 31, 2022 after market close on Monday, May 9, 2022. The Company will host a conference call and live webcast at 5:00 pm ET to discuss the results, followed by a question-and-answer period. Those interested are invited to listen to the live webcast online here. A replay of the webcast will be available shortly afterwards here. Date: Tuesday, May 10, 2022Time: 5:00 pm ETU.S.

JUSTIN, Texas, Feb. 28, 2022 /PRNewswire/ -- Canoo Inc. (NASDAQ:GOEV), a high-tech advanced mobility company, today announced its financial results for the fourth quarter and fiscal year 2021. "We continue to make key progress and recently executed multiple agreements with the state of Oklahoma, including for the purchase of 1,000 vehicles. We broke ground in Pryor Oklahoma, and announced our Advanced Manufacturing facility in Bentonville, Arkansas," stated Tony Aquila, Investor, Chairman & CEO at Canoo. "We'd like to thank the Governors of Oklahoma, Arkansas and the Chief of

JUSTIN, Texas, Nov. 15, 2021 /PRNewswire/ -- Canoo Inc. (NASDAQ:GOEV) ("Canoo"), a company developing breakthrough electric vehicles ("EV") with a proprietary and highly versatile EV platform for personal and business use, today announced its financial results for the third quarter of 2021. "Our discipline continues to be Big News or No News. Therefore, we will accelerate our advanced manufacturing production in the U.S. to begin before Q4 2022," stated Tony Aquila, Investor, Chairman & CEO at Canoo Inc. "In June we announced Pryor, Oklahoma as the location for our owned manuf

JUSTIN, Texas, Nov. 1, 2021 /PRNewswire/ -- Canoo Inc. (NASDAQ:GOEV), a company developing breakthrough purpose-built electric vehicles (EVs) with a proprietary and highly versatile platform architecture, today announced that it plans to report its financial results for the third quarter ended September 30, 2021 after market close on Monday, November 15, 2021. The Company will host a conference call and live webcast at 5:00pm ET to discuss the results, followed by a question-and-answer period. Those interested are invited to listen to the live webcast online here.  A replay of

JUSTIN, Texas, Aug. 16, 2021 /PRNewswire/ -- Canoo Inc. (NASDAQ:GOEV) ("Canoo"), a company developing breakthrough electric vehicles ("EV") with a proprietary and highly versatile EV platform for personal and business use, today announced its financial results for the second quarter of 2021. "At Canoo we are focused on bringing sustainable and affordable mobility to the working people of America and beyond. We awarded two significant contracts - phase 1, contract manufacturing with VDL Nedcar and phase 2, selecting Oklahoma as our partner for our owned manufacturing plant," sa

DALLAS, Aug. 4, 2021 /PRNewswire/ -- Canoo Inc. (NASDAQ:GOEV), a company developing breakthrough purpose-built electric vehicles (EVs) with a proprietary and highly versatile platform architecture, today announced that it plans to report its financial results for the second quarter ended June 30, 2021 after market close on Monday, August 16, 2021. The Company will host a conference call and live webcast at 5:00pm ET to discuss the results, followed by a question-and-answer period. Those interested are invited to listen to the live webcast online here. A replay of the webcast w

DALLAS, May 17, 2021 /PRNewswire/ -- Canoo Inc. (NASDAQ:GOEV) ("Canoo"), a company developing breakthrough electric vehicles ("EV") with a proprietary and highly versatile EV platform for consumer and commercial use, today announced its financial results for the first quarter results for 2021. "I am pleased with the rapid transition we have made to execute on the enhanced business strategy we announced last quarter. We priced our vehicles in line with our mission to bring EVs to everyone and opened most of our line-up for preorders – the Lifestyle Vehicle and its variants, our