Canoo Names Ethridge Chief Financial Officer

$GOEV
Auto Parts:O.E.M.
Consumer Discretionary
Get the next $GOEV alert in real time by email

JUSTIN, Texas, Aug. 28, 2023 /PRNewswire/ -- Canoo (NASDAQ:GOEV), a leading high-tech advanced mobility company, announced it has named current Board Member Greg Ethridge as Chief Financial Officer, succeeding Ken Manget.  Ethridge will report to Canoo Chairman and CEO, Tony Aquila.  This move is effective immediately, and Ethridge will assume responsibilities for capital markets, investor relations, accounting & financial reporting functions. Ethridge agrees to resign from Canoo's Board of Directors by the end of the year.

"I am pleased to announce the appointment of Greg to Canoo's executive management team. Greg has served on the Canoo board since 2020 and has a strong understanding of our business strategy and long-term plans," said Tony Aquila, Chairman and CEO at Canoo. "I'm grateful for the hard work that Ken delivered and wish him the best in the future." 

Ethridge has deep experience in capital markets and finance over his career having previously served as president, chief operating officer and a director of Hennessy Capital Acquisition Corporation IV, V and VI. He also held director or executive positions at Motorsports Aftermarket Group, MatlinPatterson Global Advisers LLC, FXI Holdings Inc., Gleacher and Company, Imperial Capital LLC, Jefferies and Company, Inc., as well as other boards and investment firms.

About Canoo

Canoo's mission is to bring EVs to Everyone. The company has developed breakthrough electric vehicles that are reinventing the automotive landscape with bold innovations in design, pioneering technologies, and a unique business model that spans the full lifecycle of the vehicle. Distinguished by its experienced team from leading technology and automotive companies – Canoo has designed a modular electric platform purpose-built to deliver maximum vehicle interior space that is customizable across all owners in the vehicle lifecycle to support a wide range of vehicle applications for consumers and businesses.  

Canoo has teams in California, Texas, Michigan, Oklahoma, and Arkansas. For more information, please visit www.canoo.com. For Canoo press materials, including photos, please visit press.canoo.com. For investors, please visit www.investors.canoo.com

Forward-Looking Statements

The information in this press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward- looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of financial and performance metrics, expectations and timing related to commercial product launches and the achievement of operational milestones, including the ability to meet and/or accelerate anticipated production timelines, Canoo's ability to capitalize on commercial opportunities, current or anticipated customer orders, and expectations regarding the development of facilities. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Canoo's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Canoo. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; Canoo's ability to access future capital, via debt or equity markets, or other sources; the rollout of Canoo's business and the timing of expected business milestones and commercial launch; future market adoption of Canoo's offerings; risks related to Canoo's go-to-market strategy and manufacturing strategy; the effects of competition on Canoo's future business, and those factors discussed under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in Canoo's Annual Report on Form 10-K for the fiscal year ended December 31, 2022 filed with the U.S. Securities and Exchange Commission (the "SEC") on March 30, 2023, as well as its past and future Quarterly Reports on Form 10-Q and other filings with the SEC, copies of which may be obtained by visiting Canoo's Investors Relations website at investors.canoo.com or the SEC's website at www.sec.gov. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Canoo does not presently know or that Canoo currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Canoo's expectations, plans or forecasts of future events and views as of the date of this press release. Canoo anticipates that subsequent events and developments will cause Canoo's assessments to change.

However, while Canoo may elect to update these forward-looking statements at some point in the future, Canoo specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Canoo's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/canoo-names-ethridge-chief-financial-officer-301910700.html

SOURCE Canoo

Get the next $GOEV alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$GOEV

DatePrice TargetRatingAnalyst
12/31/2024Buy → Hold
Stifel
5/15/2024Buy → Hold
R. F. Lafferty
4/17/2024$5.00Buy
The Benchmark Company
1/5/2024$4.00Outperform
Wedbush
9/16/2022$4.00Buy
Stifel
12/16/2021$9.00 → $14.00Neutral → Buy
ROTH Capital
9/7/2021$15.00Buy
HC Wainwright & Co.
8/17/2021$10.00 → $7.00Neutral
Roth Capital
More analyst ratings

$GOEV
Press Releases

Fastest customizable press release news feed in the world

See more
  • Canoo Inc. Announces Chapter 7 Bankruptcy Filing

    JUSTIN, Texas, Jan. 17, 2025 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ:GOEV), (the "Company"), a high-tech advanced mobility and energy company, today announced that it has filed a voluntary petition for relief under Chapter 7 of the U.S. Bankruptcy Code. The filing, made with the U.S. Bankruptcy Court for Delaware, will result in the federal appointment of a Bankruptcy Trustee to oversee the liquidation of the Company's assets and the distribution of proceeds to creditors. Despite being American-made, successfully delivering to such esteemed organizations as NASA, the Department of Defense ("DOD"), The United States Postal Service ("USPS"), the State of Oklahoma and having agreements with W

    $GOEV
    Auto Parts:O.E.M.
    Consumer Discretionary
  • Canoo Inc. Announces 1-for-20 Reverse Stock Split Effective December 24, 2024

    JUSTIN, Texas, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ:GOEV), ("Canoo" or the "Company"), an advanced high-tech mobility company, announced today that it will effect a 1-for-20 reverse stock split of its common stock, par value $0.0001 per share ("Common Stock"), that will become effective on December 24, 2024, at 8:00 a.m., Eastern Time ("Effective Date"). Canoo's Common Stock will continue to trade on The Nasdaq Capital Market under the existing ticker symbol "GOEV" and will begin trading on a split-adjusted basis when the market opens on December 24, 2024. The new CUSIP number for Canoo's Common Stock following the reverse stock split will be 13803R300. At the Company's

    $GOEV
    Auto Parts:O.E.M.
    Consumer Discretionary
  • Canoo Announces Furloughs and Factory Idle as it Focuses on Finalizing Securing Capital

    JUSTIN, Texas, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ:GOEV), a high-tech advanced mobility company today announced the company has furloughed 82 employees, both salaried and hourly, and idling its factories in Oklahoma while it works to finalize securing the capital necessary to move forward with its operations. The company is in advanced discussions with various capital sources. Canoo said, "We regret having to furlough our employees, especially during the holidays, but we have no choice at this point. We are hopeful that we will be able to bring them back to work soon." About CanooFounded in 2017, Canoo Inc. (NASDAQ:GOEV) is an automotive tech company that manufactures e

    $GOEV
    Auto Parts:O.E.M.
    Consumer Discretionary

$GOEV
Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$GOEV
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$GOEV
SEC Filings

See more

$GOEV
Leadership Updates

Live Leadership Updates

See more
  • Canoo Inc. Announces Chapter 7 Bankruptcy Filing

    JUSTIN, Texas, Jan. 17, 2025 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ:GOEV), (the "Company"), a high-tech advanced mobility and energy company, today announced that it has filed a voluntary petition for relief under Chapter 7 of the U.S. Bankruptcy Code. The filing, made with the U.S. Bankruptcy Court for Delaware, will result in the federal appointment of a Bankruptcy Trustee to oversee the liquidation of the Company's assets and the distribution of proceeds to creditors. Despite being American-made, successfully delivering to such esteemed organizations as NASA, the Department of Defense ("DOD"), The United States Postal Service ("USPS"), the State of Oklahoma and having agreements with W

    $GOEV
    Auto Parts:O.E.M.
    Consumer Discretionary
  • Canoo Launches Commercial Operations and Activation Center in the United Kingdom

    Canoo to establish first European location in Bicester Motion allowing UK customers to experience and test drive Canoo's right-hand drive commercial electric vansCanoo's expansion poised to capitalize on the strong demand in the light commercial vehicle (LCV) market JUSTIN, Texas, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ:GOEV), a high-tech advanced mobility company, today announced the company's official launch into the United Kingdom market by establishing Canoo Technologies UK Limited, a new legal entity in the UK, marking a significant milestone in the company's global expansion strategy. Canoo has selected Bicester Motion, an iconic automotive campus, as a key loc

    $GOEV
    Auto Parts:O.E.M.
    Consumer Discretionary
  • Canoo Appoints Former NASA Chief Technology Officer Deborah Diaz and Veteran EV Transportation Leader James Chen to Board of Directors

    Justin, Texas, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ:GOEV), an advancing high-tech mobility company, today announced appointments of two leaders in electric mobility, public policy, clean energy, technology, and cybersecurity to the company's Board of Directors. The appointments of Ms. Deborah Diaz and Mr. James Chen are effective immediately."I'm excited to strengthen the board with the additions of Deborah and James," said Tony Aquila, Investor, Executive Chairman, and CEO of Canoo. "As innovators and leaders, they will support Canoo and its team achieve our strategic growth objectives and increase our market penetration."Deborah B. Diaz previously served as former Chief T

    $GOEV
    Auto Parts:O.E.M.
    Consumer Discretionary

$GOEV
Financials

Live finance-specific insights

See more
  • Canoo Inc. Announces Third Quarter 2024 Results

    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

    $GOEV
    Auto Parts:O.E.M.
    Consumer Discretionary
  • Canoo Schedules Third Quarter 2024 Earnings Conference Call and Webcast

    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

    $GOEV
    Auto Parts:O.E.M.
    Consumer Discretionary
  • Canoo Inc. Announces Second Quarter 2024 Results

    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

    $GOEV
    Auto Parts:O.E.M.
    Consumer Discretionary

$GOEV
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more