REE Automotive Q1 Adj $(1.96) Misses $(1.60) Estimate, Sales $160.00K Miss $550.00K Estimate

5/30/24 6:35:10 AM ET

Auto Manufacturing

Consumer Discretionary

Get the next $REE alert in real time by email

REE Automotive (NASDAQ:REE) reported quarterly losses of $(1.96) per share which missed the analyst consensus estimate of $(1.60) by 22.5 percent. This is a 18.67 percent increase over losses of $(2.41) per share from the same period last year. The company reported quarterly sales of $160.00 thousand which missed the analyst consensus estimate of $550.00 thousand by 70.91 percent.

Get the next $REE alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$REE

Date	Price Target	Rating	Analyst
5/17/2024	$14.00	Buy	ROTH MKM
12/1/2023	$4.00 → $4.00	Neutral → Underweight	Cantor Fitzgerald
11/17/2022		Buy → Neutral	BTIG Research
3/25/2022	$1.00	Underweight	Wells Fargo
1/14/2022	$9.00	Overweight	Cantor Fitzgerald
9/14/2021	$5.00	Underweight	Morgan Stanley
8/18/2021	$20.00	Buy	BTIG

More analyst ratings

$REE
Financials

Live finance-specific insights

REE Automotive to Report Second Quarter 2024 Financial Results on September 26, 2024
TEL AVIV, Israel, Sept. 18, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (NASDAQ:REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced it will report its second quarter 2024 financial results before the market opens on Sept. 26, 2024. A webcast and conference call will be held on the same date at 8:30 a.m. ET to review the Company's financial results for the three months ended June 30, 2024, discuss recent events and conduct a question-and-answer session. Event: REE's Second Quarter Financial Results Conference CallDate: Thursday, Sept. 26, 2024Time: 8:30 a.m. ETConference Call Dial-In: https://register.vevent.com/register/
9/18/24 8:30:00 AM ET
$REE
Auto Manufacturing
Consumer Discretionary
REE Automotive to Report First Quarter 2024 Financial Results on May 30, 2024
TEL AVIV, Israel, May 17, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (NASDAQ:REE) ("REE" or the "Company"), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced it will report its first quarter 2024 financial results before market open on Thursday, May 30, 2024. A webcast and conference call will be held on the same date at 8:30 a.m. ET to review the Company's financial results for the three months ended March 31, 2024 , discuss recent events and conduct a question-and-answer session. Event: REE's First Quarter Financial Results Conference CallDate: Thursday, May 30, 2024Time: 8:30 a.m. ETConference Call Dial-InWebcast Reg
5/17/24 8:00:00 AM ET
$REE
Auto Manufacturing
Consumer Discretionary
REE Automotive Announces Date for Fourth Quarter and Fiscal Year 2023 Earnings Release and Conference Call
TEL AVIV, Isreal, March 22, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (NASDAQ:REE) ("REE" or the "Company"), an automotive technology company and provider of full by-wire electric trucks and platforms, will release its fourth quarter and fiscal year 2023 financial results before market open on Wednesday, March 27, 2024. A webcast and conference call will be held on the same date at 8:30 a.m. ET to review the Company's financial results for the fourth quarter and fiscal year 2023, discuss recent events and conduct a question-and-answer session. The live webcast of the conference call can be accessed on the Investors section of the Company's website at investors.ree.auto. Click
3/22/24 8:00:00 AM ET
$REE
Auto Manufacturing
Consumer Discretionary

REE Automotive to Present at Two Prestigious Events in Detroit and Los Angeles
- CEO and Co-Founder Daniel Barel will speak on two panels at Reuters Automotive USA in Detroit October 21-23 alongside C-suite representatives from auto-heavyweights- Chief Operations Officer Josh Tech will present at the LD Micro Main Event in Los Angeles October 28-30 TEL AVIV, Israel, Oct. 22, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (NASDAQ:REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced that CEO and co-founder Daniel Barel will speak at Reuters Automotive USA in Detroit and Chief Operations Officer Josh Tech will present at the LD Micro Main Event XVII in Los Angeles. Both events are highly prestigious, with audi
10/22/24 12:41:39 PM ET
$REE
Auto Manufacturing
Consumer Discretionary
REE Automotive Provides Corporate and Business Updates and Reports Second Quarter 2024 Financial Results
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 P
9/26/24 6:30:00 AM ET
$REE
Auto Manufacturing
Consumer Discretionary
REE Automotive Kick-Off U.S. Production With Roush Industries as Contract Manufacturer
Production of P7 electric truck line-up to begin Q4 2024 at Roush's facility in Detroit, Michigan, with annual capacity of up to 5,000 trucks.Motherson to manage global supply chain and logistics for U.S. production as well as on-site manufacturing and quality assurance support via Motherson SAS in Detroit. Faster production ramp up, improved unit costs, and accelerated road to free-cash flow generation are expected.Customers have begun securing production slots. TEL AVIV, Israel, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Marking a significant milestone on its path to electrifying fleet vehicles across North America, REE Automotive Ltd. (NASDAQ:REE), an automotive technology company and provid
9/23/24 9:25:00 AM ET
$REE
Auto Manufacturing
Consumer Discretionary

$REE
Leadership Updates

Live Leadership Updates

REE Automotive Appoints Carlton Rose, Former Global President of Fleet Maintenance and Engineering at UPS, as Chairman of its Board of Directors
TEL AVIV, Israel, Sept. 11, 2023 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (NASDAQ:REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced that Carlton Rose has been appointed Chairman of its Board of Directors (Board), effective upon his re-election to the Board at REE's 2023 Annual Meeting of Shareholders scheduled for October 16, 2023 (AGM). Rose joined REE's Board in June shortly after retiring from a long and distinguished career at UPS where he last served as the president of global fleet maintenance and engineering. "I would like to congratulate Carlton on his appointment as Chairman in such paramount stage for REE as we prep
9/11/23 8:00:00 AM ET
$REE
Auto Manufacturing
Consumer Discretionary
REE Automotive Appoints New Chief Financial Officer, Announces New Board Members to Position the Company for Continued Growth in 2023
TEL-AVIV, Israel, March 15, 2023 (GLOBE NEWSWIRE) -- GlobeNewswire – REE Automotive Ltd. (NASDAQ:REE), an automotive technology company and provider of electric vehicle (EV) platforms, today announced that David Goldberg, who has served as Chief Financial Officer since 2022, will be stepping down from his current executive duties on March 28, 2023, to pursue other career opportunities. He will continue to work with the company through the end of June 2023 in a new role as a senior advisor. David will be succeeded by Mr. Yaron Zaltsman who has been appointed Chief Financial Officer effective March 29, 2023. Mr. Zaltsman is an experienced CFO and Board Member of several publicly listed co
3/15/23 7:15:00 AM ET
$REE
Auto Manufacturing
Consumer Discretionary
Ree Automotive Appoints Josh Tech as Chief Operations Officer
TEL AVIV, Israel, April 05, 2022 (GLOBE NEWSWIRE) -- REE Automotive ("REE") (NASDAQ:REE), today announced the appointment of operations and manufacturing executive Josh Tech as the company's chief operations officer (COO). Josh joins REE after serving on Tesla's Operations Leadership Team as Head of the New Product/Manufacturing Introduction group. Previously, he oversaw manufacturing development and launch at a worldwide leader in automotive exterior design, development, and manufacturing, and most recently served as Vice President of Manufacturing and Engineering for one of America's most advanced construction technology firms, Plant Prefab. Based in the U.S., Josh replaces Michael Charl
4/5/22 8:05:00 AM ET
$REE
Auto Manufacturing
Consumer Discretionary

REE Automotive Q1 Adj $(1.96) Misses $(1.60) Estimate, Sales $160.00K Miss $550.00K Estimate

Chat with this insight

Recent Analyst Ratings for $REE

$REE Financials

Live finance-specific insights

REE Automotive to Report Second Quarter 2024 Financial Results on September 26, 2024

REE Automotive to Report First Quarter 2024 Financial Results on May 30, 2024

REE Automotive Announces Date for Fourth Quarter and Fiscal Year 2023 Earnings Release and Conference Call

$REE Analyst Ratings

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

ROTH MKM initiated coverage on REE Automotive with a new price target

REE Automotive downgraded by Cantor Fitzgerald

REE Automotive downgraded by BTIG Research

$REE Insider Trading

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

SEC Form 4: Weisburd David bought $739,731 worth of Class A Common Stock (123,908 units at $5.97)

SEC Form 4: Thomas Hans bought $1,280,676 worth of Class A Common Stock (222,000 units at $5.77)

$REE SEC Filings

$REE Market Insights

Live Market Insights

$REE Press Releases

Fastest customizable press release news feed in the world

$REE Large Ownership Changes

This live feed shows all institutional transactions in real time.

SEC Form SCHEDULE 13G filed by REE Automotive Ltd.

SEC Form S-8 filed by REE Automotive Ltd.

SEC Form 6-K filed by REE Automotive Ltd.

HC Wainwright & Co. Reiterates Buy on REE Automotive, Maintains $15 Price Target

REE Automotive Confirms Deliveries To Customers Have Begun Including Penske, U-Haul, And Airbus

REE Automotive Q1 Adj $(1.96) Misses $(1.60) Estimate, Sales $160.00K Miss $550.00K Estimate

REE Automotive to Present at Two Prestigious Events in Detroit and Los Angeles

REE Automotive Provides Corporate and Business Updates and Reports Second Quarter 2024 Financial Results

REE Automotive Kick-Off U.S. Production With Roush Industries as Contract Manufacturer

Amendment: SEC Form SC 13G/A filed by REE Automotive Ltd.

Amendment: SEC Form SC 13G/A filed by REE Automotive Ltd.

Amendment: SEC Form SC 13D/A filed by REE Automotive Ltd.

$REE Leadership Updates

Live Leadership Updates

REE Automotive Appoints Carlton Rose, Former Global President of Fleet Maintenance and Engineering at UPS, as Chairman of its Board of Directors

REE Automotive Appoints New Chief Financial Officer, Announces New Board Members to Position the Company for Continued Growth in 2023

Ree Automotive Appoints Josh Tech as Chief Operations Officer

Recent Analyst Ratings for
$REE

$REE
Financials

$REE
Analyst Ratings

$REE
Insider Trading

$REE
SEC Filings

$REE
Market Insights

$REE
Press Releases

$REE
Large Ownership Changes

$REE
Leadership Updates