Canoo

Canoo, Inc. manufactures electric vehicles. It designed a modular electric platform purpose-built to deliver maximum vehicle interior space and adaptable to support a wide range of vehicle applications for consumers and businesses. The company was founded in August 2018 and is headquartered in Torrance, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Canoo reports robust Q4 performance, eyes growth through strategic partnerships

Canoo demonstrated strong performance and financial management in Q4 2022, focusing on key milestones and growth strategies.
While challenges exist in production targets and financing, opportunities in tax credits and strategic partnerships offer avenues for expansion.
Overall, Canoo's emphasis on manufacturing, fleet sales, and financial discipline positions it well for growth and market success.

Canoo reports progress in zero-emission vehicles and capital raise strategy

Canoo's Q1 2023 earnings call highlighted progress in addressing challenges, focusing on strengths in zero-emission technology and efficient manufacturing. The company faces challenges in the traditional automotive industry but sees opportunities in market growth and capital raise strategies.

Canoo advances in resolving SEC matter, focuses on fleet sales

Canoo making progress in resolving SEC matter, focusing on fleet sales and manufacturing readiness.
Strong compliance activities and partnerships in place to support growth and job creation.
Challenges include capital needs for manufacturing readiness and achieving positive margins by 2025.
Opportunities lie in leveraging fleet sales focus, decreasing battery prices, and customer-centric approach.

Canoo hits manufacturing milestones and raises capital for future growth

Canoo's Q3 performance reflects significant achievements in manufacturing, revenue generation, and capital raising, positioning the company for future growth.
While facing challenges in cost efficiency and production scalability, Canoo's strategic strengths in innovation, financial management, and market positioning offer opportunities for sustained success.
The company's focus on automation, cost optimization, and strategic partnerships align with opportunities in democratizing assembly processes and leveraging labor arbitrage for enhanced profitability.

Canoo projects revenue growth in 2024 with disciplined deployment

Canoo's Q4 2023 earnings call highlighted revenue growth projections for 2024, disciplined capital deployment, and focus on quality and scalability. The company is strategically aligning with customer needs and emphasizing supply chain consistency.

Canoo (GOEV) reports strong Q1 earnings, eyes global expansion

Canoo (GOEV) showcased strong financial performance, strategic partnerships, and market expansion in Q1 2024 earnings call. Despite challenges in manufacturing and capital constraints, the company's innovative approach and focus on key markets position them for growth and success.

Canoo achieves record revenue in Q2 2024, focuses on growth

Canoo delivered strong financial performance in Q2 2024, marked by revenue growth, cost management, and improved profitability.
The company's focus on innovation, customer relationships, and operational excellence underscores its commitment to sustainable growth.
While facing challenges in capital management and operational execution, Canoo has opportunities to drive future growth through strategic initiatives.
Overall, Canoo's Q2 2024 earnings call highlights its progress, challenges, and strategic direction in the competitive electric vehicle market.

Canoo reports record revenue, focuses on fleet market expansion

Canoo's Q3 2024 performance showcased record revenue, improved EBITDA, and successful capital raising efforts. The company's strategic shifts towards fleet customers and cost optimization demonstrate adaptability and focus. While facing industry challenges and organizational changes, Canoo is positioning itself for production ramp-up and growth through market expansion and funding strategies.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Canoo, Inc. is a mobility technology company, which engages in the designing and developing of electric vehicles. It designed a multi-purpose platform to deliver maximum vehicle interior space and adaptable to support a wide range of vehicle applications for consumers and businesses. The company was founded on August 6, 2018 and is headquartered in Torrance, CA.

Canoo Inc. (NASDAQ:GOEV ) Q3 2023 Earnings Call Transcript November 14, 2023 10:00 AM ET Company Participants Kunal Bhalla - Senior Vice President, Corporate Development and Capital Markets Tony Aquila - Investor, Chairman and Chief Executive Officer Greg Ethridge - Chief Financial Officer Ramesh Murthy - Chief Accounting Officer Conference Call Participants Stephen Gengaro - Stifel Amit Dayal - H.C. Wainwright Jaime Perez - R.F.

Canoo Inc. (GOEV) Q3 2023 Earnings Call Transcript

Canoo on Tuesday slashed spending plans for the second half of the year amid a market slowdown for electric-vehicle (EV) sales and forecast a smaller core loss in a tight funding environment.

EV maker Canoo slashes spending for second half of 2023, forecasts smaller loss

Shares of electric vehicle startup Canoo Inc (NASDAQ:GOEV) fell 2.3% in extended trading Tuesday after it posted weaker-than-expected revenue at the beginning of what CEO Tony Aquila called the company's “revenue generation phase.” The company posted an adjusted net loss of $0.07 per share on revenue of $519,000, compared to expectations of a $0.12 per share loss on revenue of $610,000.

Canoo's 'revenue generation phase' off to slower-than-expected start in Q3

Accelerating revenue generation phase Delivering first units to state of Oklahoma as part of up to 1,000-unit agreement Commissioned ladder frame and battery lines LDV 190 undergoing customer evaluation and testing Announced the American Bulldog, builds upon rapid product development and real-world testing JUSTIN, 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.

Canoo Inc. Announces Third Quarter 2023 Results

The Zacks Consensus Estimate for Canoo's (GOEV) third-quarter loss per share and revenues is pegged at 12 cents and $750,000, respectively.

Here's How Canoo (GOEV) is Placed Ahead of Q3 Earnings Release

Milestone delivering first batch in agreement of up to 1,000 vehicles   OKLAHOMA CITY , Nov. 13, 2023 /PRNewswire/ -- Canoo Inc. (Nasdaq: GOEV), a leading high-tech mobility company, today announced delivering its first Made in Oklahoma electric vehicles to the state of Oklahoma.   We want our vehicles to provide service to Oklahomans who have been our partners through this journey.

Canoo Delivering First Made in Oklahoma Electric Vehicles to State Government

Carvana

GameStop

Moatable Inc

Soluna Holdings, Inc.

T2 Biosystems

Tupperware

As 2024 approaches, it's time for investors to optimize their portfolios and identify which stocks to sell. It's far from being the most thrilling part of investing, but it's imperative.

Get Out Now! 7 Stocks That Are Destined to Die

JUSTIN, Texas , Nov. 10, 2023 /PRNewswire/ -- Canoo Inc. (Nasdaq: GOEV), a leading high-tech mobility company, today introduced the American Bulldog. This vehicle is a derivative of the Screaming Eagle that was delivered to the U.S. Army for extensive testing in 2022.

Canoo Unveils the American Bulldog

JUSTIN, Texas , Nov. 2, 2023 /PRNewswire/ -- Canoo (Nasdaq: GOEV), a high-tech advanced mobility company, today announced that it will report its financial results for the quarter ended September 30, 2023 after market close on Tuesday, November 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.

Canoo to Announce Third Quarter 2023 Financial Results

Ballard Power Systems

Caleres

Express

Haverty Furniture Companies

JAKKS Pacific

Titan Machinery

Small-cap stocks, typically defined as having a market capitalization of less than $2 billion, have been underperforming the broader market this year. The Russell 2000 Index, which tracks the performance of small-cap companies, is down 0.9% year-to-date, compared to the 12.2% gain of the S&P 500 Index.

7 Small-Cap Gems Primed for Explosive Growth

Manhattan Associates

Marqeta

NVIDIA

UiPath

Symbotic Inc

Volatility and a souring macroeconomic outlook have created a lot of downward pressure for tech stocks in recent weeks, investors fearing the high valuations many of them boast are unsustainable as growth prospects dim. Despite the broader pressures, this hasn't tarnished potential of emerging tech stocks.

7 Emerging Tech Stock Disruptors With Significant Upside

Ford Motor Company

Hertz

VinFast Auto Ltd

The electric vehicle (EV) industry is seeing major challenges as concerns among investors, industry players, and policymakers shift. Most EV stocks, including Tesla (TSLA), Canoo (GOEV), Nio, and VinFast (VFS) have all plunged recently.

Ford, Hertz warning for EVs as Canoo, VinFast, Nio stocks sink

Canoo is attempting to build an electric vehicle business. Starting a vehicle company from scratch is an expensive proposition.

Canoo Stock: Buy, Sell, or Hold?

AMC Entertainment

Big Lots

Meta Materials

Mullen Automotive

Qurate Retail Inc

WeWork

Bankruptcy filings are on the rise. As the economic good times of the past few years are seemingly drawing to a close, it's creating trouble for many publicly traded companies.

The Next Rite Aid? 7 Companies That Could File for Bankruptcy in 2023

ChargePoint Holdings

Plug Power

ChargePoint is raising fresh capital just over a month after it said it was well capitalized. Plug Power announced new sales contracts.

Why Plug Power Surged Higher While ChargePoint and Canoo Stocks Tumbled This Week

Faraday Future Intelligent Electric

Workhorse Group

The automobile industry is going through major changes as the world transitions to electric vehicles (EV). For example, the number of auto companies has grown rapidly in the past few years.

Red alert: Avoid these EV stocks: FFIE, MULN, WKHS, GOEV

Fisker Inc

Li-Cycle Holdings Corp

The labor dispute between the Big Three incumbent automakers and their workers continues to intensify. Meanwhile, bond yields have come down very recently, a dynamic that helps the EV segment.

Why Electric Vehicle and Related Stocks Zoomed Higher Today

Lucid Group

QuantumScape

The market's decline hurt high-volatility stocks especially hard today. Higher oil prices didn't cause much of a reprieve.

Why Electric Vehicle Stocks Are Falling Again on Monday

Nikola

Nikola and Canoo were both downgraded from SPAC stocks to penny stocks. Nikola has struggled with figurative and literal fires since its public debut.

Better EV Stock: Nikola Corporation vs. Canoo

Rivian announced Thursday it will raise $1.5 billion in a debt offering as it continues burning $1.5 billion or more each quarter. Lucid, Fisker, and Canoo are all burning lots of cash too.

Why Lucid, Fisker, and Canoo Stocks Got Hit Today

Second-tier EV stocks VinFast, Fisker, and Canoo are burning cash and in need of more. This morning, Fisker announced it will raise $170 million through issuing convertible debt.

Why Fisker Stock Popped, but Canoo and VinFast Dropped Today

JUSTIN, Texas , Oct. 2, 2023 /PRNewswire/ -- Canoo  (NASDAQ: GOEV), a leading high-tech advanced mobility company, announced today that it has entered into a purchase agreement with a foreign strategic institutional investor, for an investment of $45 million.  Canoo and the investor agreed to work together in good faith to negotiate one or more additional investments for up to $150 million.

Canoo has entered into a $45 million Convertible Preferred Stock purchase agreement by a foreign strategic institutional investor with the potential for upsizing to $150 million

Canoo (NASDAQ: GOEV) stock price is sitting slightly above its record low as investors assess the company's future. The shares were trading at $0.4678 on Wednesday, a few points above the all-time low of $0.4164.

Canoo stock price has a huge backlog but headwinds remain

Under the Historic Agreement, Pawnee Tribal Officials and Canoo Will Work Together to Deploy Zero-Emission Vehicles and Promote Employment, Entrepreneurial Opportunities  PAWNEE, Okla. , Sept. 21, 2023 /PRNewswire/ -- Canoo Technologies (NASDAQ: GOEV) announced today that it has established an agreement with the Pawnee Nation, based in Pawnee, Oklahoma, to identify and nurture emerging business and job opportunities in Oklahoma's growing clean energy industry.

PAWNEE NATION AND CANOO PARTNER FOR CLEAN TECHNOLOGY JOBS AND GROWTH

Aurora Cannabis

Avalo Therapeutics

Penny stocks priced at less than one dollar seem very appealing. Just a small investment could potentially lead to huge returns.

News for Canoo Stock (GOEV)