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 Q4 2020

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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.

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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.

In the most recent trading session, Canoo Inc. (GOEV) closed at $1.68, indicating a +0.6% shift from the previous trading day.

Why the Market Dipped But Canoo Inc. (GOEV) Gained Today

The Zacks Consensus Estimate for Canoo's (GOEV) second-quarter loss per share and revenues is pegged at 77 cents and $1.99 million, respectively.

Canoo (GOEV) to Report Q2 Earnings: Here's What to Expect

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Is It Worth Investing in Canoo (GOEV) Based on Wall Street's Bullish Views?

Canoo (GOEV) stock price has continued in a strong freefall this year as concerns about the Electric Vehicle (EV) companies continued. It has dropped by almost 70% this year and by almost 90% in the past 12 months, giving it a market cap of over $143 million.

Canoo stock price is slumping: August 14 will be key for GOEV

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.

Canoo Announces Details for Q2 2024 Earnings Conference Call and Webcast

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Is Canoo (GOEV) a Buy as Wall Street Analysts Look Optimistic?

In the closing of the recent trading day, Canoo Inc. (GOEV) stood at $2.44, denoting no change from the preceding trading day.

Canoo Inc. (GOEV) Flat As Market Gains: What You Should Know

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EV Company News For The Month Of June 2024

Canoo (NASDAQ: GOEV ) stock is in the news Wednesday after the electric vehicle (EV) company announced a fleet order for Go2 Delivery. This fleet order starts with Go2 Delivery ordering five of Canoo's Class 1 Lifestyle Delivery Vehicle 130.

GOEV Stock: Canoo Receives Fleet Order From Go2 Delivery

JUSTIN, Texas, July 03, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility company, today announced that Go2 Delivery, a sustainable logistics solutions provider, has signed a definitive agreement to purchase five fully-electric commercial delivery vans with the potential to purchase up to an additional 85 vans. Go2 Delivery will integrate Canoo's popular Class 1 Lifestyle Delivery Vehicle 130 (LDV130) into their delivery fleet to enhance their operational efficiency, provide eco-friendly deliveries for their customers, and significantly lower their environmental impact.

Canoo Announces Commercial Fleet Order from Go2 Delivery

JUSTIN, Texas, July 01, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq: GOEV ), a high-tech advanced mobility company, today announced that it has officially joined the broad-market Russell 3000® Index, the small-cap Russell 2000® Index and the Russell Microcap® Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective at the open of US equity markets today.

Canoo Joins Russell 3000®, Russell 2000® and Russell Microcap® Indexes

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JUSTIN, Texas, June 24, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq: GOEV ), a high-tech advanced mobility company, today announced that it has received the first of two tranches of new or like-new advanced manufacturing assets, formerly owned by Arrival Automotive UK Limited, at its Foreign Trade Zone (FTZ) designated facility in Oklahoma City, OK. The received assets will bolster in-house processes and enable higher cabin line production volumes in 2025.

Canoo Received Discounted Manufacturing Assets at Oklahoma Facilities

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Polestar (PSNY), Canoo (GOEV), and Faraday Future (FFIE) stock prices have tumbled this year amid the rising concerns about the electric vehicle (EV) industry. Polestar's stock has crashed by more than 69% this year while Canoo and Faraday Future have tumbled by 70% and 42%, respectively.

Very bad news for Polestar, Canoo, Faraday Future stocks

The electric vehicle industry is going through major headwinds this year amid heightened concerns about margins, growth, and balance sheets. Canoo (GOEV) stock price has already crashed by almost 70% this year and is hovering near its all-time low.

Canoo (GOEV) stock analysis as Tesla wannabe faces a cash squeeze

Canoo (NASDAQ: GOEV) stock price has remained under intense pressure in the past few weeks as investors remain concerned about the company's revenue growth and balance sheet. The stock was trading at $2.05 on Tuesday, down by over 70% from its highest level this year.

Canoo (GOEV) stock price analysis: buy, sell, hold?

JUSTIN, Texas, June 03, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq: GOEV ), a high-tech advanced mobility company, today announced that company leadership will participate in the following investor conferences in June: Stifel Cross Sector Insight Conference Boston, MassachusettsJune 4 -5, 2024 CFO Greg Ethridge will participate in a fireside chat on June 4 at 4:10 p.m. ET. Sidoti Small Cap Conference VirtualJune 12-13, 2024 CFO Greg Ethridge and Vice President of Capital Markets and Investor Relations Jonathan Wolff will host a 30-minute presentation and subsequent Q&A on June 12 at 3:15 p.m.

Canoo Announces Participation in June Investor Conferences

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The future of electric vehicles (EVs) is starting to sift out the winners and losers. That means you need to be careful when you choose companies in which to invest.

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Canoo (NASDAQ: GOEV) stock price has imploded this year even as the company made progress on its development. It has plunged by almost 60% this year even as the S&P 500 and Nasdaq 100 indices surged to their all-time highs.

Canoo stock price forecast: GOEV faces 1 key risk but don't short it

Canoo (NASDAQ: GOEV) stock price remained under intense pressure this week after the company published encouraging and optimistic financial results. It was trading at $2.65 on Wednesday, where it has been stuck at in the past few weeks.

Canoo stock price forecast: GOEV is risky, shorting it is riskier

Canoo Inc. (NASDAQ:GOEV ) Q1 2024 Earnings Conference Call May 14, 2024 5:00 PM ET Company Participants John Wolf – Vice President, Investor Relations and Corporate Finance Tony Aquila – Investor, Executive Chairman and Chief Executive Officer Greg Ethridge – Chief Financial Officer Ramesh Murthy – Senior Vice President-Finance and Chief Accounting Officer Conference Call Participants Michael Legg – The Benchmark Company Craig Irwin – ROTH Capital Partners Dan Ives – Wedbush Securities Stephen Gengaro – Stifel Donovan Schafer – Northland Capital Markets Amit Dayal – H.C. Wainwright Operator Hello, and welcome to the Canoo Q1 2024 Earnings Call.

Canoo Inc. (GOEV) Q1 2024 Earnings Call Transcript

Electric vehicle startup Canoo posted a larger-than-expected loss for the first quarter on Tuesday, but kept its outlook for the year unchanged.

EV startup Canoo posts larger-than-expected loss in first quarter

Canoo Inc (NASDAQ: GOEV) is trading down in extended hours on Tuesday after reporting disappointing financial results for its first quarter. Canoo reiterates guidance for 2024 Investors are concerned because the future guidance failed to impress as well.

Canoo Q1 earnings: up to $100 million in revenue expected in 2024

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Canoo (NASDAQ: GOEV) stock price has stabilised a bit since April after the company received a big order from Saudi Arabia. It has risen by over 7% in the past 30 days and by 130% from its lowest point this year.

News for Canoo Stock (GOEV)