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

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

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.

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.

Aehr Test Systems

Workhorse Group

The electric vehicle market has gained a lot of traction in the past few years. This trend is due to a couple of reasons: one, governments worldwide have been pouring money into the industry, usually via subsidies, and two, consumers have begun shifting their preferences from carbon emissions vehicles.

3 Small-Cap EV Stocks That Could Get Acquired Soon

The company is hoping to get production ramped up to generate revenue.

Canoo Has Invested $1.5 Billion, and It's Not Done Yet

Canoo (NASDAQ: GOEV ) stock is getting a boost on Tuesday as investors react to the company naming its new Chief Financial Officer. Greg Ethridge is taking over as the next CFO of Canoo.

Can a New CFO Save Canoo (GOEV) Stock?

Wall Street is still overwhelmingly bullish on Canoo. Its average price target implies a near-400% gain from its current levels.

Wall Street Says This EV Stock Is Set to Soar -- Here's Why They Couldn't Be More Wrong

Canoo just changed CFOs -- for the second time this year. The last time Canoo hired a new CFO, its stock jumped as well.

Why Canoo Stock Is Paddling Higher Today

The company settled a major issue that was a thorn in its side.

What's Going on With Canoo Stock?

Electric-vehicle startup Canoo on Monday named board member Greg Ethridge as its chief financial officer, succeeding Ken Manget.

EV startup Canoo names board member Greg Ethridge as CFO

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.

Canoo Names Ethridge Chief Financial Officer

Management highlighted the strategic choice that lowers risk for itself and investors.

Canoo's Genius Strategy?

Canoo ended its fiscal 2023 second quarter with cash and equivalents of $5 million. This was set against cash outflows from operations of $62.3 million and guidance for at least $70 million in capital expenditure through its third and fourth quarters. The company has raised more funds but currently has a cash runway of around two quarters left.

Canoo: Is There An Eleventh Hour EV Salvo?

Athersys

Cano Health

eFFECTOR Therapeutics Inc

Genius Group Ltd

Pieris Pharma

T2 Biosystems

Penny stocks, often priced under $1, have long been the allure for many investors seeking high-risk, high-reward opportunities. These stocks, typically from smaller companies, offer the tantalizing possibility of significant returns.

7 Best Penny Stocks To Buy Under $1 in 2023: Big Risk, Big Return?

Canoo (NASDAQ: GOEV ) stock is a unique EV stock. A lifestyle vehicle company, Canoo produces vans which are partly retro and partly utilitarian, for a very specific buyer.

Don't Fall for It: Canoo Stock Is NOT Worth a Speculative Buy Right Now

Alliance Global Partners issued a buy rating for Canoo stock today. Alliance Global thinks Canoo stock could triple as production ramps up to fulfill more than 60,000 EV orders.

Why Canoo Stock Is Still Sinking

Canoo's second-quarter report actually arrived with a smaller-than-expected loss. But the company still has yet to generate any revenue, and its financials are shaky.

Why Canoo Stock Is Sinking This Week

Canoo's progress in developing and producing electric vehicles has been slow.

Should Investors Buy Canoo Stock on the Dip?

Lucid Group

Rivian Automotive

Canoo reported a smaller-than-expected loss for Q2 2023. The company is still burning cash at a frightful rate -- but still finding people to lend it money.

Why Canoo, Lucid, and Rivian Stocks All Just Dropped

Canoo Inc. (NASDAQ:GOEV ) Q2 2023 Earnings Conference Call August 14, 2023 5:00 PM ET Company Participants Kunal Bhalla - Senior Vice President, Corporate Development and Capital Markets Tony Aquila - Investor, Chairman and Chief Executive Officer Ken Manget - Chief Financial Officer Ramesh Murthy - Chief Accounting Officer Conference Call Participants Amit Dayal - H.C. Wainwright Stephen Gengaro - Stifel Jaime Perez - R.F.

Canoo Inc. (GOEV) Q2 2023 Earnings Call Transcript

Electric-vehicle maker Canoo posted a smaller-than-expected quarterly loss on Monday on lower research and development costs, sending its shares up 2% in extended trading.

EV maker Canoo posts smaller-than-expected loss on lower costs

Canoo Inc (NASDAQ: GOEV) just recorded a huge year-on-year decline in its quarterly loss. Its shares are trading up in extended hours.

Canoo trimmed its loss by 57% in Q2

SEC matter is settled Introduced a derivative of the Lifestyle Delivery Vehicle (LDV), the LDV 190 Achieved installed manufacturing capacity at Oklahoma City and Pryor, Oklahoma locations Generated first revenues from vehicle deliveries and government contract Closed on Fortune 100 customer agreement to purchase vehicles for national fleet JUSTIN, 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 matter.

CANOO INC. ANNOUNCES SECOND QUARTER 2023 RESULTS

Larger vehicle offers 30 percent more space and 21 percent greater payload capacity. JUSTIN, Texas , Aug. 14, 2023 /PRNewswire/ -- Canoo Technologies (NASDAQ: GOEV), an advanced mobility company, announced today that it is launching its new Lifestyle Delivery Vehicle (LDV) 190, which expands the company's line-up into the Class 2 electric cargo van segment.

CANOO ANNOUNCES INTRODUCTION OF ITS LIFESTYLE DELIVERY VEHICLE 190

Snap

This article is an excerpt from the InvestorPlace Digest newsletter. To get news like this delivered straight to your inbox, click here.

4 Meme Stocks to Sell Before They Die

Electric-vehicle startup Canoo said on Monday it finalized incentive agreements with the state of Oklahoma and the North American tribe Cherokee Nation, for an estimated value of $113 million over 10 years.

Canoo finalizes incentive package with Oklahoma, Cherokee Nation

Company expects to hire over 1,300 at Oklahoma vehicle assembly and battery plants JUSTIN, Texas , Aug. 14, 2023 /PRNewswire/ -- Canoo (NASDAQ: GOEV), a leading high-tech advanced mobility company, announced it has finalized today agreements on workforce and economic development incentives from the state of Oklahoma and the Cherokee Nation for its vehicle assembly and battery module manufacturing plants in Oklahoma City and Pryor, respectively. The estimated combined value of the incentive agreements is up to $113 million over 10 years.

Canoo Finalizes Incentive Package with Oklahoma, Cherokee Nation

Home Depot

Tencent Music Entertainment Group 

After U.S. markets closed on Thursday, IonQ reported a wider-than-expected loss per share while posting revenue of $5.52 million, nearly 27% higher than the consensus estimate and more than double the reported revenue in the year-ago quarter.

News for Canoo Stock (GOEV)