Canoo Q2 2023 Earnings Report
Key Takeaways
Canoo Inc. reported its Q2 2023 financial results, highlighting the settlement of a legacy SEC matter, the introduction of the LDV 190, achievement of installed manufacturing capacity in Oklahoma, generation of first revenues from vehicle deliveries and a government contract, and the closing of a Fortune 100 customer agreement.
Settled the legacy SEC matter.
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 Fortune 100 customer agreement.
Canoo
Canoo
Forward Guidance
Canoo expects Adjusted EBITDA to be between $120 million and $140 million and Capital Expenditures to be between $70 million to $100 million for the second half of 2023.