Loading...
•
Jun 30, 2024
Canoo Q2 2024 Earnings Report
Announced second quarter 2024 results with quarterly revenue record and improved adjusted EBITDA.
Key Takeaways
Canoo Inc. reported a quarterly revenue record of $605K and a 38% year-over-year improvement in Adjusted EBITDA. The company is focused on large fleet customers and finalized their configurations, demonstrating the platform's versatility.
Achieved a quarterly revenue record of $605K.
Improved quarterly Adjusted EBITDA by 38% versus Q2 2023.
Reduced total quarterly cash outflow by $39 million or 49% in Q2 2024 versus Q2 2023.
Advanced customer acquisition of large commercial fleets in the US, UK, and Middle-East.
Forward Guidance
Canoo reaffirms its prior cash flow guidance and expects its Adjusted EBITDA to be between $(120) million to $(140) million for the second half of 2024.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...