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Dec 31, 2022
Canoo Q4 2022 Earnings Report
Announced fourth quarter and fiscal year 2022 financial results.
Key Takeaways
Canoo Inc. reported a GAAP net loss of $80.2 million for the fourth quarter of 2022 and had cash and cash equivalents of $36.6 million as of December 31, 2022. The company focused on achieving milestones, managing legacy matters, and optimizing manufacturing and cost efficiency.
SEC investigation resolved with a $1.5M payment.
Department of Defense selected Canoo for battery module testing and demonstration.
First LTV delivered to the US Army.
Phase 1 SOP Michigan completed.
Forward Guidance
Canoo expects operating expenses (excluding stock-based compensation and depreciation) of $55.0 million to $70.0 million and capital expenditures of $30.0 million to $45.0 million for the first quarter of 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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