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Dec 31, 2024
REE Automotive Q4 2024 Earnings Report
REE Automotive posted a wider Q4 net loss and minimal revenue as macroeconomic challenges forced a production pause.
Key Takeaways
In Q4 2024, REE Automotive reported $12,000 in revenue and a GAAP net loss of $37.3 million. The company paused production and reduced expenses amid trade-related uncertainty, while emphasizing a shift toward licensing and partnership models.
Q4 revenue was $12,000, down from $455,000 in Q4 2023.
GAAP net loss widened to $37.3 million compared to $35.2 million in Q4 2023.
Non-GAAP net loss improved year-over-year to $19.8 million from $32.2 million.
Free cash flow was negative $19.2 million for Q4 2024.
Forward Guidance
REE plans to focus on low-capital licensing and partnership routes, while pausing production due to macroeconomic uncertainty and trade disruptions.
Positive Outlook
- Shift toward licensing and partnerships for SDV technology
- Raised $60M in 2024 and $36.5M more in Q1 2025
- Cash and equivalents totaled $72.3M at year-end
- R&D for P7 program substantially completed
- Non-GAAP net loss narrowed significantly year-over-year
Challenges Ahead
- Q4 revenue dropped significantly year-over-year
- Production paused due to tariff-related disruptions
- Raised substantial doubts about going concern status
- GAAP net loss remained elevated in Q4
- Negative free cash flow continues to pressure liquidity
Historical Earnings Impact
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Avg. Return Before/After Earnings
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