Canoo Inc. Announces Second Quarter 2024 Results
GOEVCanoo (GOEV) GlobeNewswire News Room·2024-08-15 04:05

Quarterly revenue record of 605KQuarterlyAdjustedEBITDAwas605KQuarterly Adjusted EBITDA was (38.6) million, an improvement of 38% versus Q2 2023, and an improvement of 20% versus Q1 2024Adjusted Net Loss Per Share was (0.61),a46(0.61), a 46% improvement from (1.13) per share in Q1 202433% or 20.7millionreductioninOperatingExpensesversusQ12024Reducedtotalquarterlycashoutflowby20.7 million reduction in Operating Expenses versus Q1 2024Reduced total quarterly cash outflow by 39 million or 49% in Q2 2024 versus Q2 2023Relocating headquarters from California to Texas and continued migration to our Oklahoma City and Pryor, OK fac ...