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Canoo Q1 Results: EV Manufacturer Misses Earnings Estimates
Canoo Inc. (NASDAQ:GOEV) reported first-quarter financial results after the bell Tuesday. Here's a look at the details. The Details: Canoo reported quarterly losses of $1.13 per share, which missed th
Canoo's net loss in the first quarter increased and fell short of expectations and maintained full-year revenue guidance
Glonghui, May 15 | Electric vehicle startup Canoo announced first-quarter results. Net loss increased from US$90.7 million in the same period last year to US$117.7 million, with analysts expecting an average loss of US$55.2 million; after adjustment, the loss per share was US$1.13, and analysts expected a loss of US$0.97. No sales were announced for the period, and analysts expected $1.1 million. Slowing US demand and intense competition from Chinese electric vehicle manufacturers in the world's largest car market have dampened demand from companies including Canoo. R&D expenses fell by about 44% during the period, and operating expenses from last year
Canoo Reports Narrower-than-expected Loss, Keeps FY24 Guidance Unchanged
Canoo 1Q Results Miss Forecasts With No Revenue
By Ben Glickman Canoo posted no sales in the first quarter, falling short of Wall Street's expectations for a sequential ramp-up in revenue. The Justin, Texas-based electric-vehicle maker reported a
Canoo Q1 2024 Revenue $0 Inline With $0 YoY
Canoo Q1 2024 Revenue $0 Inline With $0 YoY
Canoo: Previously Issued Guidance Remains Unchanged
Canoo: Previously Issued Guidance Remains Unchanged