NASDAQ$GOEVQ
Canoo Inc. · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Canoo reported financial results for the first quarter of 2021, with a net loss of $15.2 million and cash and cash equivalents of $641.9 million.
Canoo Inc. announced its Q1 2021 financial results, reporting a GAAP net loss of $15.2 million and holding $641.9 million in cash and cash equivalents. The company is on track to start production in 2022 and ramp to 15,000 units in 2023.
- All vehicles are open for pre-orders.
- Targeted pricing was revealed for the Lifestyle Vehicle.
- An electric power research collaboration was announced with the University of Wisconsin.
- The company is on track to start production in 2022 and ramp to 15,000 units in 2023.
Headline financials
Revenue & EPS history
Canoo · Revenue · Quarterly
$891K
Forward guidance
Canoo provided the following business outlook for the second quarter of 2021:
Tailwinds
- Operating Expenses (excluding stock-based compensation and depreciation): $65M - $75M
- Capital Expenditures: $45M - $55M
Historical earnings impact
How earnings announcements have historically affected this stock's price.
+1166800.7%
Avg return
Earnings day
—
Avg return
5 days after
—
Avg return
30 days after
50%
12 / 24 earnings
Positive
+28003312.7%
Q1 2019
Best reaction
-27.1%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2024 | +0.0% | — | — | |
| Q3 2024 | -27.1% | — | — | |
| Q2 2024 | +2.7% | — | — | |
| Q1 2024 | -2.6% | — | — | |
| Q4 2023 | -21.6% | — | — | |
| Q3 2023 | +7.7% | — | — | |
| Q2 2023 | -5.9% | — | — | |
| Q1 2023 | +5.3% | — | — | |
| Q4 2022 | +6.0% | — | — | |
| Q3 2022 | -7.3% | — | — | |
| Q2 2022 | -7.8% | — | — | |
| Q1 2022 | -26.7% | — | — | |
| Q4 2021 | -4.9% | — | — | |
| Q3 2021 | +21.7% | — | — | |
| Q2 2021 | -9.5% | — | — | |
| Q1 2021 | +4.0% | — | — | |
| Q4 2020 | -25.4% | — | — | |
| Q3 2020 | +0.2% | — | — | |
| Q2 2020 | -5.2% | — | — | |
| Q1 2020 | +0.1% | — | — | |
| Q4 2019 | +0.9% | — | — | |
| Q3 2019 | +0.1% | — | — | |
| Q2 2019 | +0.3% | — | — | |
| Q1 2019 | +28003312.7% | — | — |
Discussion
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