NASDAQ$GOEVQ
Canoo Inc. · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Canoo reported financial results, highlighting deliveries to USPS, entry into the Saudi Arabia market, and adjusted EBITDA improvement.
Canoo announced its Q1 2024 financial results, featuring deliveries of LDV190 vehicles to the USPS and expansion into the Saudi Arabia market. The company reported a GAAP net loss of $(110.7) million, but also highlighted an improvement in adjusted EBITDA to $(48.3) million compared to Q1 2023.
- Delivered LDV190 vehicles to the USPS.
- Entered the $30 billion TAM Saudi Arabia market with commercial vehicle sales.
- Adjusted EBITDA improved by 28.0% compared to Q1 2023.
- Oklahoma City Manufacturing Facility Designated as Foreign Trade Zone ('FTZ').
Headline financials
Revenue & EPS history
Canoo · Revenue · Quarterly
$0
Forward guidance
The company's previously issued guidance remains unchanged.
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% | — | — |
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