NASDAQ$GOEVQ
Canoo Inc. · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Announced second quarter 2022 results with over $1 billion sales pipeline and a definitive agreement with Walmart to purchase 4,500 units.
Canoo Inc. reported a GAAP net loss of $164.4 million for the second quarter of 2022. The company highlighted a sales pipeline exceeding $1 billion, including a commercial order, and progress towards Start of Production in Q4. They also have access to up to $250 million, including approximately $220 million of unused capacity on their SEPA facility, and cash and cash equivalents of $33.8 million.
- Over $1 billion sales pipeline.
- Signed definitive agreement with Walmart for 4,500 units with an option for up to 10,000 units.
- Completed 90% of structural crash testing.
- Advanced to Start of Production in Q4.
Headline financials
Revenue & EPS history
Canoo · Revenue · Quarterly
$0
Forward guidance
Canoo expects operating expenses (excluding stock-based compensation and depreciation) between $200 million and $245 million, and capital expenditures between $100 million and $125 million for the second half of 2022.
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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