NASDAQ$GOEVQ
Canoo Inc. · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Announced second quarter 2024 results with quarterly revenue record and improved adjusted EBITDA.
Canoo Inc. reported a quarterly revenue record of $605K and a 38% year-over-year improvement in Adjusted EBITDA. The company is focused on large fleet customers and finalized their configurations, demonstrating the platform's versatility.
- Achieved a quarterly revenue record of $605K.
- Improved quarterly Adjusted EBITDA by 38% versus Q2 2023.
- Reduced total quarterly cash outflow by $39 million or 49% in Q2 2024 versus Q2 2023.
- Advanced customer acquisition of large commercial fleets in the US, UK, and Middle-East.
Headline financials
Revenue & EPS history
Canoo · Revenue · Quarterly
$605K
Forward guidance
Canoo reaffirms its prior cash flow guidance and expects its Adjusted EBITDA to be between $(120) million to $(140) million for the second half of 2024.
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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