NASDAQ$GOEVQ

Canoo Inc. · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Announced financial results for the third quarter of 2021.

Canoo announced its Q3 2021 financial results, highlighting the acceleration of advanced manufacturing production in the U.S. to begin before Q4 2022. They are targeting approximately $400 million in non-dilutive financial incentives and approximately $100 million in vehicle orders with states and universities.

  • Advanced manufacturing production in the U.S. is accelerating to begin before Q4 2022.
  • Pryor, Oklahoma was announced as the location for their owned manufacturing facility.
  • Partnership expanded to include Arkansas and additional locations in Oklahoma.
  • Targeting approximately $400 million in non-dilutive financial incentives.

Headline financials

Total Revenue

$2.55M

Previous: $2.55M+0.0%
EPS (adj)

-$8.05

Previous: -$0.20-3902.4%
Capital Expenditures

-$74M

No prior period
Free Cash Flow

-$255M

No prior period
Net Income

-$80.9M

Previous: -$23.4M-245.8%
Operating Income

-$107M

Previous: -$27.2M-293.6%
Gross Profit

-$670K

Previous: $1.88M-135.6%
Cash & Equivalents

$415M

No prior period
Total Assets

$615M

No prior period
Stock-Based Comp

$19.1M

No prior period

Revenue & EPS history

Canoo · Revenue · Quarterly

$2.55M

Q3 2021+0%vs Q3 2020
Beat estimate in 0 of 6 quarters(0%)
ActualEstimate

Forward guidance

Canoo expects to achieve certain business objectives in the future.

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

Earnings price reactions
QuarterReport dateReaction (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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