NASDAQ$GOEVQ
Canoo Inc. · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Canoo reported quarterly revenue of $0.9 million and adjusted EPS of $(0.54), demonstrating a 67% improvement versus Q3 2023.
Canoo Inc. announced its Q3 2024 financial results, posting $0.9 million in revenue. The company focused on consolidating operations and reducing costs, with adjusted EBITDA showing a 2% improvement compared to Q3 2023. They had $16 million in cash, cash equivalents and restricted cash as of September 30, 2024.
- Quarterly revenue reached $0.9 million, with year-to-date revenue at $1.50 million.
- Adjusted EBITDA was $(37.7) million, a 2% improvement compared to Q3 2023.
- Adjusted Net Loss Per Share was $(0.54), a 67% improvement versus Q3 2023.
- Cash outflow was $31.3 million in Q3 2024, reduced by 58.6% from Q3 2023.
Headline financials
Revenue & EPS history
Canoo · Revenue · Quarterly
$891K
Forward guidance
Canoo expects the following guidance for Q4, 2024: Cash Outflow - $30 million to $40 million and Adjusted EBITDA - $(30) million to $(35) million
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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