Canoo Reports Mixed Q4 Results and Initiates FY24 Outlook

Tuesday, 2 April 2024, 05:00

Canoo recently released their Q4 results, with a Non-GAAP EPS of -$1.73, beating expectations. However, the revenue of $0.37M missed projections by $0.33M. The company completed 22 vehicles for the full year 2023 and 17 vehicles in Q4. Despite the mixed Q4 results, Canoo is optimistic as they initiate their outlook for FY24.

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Canoo Q4 Results Overview

Canoo press release (GOEV) revealed a mixed bag of Q4 results, with some key figures standing out.

Key Highlights:

Non-GAAP EPS: Reported at -$1.73, surpassing estimates by $0.11.
Revenue: Generated $0.37M, falling short by $0.33M.
Vehicles: Produced 22 vehicles in 2023 and 17 vehicles in Q4.

Despite the revenue miss, Canoo remains forward-looking as they declare the start of their FY24 outlook.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Canoo Q4 Results Overview

Key Highlights:

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