Canoo (GOEV) - 2024 Q2 - Quarterly Results
Canoo Canoo (US:GOEV)2024-08-14 20:19

Exhibit 99.1 CANOO INC. ANNOUNCES SECOND QUARTER 2024 RESULTS • Quarterly revenue record of $605K • Quarterly Adjusted EBITDA was $(38.6) million, an improvement of 38% versus Q2 2023, and an improvement of 20% versus Q1 2024 • Adjusted Net Loss Per Share was $(0.61), a 46% improvement from $(1.13) per share in Q1 2024 • 33% or $20.7 million reduction in Operating Expenses versus Q1 2024 • Reduced total quarterly cash outflow by $39 million or 49% in Q2 2024 versus Q2 2023 • Relocating headquarters from Cal ...