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 $(0.61), a 46$(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 California to Texas and continued migration to our Oklahoma City and Pryor, O ...