GOEV Stock Alert: Canoo Needs to Raise Money ASAP in 2024

Canoo (NASDAQ:GOEV) stock is plunging lower by about 30% after the electric vehicle (EV) company filed its 2023 Form 10-K, revealing its fourth-quarter and full-year results. For the year, revenue tallied in at just $886,000 compared to $0 in 2022. That was driven by the completion of 22 vehicles, 17 of which were completed in Q4. Cost of revenue was $2.37 million for the year, resulting in a negative gross margin of $1.48 million.According to TechCrunch, Canoo spent $1.7 million reimbursing Aquila Family V ...