Canoo Inc (OQ:GOEV)

Business Focus: Electrical (Alternative) Vehicles

Sector:  Consumer Cyclicals Industry:  Auto & Truck Manufacturers
 
See Regulatory Filings on SEC
Company Contact
Address: 19951 Mariner Avenue
TORRANCE CA 90503
Tel: N/A
Website: https://www.canoo.com
IR: See website
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Key People
Tony Aquila
Executive Chairman of the Board, Chief Executive Officer
Greg Ethridge
Chief Financial Officer
Michael Carter
Chief People Officer
Hector Ruiz
General Counsel, Corporate Secretary
   
Business Overview
Canoo Inc. is a mobility technology company engaged in designing and developing electric vehicles (EVs). The Company's Multi-Purpose platform (MPP) is a self-contained, fully functional rolling chassis that directly houses the critical components for operation of an EV, including its in-house designed electric drivetrain, battery systems, advanced vehicle control electronics and software and other critical components. The Company's EVs include Lifestyle Vehicle and the Lifestyle Delivery Vehicle, the Multi-Purpose Delivery Vehicles (MPDV) and the Pickup. In addition to its vehicle technology, the Company is also developing an in-house designed and proprietary software platform that aggregates car data from both Canoo and non-Canoo vehicles and delivers valuable insights to its customers. It is also developing Canoo Digital Ecosystem, which consists of its fleet-optimized CanooHub, driver mobile app, vehicle human machine interface (HMI) and data analytics.
Financial Overview
For the fiscal year ended 31 December 2023, Canoo Inc revenues increased from $0K to $886K. Net loss applicable to common stockholders decreased 38% to $302.6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Research & Development Expense - Balanci decrease of 47% to $132.5M (expense).
Employees: 651 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $237.06M as of Dec 31, 2023
Annual revenue (TTM): $0.89M as of Dec 31, 2023
EBITDA (TTM): -$251.78M as of Dec 31, 2023
Net annual income (TTM): -$302.62M as of Dec 31, 2023
Free cash flow (TTM): -$318.20M as of Dec 31, 2023
Net Debt Last Fiscal Year: $76.90M as of Dec 31, 2023
Shares outstanding: 64,473,548 as of Apr 9, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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