Canoo Inc.OTC: GOEVQ

GOEVQ: Record Q2 revenue, improved margins, and reduced cash burn highlight Canoo's operational progress

· Issued by Canoo Inc.

Canoo posted record Q2 2024 revenue, improved Adjusted EBITDA, and reduced cash outflows, while advancing commercial deliveries and relocating its headquarters. The company reaffirmed cash flow guidance and expects H2 2024 Adjusted EBITDA between $(120)M and $(140)M.

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