Canoo reports Q3 adjusted EPS (7c), consensus (12c)

Reports Q3 revenue $519,000, consensus $610,000. “We are now in our manufacturing and revenue-generation phase, while we still have things left to prove. We have worked nearly three years to get to this point,” said Tony Aquila, Investor, Executive Chairman and CEO of Canoo. “The bets we have made around the redesign and functionality of our platform are beginning to play out successfully at multiple levels. We continue to move toward our goal of achieving 20,000 annual unit capacity. I think that’s a tribute to the scrappiness of our team driving value to our customers and partners.”