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Canoo reports Q4 EPS (4c) vs. (25c) last year
The Fly

Canoo reports Q4 EPS (4c) vs. (25c) last year

Reports Q4 revenue $367,000 vs. no revenue reported last year. “In Q4 2023, we started our first commercial fleet customer deliveries from our Oklahoma City manufacturing facility while we continue to prepare the site for our 20,000 unit run-rate production target. Our strategy to purchase manufacturing assets at deep discounts creates immediate shareholder value. We recently announced our OKC facility has received FTZ designation. With positive customer validation, we are now focused on harmonizing our supply chain to align with our step level manufacturing goals while maintaining disciplined capital allocation,” said Tony Aquila, Investor, Executive Chairman and CEO of Canoo.

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