Canoo Inc News - GOEV

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Canoo Announces Adjournment of Annual Meeting

JUSTIN, Texas, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq:GOEV) (the “Company”), a high-tech...

Canoo Partners with Northside Truck & Van to Deliver its Initial Parts Network and Reliable Service, Maintenance, and Repair Services to Customers in the United Kingdom

JUSTIN, Texas and LONDON, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq: GOEV), a high-tech advanced...

Canoo Inc. Announces Third Quarter 2024 Results

Quarterly revenue of $0.9 million, and year-to-date revenue of $1.50 millionQuarterly Adjusted EBITDA was...

Canoo Schedules Third Quarter 2024 Earnings Conference Call and Webcast

JUSTIN, Texas, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility...

Canoo Partners with The AA in the UK for Premium Roadside Assistance Services to Commercial and Government Customers

JUSTIN, Texas and LONDON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq: GOEV), a high-tech advanced...

Canoo Receives Regulatory Approval for UK Pilot Vehicles

JUSTIN, Texas, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility...

Canoo LDV 190 Named “Overall Electric Vehicle of the Year” by AutoTech Breakthrough

JUSTIN, Texas, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility...

Canoo Launches Commercial Operations and Activation Center in the United Kingdom

Canoo to establish first European location in Bicester Motion allowing UK customers to experience and test...

Canoo’s Oklahoma City Manufacturing Facility Achieves Final Activation as First Automotive Foreign-Trade Zone in the State of Oklahoma

FTZ activation insulates Canoo from import tariffs and allows for deferments and exemptions as the company...

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threebabiesbusy 1 week ago

Agree, now they can just get a certified welder! I’m in the industry. I can recommend someone.Lol

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gladeshawk 1 week ago

"IF" they get a handle on things, mostly production, next year could be a breakout year for them. "IF" so then the pps is vastly undervalued. HAWK

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Alvie 1 week ago

Canoo Q3 Earnings: Revenue Miss, EPS Beat, Continued Operations Consolidation And More
Benzinga
34 mins ago
Canoo Inc (GOEV.NaE) reported third-quarter financial results after the market close on Wednesday. Here’s a rundown of the EV maker’s report.

Q3 Revenue: $891,000, versus estimates of $2.11 million
Q3 Adjusted EPS: Loss of 54 cents, versus estimates for a loss of 77 cents
Canoo (GOEV.NaE) reported a quarterly cash outflow of $31.3 million, down 20.7% from the second quarter and down 58.6% on a year-over-year basis. The company ended the quarter with $16 million in cash, cash equivalents and restricted cash.

“While we focus on our core markets we must continue to take aggressive actions to consolidate our operations, reduce costs, and catch-up to our plan. This starts from the top led by a committed executive team, which is willing to take short-term pay cuts for long-term incentives and believes in the value we create for our customers, associates and shareholders,” said Tony Aquila, executive chairman and CEO of Canoo (GOEV.NaE).

“This will continue to be a difficult and critical period as we do everything we can to get the capital in place, bring jobs back online, and get back on track with our step-level manufacturing plan.”

Outlook: Canoo (GOEV.NaE) expects fourth-quarter cash outflow to be between $30 million and $40 million. The company anticipates a fourth-quarter adjusted EBITDA loss of 30 million to $35 million, versus a loss of $38 million in the third quarter.

The company noted the consolidation of its operations from California to Texas and Oklahoma is expected to result in estimated future savings of approximately $12 million to $14 million per year.

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Alvie 1 week ago

Canoo Q3 2024 Adj EPS $(0.54) Beats $(0.77) Estimate, Sales $891.00K Miss $2.11M Estimate
Benzinga
9 mins ago
Canoo (GOEV.NaE) reported quarterly losses of $(0.54) per share which beat the analyst consensus estimate of $(0.77) by 29.87 percent. This is a 68.42 percent increase over losses of $(1.71) per share from the same period last year. The company reported quarterly sales of $891.00 thousand which missed the analyst consensus estimate of $2.11 million by 57.82 percent. This is a 71.68 percent increase over sales of $519.00 thousand the same period last year.

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georgie18 2 weeks ago

GOEV...7432...🥳...All out today from my .55 buys...hit .85 in the P/M...and .75 today...will watch for another entry...

georgie18

Member Level
Re: georgie18 post# 664541

Tuesday, November 12, 2024 10:32:48 AM

Post#
664584
of 664672
GOEV...69s off the .60 range dip...Hit 85s in the P/M...🥳

georgie18

Member Level
Re: georgie18 post# 1116

Tuesday, November 12, 2024 8:58:04 AM

Post#
1117
of 1117
GOEV...80s hitting here with 400,000 Bidder hiding at .7938...🥳

GOEV...76s clearing here off my .55 range Alert...🥳

georgie18

Member Level
Re: georgie18 post# 1111

Monday, November 11, 2024 5:24:13 PM

Post#
1112
of 1115
GOEV...71s clearing here ...🥳...off my 55 range alert...

georgie18

Member Level
Re: georgie18 post# 664460

Monday, November 11, 2024 3:14:38 PM

Post#
664484
of 664504
GOEV...6554...HOD...Off my .55 range Alert...🥳

georgie18

Member Level
Re: georgie18 post# 1109

Monday, November 11, 2024 2:24:13 PM

Post#
1110
of 1110
GOEV...619...Psar flipped Bullish here...🥳

georgie18

Member Level
Re: georgie18 post# 664351

Monday, November 11, 2024 9:32:55 AM

Post#
664377
of 664460
GOEV...585...Off my .55 Alert...🥳

georgie18

Member Level
Re: None

Monday, November 11, 2024 7:28:09 AM

Post#
1108
of 1108
GOEV...55... 🥳... https://schrts.co/RmmKafJY ...Bullish Squeeze Alert Reversal Pattern to the Upside...

👍️0

rickn23 2 weeks ago

Canoo tested its electric delivery vans for Walmart without airbags despite employees raising red flags, sources say

https://fortune.com/2024/11/12/canoo-electric-delivery-vans-walmart-no-airbags/

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georgie18 2 weeks ago

GOEV...69s off the .60 range dip...Hit 85s in the P/M...🥳

georgie18

Member Level
Re: georgie18 post# 1116

Tuesday, November 12, 2024 8:58:04 AM

Post#
1117
of 1117
GOEV...80s hitting here with 400,000 Bidder hiding at .7938...🥳

GOEV...76s clearing here off my .55 range Alert...🥳

georgie18

Member Level
Re: georgie18 post# 1111

Monday, November 11, 2024 5:24:13 PM

Post#
1112
of 1115
GOEV...71s clearing here ...🥳...off my 55 range alert...

georgie18

Member Level
Re: georgie18 post# 664460

Monday, November 11, 2024 3:14:38 PM

Post#
664484
of 664504
GOEV...6554...HOD...Off my .55 range Alert...🥳

georgie18

Member Level
Re: georgie18 post# 1109

Monday, November 11, 2024 2:24:13 PM

Post#
1110
of 1110
GOEV...619...Psar flipped Bullish here...🥳

georgie18

Member Level
Re: georgie18 post# 664351

Monday, November 11, 2024 9:32:55 AM

Post#
664377
of 664460
GOEV...585...Off my .55 Alert...🥳

georgie18

Member Level
Re: None

Monday, November 11, 2024 7:28:09 AM

Post#
1108
of 1108
GOEV...55... 🥳... https://schrts.co/RmmKafJY ...Bullish Squeeze Alert Reversal Pattern to the Upside...

👍️0

georgie18 2 weeks ago

GOEV...80s hitting here with 400,000 Bidder hiding at .7938...🥳

GOEV...76s clearing here off my .55 range Alert...🥳

georgie18

Member Level
Re: georgie18 post# 1111

Monday, November 11, 2024 5:24:13 PM

Post#
1112
of 1115
GOEV...71s clearing here ...🥳...off my 55 range alert...

georgie18

Member Level
Re: georgie18 post# 664460

Monday, November 11, 2024 3:14:38 PM

Post#
664484
of 664504
GOEV...6554...HOD...Off my .55 range Alert...🥳

georgie18

Member Level
Re: georgie18 post# 1109

Monday, November 11, 2024 2:24:13 PM

Post#
1110
of 1110
GOEV...619...Psar flipped Bullish here...🥳

georgie18

Member Level
Re: georgie18 post# 664351

Monday, November 11, 2024 9:32:55 AM

Post#
664377
of 664460
GOEV...585...Off my .55 Alert...🥳

georgie18

Member Level
Re: None

Monday, November 11, 2024 7:28:09 AM

Post#
1108
of 1108
GOEV...55... 🥳... https://schrts.co/RmmKafJY ...Bullish Squeeze Alert Reversal Pattern to the Upside...

👍️0

georgie18 2 weeks ago

GOEV...76s clearing here off my .55 range Alert...🥳

georgie18

Member Level
Re: georgie18 post# 1111

Monday, November 11, 2024 5:24:13 PM

Post#
1112
of 1115
GOEV...71s clearing here ...🥳...off my 55 range alert...

georgie18

Member Level
Re: georgie18 post# 664460

Monday, November 11, 2024 3:14:38 PM

Post#
664484
of 664504
GOEV...6554...HOD...Off my .55 range Alert...🥳

georgie18

Member Level
Re: georgie18 post# 1109

Monday, November 11, 2024 2:24:13 PM

Post#
1110
of 1110
GOEV...619...Psar flipped Bullish here...🥳

georgie18

Member Level
Re: georgie18 post# 664351

Monday, November 11, 2024 9:32:55 AM

Post#
664377
of 664460
GOEV...585...Off my .55 Alert...🥳

georgie18

Member Level
Re: None

Monday, November 11, 2024 7:28:09 AM

Post#
1108
of 1108
GOEV...55... 🥳... https://schrts.co/RmmKafJY ...Bullish Squeeze Alert Reversal Pattern to the Upside...

👍️0

gladeshawk 2 weeks ago

My chart indicators had it way into oversold territory. This run could take it to $2 plus range. Just my take. HAWK

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georgie18 2 weeks ago

It’s a chert play for me…that’s what 90% of what I buy are…🥳

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Ricorich 2 weeks ago

What's driving the price up?

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georgie18 2 weeks ago

GOEV...71s clearing here ...🥳...off my 55 range alert...

georgie18

Member Level
Re: georgie18 post# 664460

Monday, November 11, 2024 3:14:38 PM

Post#
664484
of 664504
GOEV...6554...HOD...Off my .55 range Alert...🥳

georgie18

Member Level
Re: georgie18 post# 1109

Monday, November 11, 2024 2:24:13 PM

Post#
1110
of 1110
GOEV...619...Psar flipped Bullish here...🥳

georgie18

Member Level
Re: georgie18 post# 664351

Monday, November 11, 2024 9:32:55 AM

Post#
664377
of 664460
GOEV...585...Off my .55 Alert...🥳

georgie18

Member Level
Re: None

Monday, November 11, 2024 7:28:09 AM

Post#
1108
of 1108
GOEV...55... 🥳... https://schrts.co/RmmKafJY ...Bullish Squeeze Alert Reversal Pattern to the Upside...

👍️0

georgie18 2 weeks ago

GOEV...6554...HOD...Off my .55 range Alert...🥳

georgie18

Member Level
Re: georgie18 post# 1109

Monday, November 11, 2024 2:24:13 PM

Post#
1110
of 1110
GOEV...619...Psar flipped Bullish here...🥳

georgie18

Member Level
Re: georgie18 post# 664351

Monday, November 11, 2024 9:32:55 AM

Post#
664377
of 664460
GOEV...585...Off my .55 Alert...🥳

georgie18

Member Level
Re: None

Monday, November 11, 2024 7:28:09 AM

Post#
1108
of 1108
GOEV...55... 🥳... https://schrts.co/RmmKafJY ...Bullish Squeeze Alert Reversal Pattern to the Upside...

👍️0

georgie18 2 weeks ago

GOEV...619...Psar flipped Bullish here...🥳

georgie18

Member Level
Re: georgie18 post# 664351

Monday, November 11, 2024 9:32:55 AM

Post#
664377
of 664460
GOEV...585...Off my .55 Alert...🥳

georgie18

Member Level
Re: None

Monday, November 11, 2024 7:28:09 AM

Post#
1108
of 1108
GOEV...55... 🥳... https://schrts.co/RmmKafJY ...Bullish Squeeze Alert Reversal Pattern to the Upside...

👍️0

georgie18 2 weeks ago

GOEV...585...Off my .55 Alert...🥳

georgie18

Member Level
Re: None

Monday, November 11, 2024 7:28:09 AM

Post#
1108
of 1108
GOEV...55... 🥳... https://schrts.co/RmmKafJY ...Bullish Squeeze Alert Reversal Pattern to the Upside...

👍️0

georgie18 2 weeks ago

GOEV...55... 🥳... https://schrts.co/RmmKafJY ...Bullish Squeeze Alert Reversal Pattern to the Upside...

👍️ 1

Garbone 2 weeks ago

I think I looked at and decided against putting anything down to reserve a Pickup with this company over a year ago. They do not seem to have any type of management concerned with actually producing product. They seem crazy inept.

Looking at their job postings, they have been looking for a Welding inspector since May and it seems they may have cleaned house in their design department in September. This may have to do with their HQ moving but it is all pretty nuts for a company that said it would be producing thousands of units by this stage.

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rickn23 2 weeks ago

I read this almost a week ago. I had not heard about the furlough at the time, so it was out of context. Things could be much worst than the company is letting on.

Canoo Workers Claim Furlough Affects 80-90% of Factory Staff, Not 23% as Announced
https://eletric-vehicles.com/canoo/canoo-workers-claim-furlough-affects-80-90-of-factory-staff-not-23-as-announced/

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threebabiesbusy 2 weeks ago

I’m part of group that posts hard to find information and due diligence. I haven’t yet verified the information but thought it might have some validity given stock action this week. I tried to c&p the article but it wouldn’t allow me to. Could be craziness.

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gladeshawk 2 weeks ago

I have not heard of those huge numbers for orders. If so, then the pps is vastly undervalued. TWT. HAWK

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fizzlegig 2 weeks ago

Honestly it does not look rosey.

Both the previous CFO and General Council resigned and have been replaced.
SEC Filing

Last founder left a few weeks ago.
Lawsuits from vendors.
Tech Crunch

AFV was founded by Tony Aquila.
https://www.afvpartners.com/

The "temporary furlough" with a not so promising interview with one of those furloughed about the ability of the OK facility to produce or the validity of the vehicles turned over to the OK state being actually produced in OK as reported.
KFOR-TV news

I sincerely hope the financials next week give a more positive outlook than recent events, but I am not that optimistic.

Regards,
Fizzlegig

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threebabiesbusy 2 weeks ago

Rumor has that they have $3 billion worth of orders from Walmart and USPS was 750 million of that 3 billion confirmed. FedEx is still a strong target

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gladeshawk 2 weeks ago

GOEV is very undervalued imho. Should be over $1.00. Just my take. HAWK

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Alvie 2 weeks ago

Hadn't seen this from Oct. 31 and Nov 5 and not sure what it means as Kunal Bhalla has been CFO since 2021. Can't find this info anyplace else, it just showed up on Fidelity......

BRIEF-Canoo Inc -On Oct 31, Announced Appointment Of Kunal Bhalla As Its CFO
Reuters 2024-11-05T17:58:00-05:00
Nov 5 (Reuters) - Canoo Inc (GOEV.NaE) :

* ON OCT 31 , ANNOUNCED APPOINTMENT OF KUNAL BHALLA AS ITS CHIEF FINANCIAL OFFICER

* TO TEMPORARILY REDUCE ITS WORKFORCE IN OKLAHOMA CITY BY FURLOUGHING 23% OF ITS FACTORY WORKERS

* FURLOUGHING OF SOME FACTORY WORKERS IN IN OKLAHOMA CITY FOR TWELVE WEEKS

* ENTERED REVOLVING CREDIT FACILITY AGREEMENT & RELATED SECURITY AGREEMENT WITH AFV

* UNDER AGREEMENT AFV MAY PROVIDE WORKING CAPITAL ADVANCES TO CO OF UP TO $12 MILLION FOR A PERIOD OF UP TO 12 MONTHS

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gladeshawk 2 weeks ago

IMHO< It all depends on whether or not production timeline the company has put out to investors happens. More product "out the door" and more orders coming in. I would love to get that "Bulldog" truck. That Tesla truck is a POS. HAWK

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Alvie 2 weeks ago

Don't disagree, but it might just be spread out over a longer period of time...

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gladeshawk 2 weeks ago

True, but it's still a big market. USPS contract would be 10-12K vehicles. Walmart 5-6K. Plus overseas markets. I believe the state of Okla. order was 100. We shall see. HAWK

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Alvie 2 weeks ago

Most of the EV stocks are down today after Trump's win - fearful that the pressure will be off to convert to EV models.

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gladeshawk 3 weeks ago

I picked up some shares at .38. No big buys. I still believe they will get some type of USPS order. They should have production ramped up by the 1st Qtr. TWT. HAWK

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gladeshawk 3 weeks ago

Some response from the company to this drop in pps would help. IF there is a problem I cannot find anything in terms of bad news. I continue to see this as a very oversold stock. TWT if I am right on this. HAWK

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Alvie 3 weeks ago

Agree. Also got some at 0.384

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gladeshawk 3 weeks ago

Bought a few hundred at .38. Oversold, IMHO. HAWK

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Monksdream 3 weeks ago

GOEV, new 52 week low

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willlbone 3 weeks ago

GoEver lower.

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Monksdream 3 weeks ago

GOEV, new 52 week low

gladeshawk 3 weeks ago

Bought a few hundred avg. low .60s. Holding off on big buys for now. IMHO, oversold, but it can get more oversold next week. TWT. HAWK

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Alvie 3 weeks ago

Getting closer to your 0.50 buy target - unfortunately....

Volume remains fairly low, no major investors capitulating, but sufficient to allow MM's to continue lowering price, although volume is increasing as I write.

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Alvie 3 weeks ago

Looks like Canoo has a definite focus on the UK:

Canoo Receives Regulatory Approval for UK Pilot Vehicles

Canoo Partners with The AA in the UK

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Monksdream 4 weeks ago

GOEV new 52 week low

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gladeshawk 1 month ago

I'm making a bet the USPS contract comes in sometime next year. Could be as many as 12,000 units. TWT. HAWK

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Alvie 1 month ago

A COUPLE OF ACTIVITY SPURTS (300,000 SHARES TRADED IN 1 MINUTE), GOT IT BACK OVER 1. LET'S SEE IF IT HOLDS

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bigunit18 1 month ago

JUSTIN, Texas, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (Nasdaq: NASDAQ:GOEV), a high-tech advanced mobility company, today announced that its Lifestyle Delivery Vehicle 190 (LDV 190) has won the Overall Electric Vehicle of the Year award by AutoTech Breakthrough Awards

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bigunit18 1 month ago

Canoo Inc. (NASDAQ:GOEV), a company specializing in motor vehicle parts and accessories, has entered into a funding agreement with YA II PN, Ltd., a Cayman Islands-based investment firm. The agreement, effective as of Monday, October 11, 2024, includes a supplemental advance of approximately $2.66 million from YA II PN, Ltd. to Canoo Inc.
This transaction is part of a larger arrangement that could provide Canoo with up to $100 million in funding.

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TRUSTUNITS1000000 1 month ago

Down today

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Alvie 1 month ago

If they can't keep the share price above 1, they are going to have to do another r/s, hopefully not 23/1.....

Solid PR would help, as would good news on next month's quarterly report.

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TRUSTUNITS1000000 1 month ago

Dropped today so far stock price

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TRUSTUNITS1000000 1 month ago

Interesting, you think another one

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Canoo Inc (GOEV)

Real-time discussions and trading ideas: Trade with confidence with our powerful platform.

GOEV News

Canoo Announces Adjournment of Annual Meeting

Canoo Partners with Northside Truck & Van to Deliver its Initial Parts Network and Reliable Service, Maintenance, and Repair Services to Customers in the United Kingdom

Canoo Inc. Announces Third Quarter 2024 Results

Canoo Schedules Third Quarter 2024 Earnings Conference Call and Webcast

Canoo Partners with The AA in the UK for Premium Roadside Assistance Services to Commercial and Government Customers

Canoo Receives Regulatory Approval for UK Pilot Vehicles

Canoo LDV 190 Named “Overall Electric Vehicle of the Year” by AutoTech Breakthrough

Canoo Launches Commercial Operations and Activation Center in the United Kingdom

Canoo’s Oklahoma City Manufacturing Facility Achieves Final Activation as First Automotive Foreign-Trade Zone in the State of Oklahoma

Canoo Expands Presence in Oklahoma and Texas with Engineering Talent and Headquarters Relocation

Form 424B5 - Prospectus [Rule 424(b)(5)]

Form 8-K - Current report

Canoo to Participate in Upcoming Investor Conferences

Cisco Beats Estimates and Announces Restructuring, Canoo Rises 6%, Lulus Losses Widen, Latest in Earnings

Form 10-Q - Quarterly report [Sections 13 or 15(d)]

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Canoo Inc (GOEV)

Real-time discussions and trading ideas: Trade with confidence with our powerful platform.

GOEV News

Canoo Announces Adjournment of Annual Meeting

Canoo Partners with Northside Truck & Van to Deliver its Initial Parts Network and Reliable Service, Maintenance, and Repair Services to Customers in the United Kingdom

Canoo Inc. Announces Third Quarter 2024 Results

Canoo Schedules Third Quarter 2024 Earnings Conference Call and Webcast

Canoo Partners with The AA in the UK for Premium Roadside Assistance Services to Commercial and Government Customers

Canoo Receives Regulatory Approval for UK Pilot Vehicles

Canoo LDV 190 Named “Overall Electric Vehicle of the Year” by AutoTech Breakthrough

Canoo Launches Commercial Operations and Activation Center in the United Kingdom

Canoo’s Oklahoma City Manufacturing Facility Achieves Final Activation as First Automotive Foreign-Trade Zone in the State of Oklahoma

Canoo Expands Presence in Oklahoma and Texas with Engineering Talent and Headquarters Relocation

Form 424B5 - Prospectus [Rule 424(b)(5)]

Form 8-K - Current report

Canoo to Participate in Upcoming Investor Conferences

Cisco Beats Estimates and Announces Restructuring, Canoo Rises 6%, Lulus Losses Widen, Latest in Earnings

Form 10-Q - Quarterly report [Sections 13 or 15(d)]

GOEV Discussion

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Company

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