GOEV - Canoo Posts Weak Q3 Earnings Sees Adjusted EBITDA Loss For Second Half Of 2023 | Benzinga
Canoo Inc. (NASDAQ: GOEV) shares were volatile in Tuesday's after-hours session following the company's third-quarter financial results.
What To Know: Canoo reported quarterly losses of 18 cents per share, missing the analyst consensus estimate of a loss of 12 cents. The company loss of 43 cents per share from the same period last year.
The company reported quarterly sales of $519,000, missing the Street's estimate of $610,000.
Canoo had cash and cash equivalents of $8.3 million as of Sept. 30. Net cash used in operating activities reached $191.4 million ...