REE - Why Is REE Automotive Stock Trading Lower Today? | Benzinga
REE Automotive Ltd (NASDAQ:REE) reported fourth-quarter FY23 sales growth of 116% Q/Q to $455,000, missing the analyst consensus estimate of $1.35 million.
Operating expenses for the quarter expanded to $36.7 million from $27.8 million a year ago. Non-GAAP EPS loss of $(3.15), missed the consensus of $(2.38).
The operating loss for the quarter was $(37.2) million versus a loss of $(27.8) million last year. Adjusted EBITDA loss expanded to $(32.2) million in the ...