GOEVW - Canoo Inc. (GOEV) Q1 2024 Earnings Call Transcript
2024-05-14 20:21:08 ET
Canoo Inc. (GOEV)
Q1 2024 Earnings Conference Call
May 14, 2024 5:00 PM ET
Company Participants
John Wolf – Vice President, Investor Relations and Corporate Finance
Tony Aquila – Investor, Executive Chairman and Chief Executive Officer
Greg Ethridge – Chief Financial Officer
Ramesh Murthy – Senior Vice President-Finance and Chief Accounting Officer
Conference Call Participants
Michael Legg – The Benchmark Company
Craig Irwin – ROTH Capital Partners
Dan Ives – Wedbush Securities
Stephen Gengaro – Stifel
Donovan Schafer – Northland Capital Markets
Amit Dayal – H.C. Wainwright
Presentation
Operator
Hello, and welcome to the Canoo Q1 2024 Earnings Call. [Operator Instructions] A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.
It's now my pleasure to turn the conference over to John Wolf, Vice President, Investor Relations and Corporate Finance. Please go ahead, John.
John Wolf
Thank you, Kevin, and thanks to everyone for joining us. Welcome to our Q1 2024 earnings call. During the call today Tony will update you on our business and strategy; Greg will provide an update on our financing activities, and Ramesh will go over the Q1 financial results and discuss the capital efficiencies we have gained through low cost acquisitions.
Please be advised that we may make forward-looking statements based on current expectations. These are subject to significant risks and uncertainties, and our actual results may differ materially. For a discussion of factors that could affect our future financial results and business, please refer to the disclosure in today's earnings release and on our most recent Form 10-Q and 10-K and other reports that we may file with the SEC including Form 8-Ks. All of our statements are made as of today and are based on information currently available to us. Except as required by law, we assume no obligation to update any such statements. During this call, we'll discuss non-GAAP financial measures. You can find the reconciliation of these non-GAAP financial measures to GAAP financial measures in today's earnings release, which can be found on the IR section of our website.
With that, I'll hand it over to Tony.
Tony Aquila
Thank you, John. Thank you for joining us. This earnings call will be more abbreviated update given we spoke to you six weeks ago. Our strategy of not focusing in on the consumer market as a first step has played out favorably based on the temporary headwinds facing that industry segment. It's been hard work to get here and there have been bumps in the road and we will continue to fine tune. But as the smoke clears and the true value of the companies that made tough decisions early to focus on core markets with differentiated products, we believe will see not only appreciation, but will deliver a new standard of how global platforms can better meet customer use cases. This will also result in lower R&D and higher return on customer and shareholder capital....
Canoo Inc. (GOEV) Q1 2024 Earnings Call Transcript