GOEV - Canoo  GAAP EPS of -$0.25 beats by $0.10

2023-03-30 16:45:15 ET

• Canoo press release ( NASDAQ: GOEV ): Q4 GAAP EPS of -$0.25 beats by $0.10 .
• As of December 31, 2022, we had cash and cash equivalents of $36.6 million.
• Adjusted EBITDA of $(60.7) million and $(408.6) million for the three and twelve months ended December 31, 2022, compared to $(120.3) million and $(332.6) million for the three and twelve months ended December 31, 2021.
• Net cash used in operating activities totaled $400.5 million for the twelve months ended December 31, 2022, compared to net cash used in operating activities of $300.8 million for the twelve months ended December 31, 2021.
• Net cash used in investing activities was $66.8 million during the twelve months ended December 31, 2022, compared to net cash used in investing activities of $162.7 million during the twelve months ended December 31, 2021.
• Net cash provided by financing activities was $290.4 million during the twelve months ended December 31, 2022, compared to net cash used in financing activities of $11.4 million during the twelve months ended December 31, 2021.
• Q1 2023 Outlook: Operating Expenses (excluding stock-based compensation and depreciation) of: $55.0 million to $70.0 million
• Capital Expenditures of: $30.0 million to $45.0 million.
• Shares +1.14% .

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