Canoo Inc. Stock News

Canoo just changed CFOs -- for the second time this year. The last time Canoo hired a new CFO, its stock jumped as well.

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The company settled a major issue that was a thorn in its side.

Management highlighted the strategic choice that lowers risk for itself and investors.

Canoo ended its fiscal 2023 second quarter with cash and equivalents of $5 million. This was set against cash outflows from operations of $62.3 million and guidance for at least $70 million in capital

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Canoo (NASDAQ: GOEV ) stock is a unique EV stock. A lifestyle vehicle company, Canoo produces vans which are partly retro and partly utilitarian, for a very specific buyer.

Alliance Global Partners issued a buy rating for Canoo stock today. Alliance Global thinks Canoo stock could triple as production ramps up to fulfill more than 60,000 EV orders.

Canoo's second-quarter report actually arrived with a smaller-than-expected loss. But the company still has yet to generate any revenue, and its financials are shaky.

Canoo's progress in developing and producing electric vehicles has been slow.

Canoo reported a smaller-than-expected loss for Q2 2023. The company is still burning cash at a frightful rate -- but still finding people to lend it money.

Canoo Inc. (NASDAQ:GOEV ) Q2 2023 Earnings Conference Call August 14, 2023 5:00 PM ET Company Participants Kunal Bhalla - Senior Vice President, Corporate Development and Capital Markets Tony Aquila -

Electric-vehicle maker Canoo posted a smaller-than-expected quarterly loss on Monday on lower research and development costs, sending its shares up 2% in extended trading.

Canoo Inc (NASDAQ: GOEV) just recorded a huge year-on-year decline in its quarterly loss. Its shares are trading up in extended hours.

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