Where Will Canoo Stock Be in 1 Year? [Yahoo! Finance]
Canoo Inc. - Class A (GOEV)
Company Research
Source: Yahoo! Finance
That sounds great, and if you look at the income statement, it is clearly true. But there's still one small nuance to consider if you examine the company's 10-Q filing. Canoo finally has some income In the third quarter of 2023, Canoo generated $519,000 of revenue, compared to zero in the prior year period. In fact, if you look back through the company's short history (it went public through a merger with a special purpose acquisition company in December 2020), the third quarter of 2023 was the first time it generated any revenue at all. To give credit where credit is due, the third quarter was a big improvement. Until now, the company has just been trying to build its business. Getting to this point was no small feat, given that creating an EV company from, effectively, scratch is both difficult and expensive. That said, there are still some problems investors need to consider. For example, while it generated $519,000 in revenue, the cost of revenue tallied up to $903,000. So
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GOEV
News
- Canoo Inc. (NASDAQ: GOEV) is now covered by analysts at Benchmark Co.. They set a "buy" rating and a $5.00 price target on the stock.MarketBeat
- Why Canoo Inc. (GOEV) Outpaced the Stock Market Today [Yahoo! Finance]Yahoo! Finance
- Canoo (GOEV) Partners With Red Sea Global to Expand Footprint [Yahoo! Finance]Yahoo! Finance
- Wall Street Analysts See Canoo (GOEV) as a Buy: Should You Invest? [Yahoo! Finance]Yahoo! Finance
- Canoo Further Expands its International Market Presence through the Red Sea Global Partnership in the Kingdom of Saudi Arabia [Yahoo! Finance]Yahoo! Finance
GOEV
Earnings
- 4/1/24 - Beat
GOEV
Sec Filings
- 4/16/24 - Form SC
- 4/16/24 - Form 4
- 4/12/24 - Form S-8
- GOEV's page on the SEC website