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Canoo Inc

Canoo Inc (GOEV)

0.1187
-0.0133
( -10.08% )
Actualizado: 14:23:37

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GOEV Noticias

Solo noticias oficiales

GOEV Discussion

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Alvie Alvie 3 horas hace
From Dec. 13 filing from Dec. 9:

"On December 13, 2024, the Company announced that it was temporarily reducing its workforce by furloughing an additional 10 additional employees today resulting in a total of 50 non-essential employees over the last 90 days at its Justin, TX facility. These furloughs, in addition to our previously disclosed furloughs at our Oklahoma City location and Employee Reorganization Plan, are part of the Company's ongoing efforts to reduce costs and conserve cash resources while focusing on core operations.

As described in our Quarterly Report on Form 10-Q filed on November 14, 2024, we operate in a capital-intensive industry which requires significant cash to fund our operations and we will need to raise substantial additional capital to fund operations through the end of 2024 to continue operations. While we are in active discussions regarding additional financing, these or other furloughs could have unintended consequences, and if we are unsuccessful in obtaining additional funds on commercially reasonable terms or at all, or are unsuccessful in reaching agreements with existing vendors on disputed amounts, we likely be unable to satisfy our obligations and may become subject to further litigation or insolvency proceedings. Any of the foregoing would likely have a material adverse effect on the Company's liquidity, financial condition and results of operations, and may render the Company insolvent and unable to sustain its operations and continue as a going concern, which could result in the loss of all of your investment in our stock."
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Alvie Alvie 4 días hace
The Washington Post

https://www.msn.com/en-us/news/us/the-postal-service-s-electric-mail-trucks-are-way-behind-schedule/ar-AA1vJl0X?ocid=msedgntp&pc=DCTS&cvid=dd4451bcbeb94598bb27bb4b9e47129f&ei=90

The Postal Service’s electric mail trucks are way behind schedule

far down in the article is a reference to CANOO

""As early as 2022, postal leaders and some of DeJoy’s advisers pushed him to move the agency away from Oshkosh, citing potential legal problems with the contract and the hefty environmental footprint of the gas-powered trucks. .

Some postal leaders have privately renewed those calls because of Oshkosh’s delays, according to two people familiar with the conversations. And the agency has appeared willing to consider alternatives. In 2022, it tested EVs made by a General Motors subsidiary, and in January, it agreed to try out electric delivery vehicles from start-up Canoo."
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johnydollar johnydollar 4 días hace
It's looking like 1 billion shares will be traded today.
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rickn23 rickn23 6 días hace
Nothing will happen, unless the company starts production. If the company had produced even ten vehicles to start filling their Walmart order, the stock price would be fine, raising money would not be a problem.

The company hasn't been producing vehicles. They concentrated on getting more orders. The company is running out of money and the share price is dropping. Last year's reverse split cut my appetite for shares. It's probably the same for others. I doubt the company will wait long to do another reverse split, sell shares, and pass out bonus shares to management and employees.
👍️ 1
Alvie Alvie 6 días hace
UK possibilities might be more likely to happen before USPS.
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rickn23 rickn23 6 días hace
Yeah. I tend to think Trump not would do that. It would open the bidding process again and delay the Post Office from getting (much needed) new vehicles. EVs are good for the type of driving most postal workers do.

Edit
I think the thing hurting GOEV the most is the lack of production (and the late notice that the company would miss Q3 forecasts).
👍️0
gladeshawk gladeshawk 6 días hace
On Bloomberg last week. Guest said Trump is going to reverse Biden's order to "electrify" USPS fleet. ICE vehicles on my rural route are belching blue smoke like crazy. GOEV had hoped for an order of 10K plus. We shall see. HAWK
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rickn23 rickn23 6 días hace
The share price is below a dollar. The SEC sent a de listing notice last week (still 180 minus a few days, until necessary). The shareholders (somehow) voted yesterday for managements ability to do a reverse split. And, the company still doesn't appear to be producing vans to fill orders.
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Sirius_Corona Sirius_Corona 6 días hace
What is the reason this company's stock keeps going down beyond it being a startup and struggling to scale and make a profit, like most companies in the EV sector? Is there news of dilution, reverse split, etc.?
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Rosym Rosym 7 días hace
Good Luck
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Alvie Alvie 1 semana hace
Reuters: "Exclusive-Trump may cancel US Postal Service electric mail truck contract, sources say"

Probably why the major down yesterday and today - in addition to the vote expected today....
👍️ 1 😞 1
Alvie Alvie 2 semanas hace
Canoo will have it's Stockholders meeting tomorrow. Stock price doesn't anticipate any good news.

Stock price on 11/22 when the Annual Meeting was originally scheduled but then postponed was ~0.45. It's currently ~0.34, a decrease of ~ 25% over the last two weeks.
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Alvie Alvie 1 mes hace
HC Wainwright & Co. Maintains Buy on Canoo, Lowers Price Target to $2
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threebabiesbusy threebabiesbusy 1 mes hace
Agree, now they can just get a certified welder! I’m in the industry. I can recommend someone.Lol
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gladeshawk gladeshawk 1 mes hace
"IF" they get a handle on things, mostly production, next year could be a breakout year for them. "IF" so then the pps is vastly undervalued. HAWK
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Alvie Alvie 1 mes hace
Canoo Q3 Earnings: Revenue Miss, EPS Beat, Continued Operations Consolidation And More
Benzinga
34 mins ago
Canoo Inc (GOEV.NaE) reported third-quarter financial results after the market close on Wednesday. Here’s a rundown of the EV maker’s report.

Q3 Revenue: $891,000, versus estimates of $2.11 million
Q3 Adjusted EPS: Loss of 54 cents, versus estimates for a loss of 77 cents
Canoo (GOEV.NaE) reported a quarterly cash outflow of $31.3 million, down 20.7% from the second quarter and down 58.6% on a year-over-year basis. The company ended the quarter with $16 million in cash, cash equivalents and restricted cash.

“While we focus on our core markets we must continue to take aggressive actions to consolidate our operations, reduce costs, and catch-up to our plan. This starts from the top led by a committed executive team, which is willing to take short-term pay cuts for long-term incentives and believes in the value we create for our customers, associates and shareholders,” said Tony Aquila, executive chairman and CEO of Canoo (GOEV.NaE).

“This will continue to be a difficult and critical period as we do everything we can to get the capital in place, bring jobs back online, and get back on track with our step-level manufacturing plan.”

Outlook: Canoo (GOEV.NaE) expects fourth-quarter cash outflow to be between $30 million and $40 million. The company anticipates a fourth-quarter adjusted EBITDA loss of 30 million to $35 million, versus a loss of $38 million in the third quarter.

The company noted the consolidation of its operations from California to Texas and Oklahoma is expected to result in estimated future savings of approximately $12 million to $14 million per year.
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Alvie Alvie 1 mes hace
Canoo Q3 2024 Adj EPS $(0.54) Beats $(0.77) Estimate, Sales $891.00K Miss $2.11M Estimate
Benzinga
9 mins ago
Canoo (GOEV.NaE) reported quarterly losses of $(0.54) per share which beat the analyst consensus estimate of $(0.77) by 29.87 percent. This is a 68.42 percent increase over losses of $(1.71) per share from the same period last year. The company reported quarterly sales of $891.00 thousand which missed the analyst consensus estimate of $2.11 million by 57.82 percent. This is a 71.68 percent increase over sales of $519.00 thousand the same period last year.
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georgie18 georgie18 1 mes hace
GOEV...7432...🥳...All out today from my .55 buys...hit .85 in the P/M...and .75 today...will watch for another entry...

georgie18

Member Level
Re: georgie18 post# 664541

Tuesday, November 12, 2024 10:32:48 AM

Post#
664584
of 664672
GOEV...69s off the .60 range dip...Hit 85s in the P/M...🥳

georgie18

Member Level
Re: georgie18 post# 1116

Tuesday, November 12, 2024 8:58:04 AM

Post#
1117
of 1117
GOEV...80s hitting here with 400,000 Bidder hiding at .7938...🥳

GOEV...76s clearing here off my .55 range Alert...🥳

georgie18

Member Level
Re: georgie18 post# 1111

Monday, November 11, 2024 5:24:13 PM

Post#
1112
of 1115
GOEV...71s clearing here ...🥳...off my 55 range alert...

georgie18

Member Level
Re: georgie18 post# 664460

Monday, November 11, 2024 3:14:38 PM

Post#
664484
of 664504
GOEV...6554...HOD...Off my .55 range Alert...🥳

georgie18

Member Level
Re: georgie18 post# 1109

Monday, November 11, 2024 2:24:13 PM

Post#
1110
of 1110
GOEV...619...Psar flipped Bullish here...🥳

georgie18

Member Level
Re: georgie18 post# 664351

Monday, November 11, 2024 9:32:55 AM

Post#
664377
of 664460
GOEV...585...Off my .55 Alert...🥳

georgie18

Member Level
Re: None

Monday, November 11, 2024 7:28:09 AM

Post#
1108
of 1108
GOEV...55... 🥳... https://schrts.co/RmmKafJY ...Bullish Squeeze Alert Reversal Pattern to the Upside...
👍️0
rickn23 rickn23 1 mes hace
Canoo tested its electric delivery vans for Walmart without airbags despite employees raising red flags, sources say

https://fortune.com/2024/11/12/canoo-electric-delivery-vans-walmart-no-airbags/
👍️0
georgie18 georgie18 1 mes hace
GOEV...69s off the .60 range dip...Hit 85s in the P/M...🥳

georgie18

Member Level
Re: georgie18 post# 1116

Tuesday, November 12, 2024 8:58:04 AM

Post#
1117
of 1117
GOEV...80s hitting here with 400,000 Bidder hiding at .7938...🥳

GOEV...76s clearing here off my .55 range Alert...🥳

georgie18

Member Level
Re: georgie18 post# 1111

Monday, November 11, 2024 5:24:13 PM

Post#
1112
of 1115
GOEV...71s clearing here ...🥳...off my 55 range alert...

georgie18

Member Level
Re: georgie18 post# 664460

Monday, November 11, 2024 3:14:38 PM

Post#
664484
of 664504
GOEV...6554...HOD...Off my .55 range Alert...🥳

georgie18

Member Level
Re: georgie18 post# 1109

Monday, November 11, 2024 2:24:13 PM

Post#
1110
of 1110
GOEV...619...Psar flipped Bullish here...🥳

georgie18

Member Level
Re: georgie18 post# 664351

Monday, November 11, 2024 9:32:55 AM

Post#
664377
of 664460
GOEV...585...Off my .55 Alert...🥳

georgie18

Member Level
Re: None

Monday, November 11, 2024 7:28:09 AM

Post#
1108
of 1108
GOEV...55... 🥳... https://schrts.co/RmmKafJY ...Bullish Squeeze Alert Reversal Pattern to the Upside...
👍️0
georgie18 georgie18 1 mes hace
GOEV...80s hitting here with 400,000 Bidder hiding at .7938...🥳

GOEV...76s clearing here off my .55 range Alert...🥳

georgie18

Member Level
Re: georgie18 post# 1111

Monday, November 11, 2024 5:24:13 PM

Post#
1112
of 1115
GOEV...71s clearing here ...🥳...off my 55 range alert...

georgie18

Member Level
Re: georgie18 post# 664460

Monday, November 11, 2024 3:14:38 PM

Post#
664484
of 664504
GOEV...6554...HOD...Off my .55 range Alert...🥳

georgie18

Member Level
Re: georgie18 post# 1109

Monday, November 11, 2024 2:24:13 PM

Post#
1110
of 1110
GOEV...619...Psar flipped Bullish here...🥳

georgie18

Member Level
Re: georgie18 post# 664351

Monday, November 11, 2024 9:32:55 AM

Post#
664377
of 664460
GOEV...585...Off my .55 Alert...🥳

georgie18

Member Level
Re: None

Monday, November 11, 2024 7:28:09 AM

Post#
1108
of 1108
GOEV...55... 🥳... https://schrts.co/RmmKafJY ...Bullish Squeeze Alert Reversal Pattern to the Upside...
👍️0
georgie18 georgie18 1 mes hace
GOEV...76s clearing here off my .55 range Alert...🥳

georgie18

Member Level
Re: georgie18 post# 1111

Monday, November 11, 2024 5:24:13 PM

Post#
1112
of 1115
GOEV...71s clearing here ...🥳...off my 55 range alert...

georgie18

Member Level
Re: georgie18 post# 664460

Monday, November 11, 2024 3:14:38 PM

Post#
664484
of 664504
GOEV...6554...HOD...Off my .55 range Alert...🥳

georgie18

Member Level
Re: georgie18 post# 1109

Monday, November 11, 2024 2:24:13 PM

Post#
1110
of 1110
GOEV...619...Psar flipped Bullish here...🥳

georgie18

Member Level
Re: georgie18 post# 664351

Monday, November 11, 2024 9:32:55 AM

Post#
664377
of 664460
GOEV...585...Off my .55 Alert...🥳

georgie18

Member Level
Re: None

Monday, November 11, 2024 7:28:09 AM

Post#
1108
of 1108
GOEV...55... 🥳... https://schrts.co/RmmKafJY ...Bullish Squeeze Alert Reversal Pattern to the Upside...
👍️0
gladeshawk gladeshawk 1 mes hace
My chart indicators had it way into oversold territory. This run could take it to $2 plus range. Just my take. HAWK
👍️0
georgie18 georgie18 1 mes hace
It’s a chert play for me…that’s what 90% of what I buy are…🥳
👍️0
Ricorich Ricorich 1 mes hace
What's driving the price up?
👍️0
georgie18 georgie18 1 mes hace
GOEV...71s clearing here ...🥳...off my 55 range alert...

georgie18

Member Level
Re: georgie18 post# 664460

Monday, November 11, 2024 3:14:38 PM

Post#
664484
of 664504
GOEV...6554...HOD...Off my .55 range Alert...🥳

georgie18

Member Level
Re: georgie18 post# 1109

Monday, November 11, 2024 2:24:13 PM

Post#
1110
of 1110
GOEV...619...Psar flipped Bullish here...🥳

georgie18

Member Level
Re: georgie18 post# 664351

Monday, November 11, 2024 9:32:55 AM

Post#
664377
of 664460
GOEV...585...Off my .55 Alert...🥳

georgie18

Member Level
Re: None

Monday, November 11, 2024 7:28:09 AM

Post#
1108
of 1108
GOEV...55... 🥳... https://schrts.co/RmmKafJY ...Bullish Squeeze Alert Reversal Pattern to the Upside...
👍️0
georgie18 georgie18 1 mes hace
GOEV...6554...HOD...Off my .55 range Alert...🥳

georgie18

Member Level
Re: georgie18 post# 1109

Monday, November 11, 2024 2:24:13 PM

Post#
1110
of 1110
GOEV...619...Psar flipped Bullish here...🥳

georgie18

Member Level
Re: georgie18 post# 664351

Monday, November 11, 2024 9:32:55 AM

Post#
664377
of 664460
GOEV...585...Off my .55 Alert...🥳

georgie18

Member Level
Re: None

Monday, November 11, 2024 7:28:09 AM

Post#
1108
of 1108
GOEV...55... 🥳... https://schrts.co/RmmKafJY ...Bullish Squeeze Alert Reversal Pattern to the Upside...
👍️0
georgie18 georgie18 1 mes hace
GOEV...619...Psar flipped Bullish here...🥳

georgie18

Member Level
Re: georgie18 post# 664351

Monday, November 11, 2024 9:32:55 AM

Post#
664377
of 664460
GOEV...585...Off my .55 Alert...🥳

georgie18

Member Level
Re: None

Monday, November 11, 2024 7:28:09 AM

Post#
1108
of 1108
GOEV...55... 🥳... https://schrts.co/RmmKafJY ...Bullish Squeeze Alert Reversal Pattern to the Upside...
👍️0
georgie18 georgie18 1 mes hace
GOEV...585...Off my .55 Alert...🥳

georgie18

Member Level
Re: None

Monday, November 11, 2024 7:28:09 AM

Post#
1108
of 1108
GOEV...55... 🥳... https://schrts.co/RmmKafJY ...Bullish Squeeze Alert Reversal Pattern to the Upside...
👍️0
georgie18 georgie18 1 mes hace
GOEV...55... 🥳... https://schrts.co/RmmKafJY ...Bullish Squeeze Alert Reversal Pattern to the Upside...
👍️ 1
Garbone Garbone 1 mes hace
I think I looked at and decided against putting anything down to reserve a Pickup with this company over a year ago. They do not seem to have any type of management concerned with actually producing product. They seem crazy inept.

Looking at their job postings, they have been looking for a Welding inspector since May and it seems they may have cleaned house in their design department in September. This may have to do with their HQ moving but it is all pretty nuts for a company that said it would be producing thousands of units by this stage.
👍️0
rickn23 rickn23 1 mes hace
I read this almost a week ago. I had not heard about the furlough at the time, so it was out of context. Things could be much worst than the company is letting on.

Canoo Workers Claim Furlough Affects 80-90% of Factory Staff, Not 23% as Announced
https://eletric-vehicles.com/canoo/canoo-workers-claim-furlough-affects-80-90-of-factory-staff-not-23-as-announced/
👍️0
threebabiesbusy threebabiesbusy 1 mes hace
I’m part of group that posts hard to find information and due diligence. I haven’t yet verified the information but thought it might have some validity given stock action this week. I tried to c&p the article but it wouldn’t allow me to. Could be craziness.
👍️0
gladeshawk gladeshawk 1 mes hace
I have not heard of those huge numbers for orders. If so, then the pps is vastly undervalued. TWT. HAWK
👍️0
fizzlegig fizzlegig 1 mes hace
Honestly it does not look rosey.

Both the previous CFO and General Council resigned and have been replaced.
SEC Filing

Last founder left a few weeks ago.
Lawsuits from vendors.
Tech Crunch

AFV was founded by Tony Aquila.
https://www.afvpartners.com/

The "temporary furlough" with a not so promising interview with one of those furloughed about the ability of the OK facility to produce or the validity of the vehicles turned over to the OK state being actually produced in OK as reported.
KFOR-TV news

I sincerely hope the financials next week give a more positive outlook than recent events, but I am not that optimistic.

Regards,
Fizzlegig
👍️0
threebabiesbusy threebabiesbusy 1 mes hace
Rumor has that they have $3 billion worth of orders from Walmart and USPS was 750 million of that 3 billion confirmed. FedEx is still a strong target
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gladeshawk gladeshawk 1 mes hace
GOEV is very undervalued imho. Should be over $1.00. Just my take. HAWK
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Alvie Alvie 1 mes hace
Hadn't seen this from Oct. 31 and Nov 5 and not sure what it means as Kunal Bhalla has been CFO since 2021. Can't find this info anyplace else, it just showed up on Fidelity......

BRIEF-Canoo Inc -On Oct 31, Announced Appointment Of Kunal Bhalla As Its CFO
Reuters 2024-11-05T17:58:00-05:00
Nov 5 (Reuters) - Canoo Inc (GOEV.NaE) :

* ON OCT 31 , ANNOUNCED APPOINTMENT OF KUNAL BHALLA AS ITS CHIEF FINANCIAL OFFICER

* TO TEMPORARILY REDUCE ITS WORKFORCE IN OKLAHOMA CITY BY FURLOUGHING 23% OF ITS FACTORY WORKERS

* FURLOUGHING OF SOME FACTORY WORKERS IN IN OKLAHOMA CITY FOR TWELVE WEEKS

* ENTERED REVOLVING CREDIT FACILITY AGREEMENT & RELATED SECURITY AGREEMENT WITH AFV

* UNDER AGREEMENT AFV MAY PROVIDE WORKING CAPITAL ADVANCES TO CO OF UP TO $12 MILLION FOR A PERIOD OF UP TO 12 MONTHS
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gladeshawk gladeshawk 1 mes hace
IMHO< It all depends on whether or not production timeline the company has put out to investors happens. More product "out the door" and more orders coming in. I would love to get that "Bulldog" truck. That Tesla truck is a POS. HAWK
👍️0
Alvie Alvie 1 mes hace
Don't disagree, but it might just be spread out over a longer period of time...
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gladeshawk gladeshawk 1 mes hace
True, but it's still a big market. USPS contract would be 10-12K vehicles. Walmart 5-6K. Plus overseas markets. I believe the state of Okla. order was 100. We shall see. HAWK
👍️0
Alvie Alvie 1 mes hace
Most of the EV stocks are down today after Trump's win - fearful that the pressure will be off to convert to EV models.
👍️0
gladeshawk gladeshawk 1 mes hace
I picked up some shares at .38. No big buys. I still believe they will get some type of USPS order. They should have production ramped up by the 1st Qtr. TWT. HAWK
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gladeshawk gladeshawk 1 mes hace
Some response from the company to this drop in pps would help. IF there is a problem I cannot find anything in terms of bad news. I continue to see this as a very oversold stock. TWT if I am right on this. HAWK
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Alvie Alvie 1 mes hace
Agree. Also got some at 0.384
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gladeshawk gladeshawk 1 mes hace
Bought a few hundred at .38. Oversold, IMHO. HAWK
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Monksdream Monksdream 1 mes hace
GOEV, new 52 week low
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willlbone willlbone 1 mes hace
GoEver lower.
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Monksdream Monksdream 1 mes hace
GOEV, new 52 week low
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351stang 351stang 1 mes hace
what a piece of shit
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