Canoo Sees H2 Adj. EBITDA $(120)M-$(140)M
Portfolio Pulse from Benzinga Newsdesk
Canoo Inc. has projected an adjusted EBITDA loss of $120 million to $140 million for the second half of the year.
August 14, 2024 | 8:08 pm
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Canoo Inc. has projected an adjusted EBITDA loss of $120 million to $140 million for the second half of the year, indicating significant financial challenges.
The projected adjusted EBITDA loss indicates significant financial challenges for Canoo Inc., which is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100