---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-014072"
form_type: "8-K"
ticker: null
cik: "0001750153"
company_name: "Canoo Inc."
filed_at: "2024-04-01T23:59:59+00:00"
generated_at: "2026-06-04T04:47:42.955833+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Canoo Q4 net loss narrows to $29M, delivers first 17 vehicles; FY2024 revenue guidance $50-100M

## Summary
- GAAP net loss $29.0M Q4, $302.6M FY2023; Adjusted EBITDA $(54.6M) Q4, $(224.4M) FY — 45% YoY improvement
- Delivered 22 vehicles FY2023 (17 Q4) to first customers (Oklahoma, Kingbee, Zeeba); secured USPS deal for right-hand-drive LDV190s
- Received $45M investment from foreign institutional investor; OKC FTZ designation expected to save up to $70M in costs/duties by 2025
- FY2024 revenue guidance $50-100M; cash outflow $45-75M/quarter; capex guidance deferred to future quarters
- Appointed former NASA CTO Deborah Diaz and EV veteran James Chen to board of directors

## SEC filing metadata
- accession: 0001628280-24-014072
- form_type: 8-K
- cik: 0001750153
- company_name: Canoo Inc.
- filed_at: 2024-04-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1750153/000162828024014072/0001628280-24-014072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1750153/000162828024014072/goev-20240401.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-014072
- JSON: https://secwatch.observer/filing/0001628280-24-014072.json
- Plain text: https://secwatch.observer/filing/0001628280-24-014072.txt

## Key facts
- Earnings Releases
  Canoo Inc. reported fiscal year ended December 31, 2023 results: net income $302.6 million.
  - Period: fiscal year ended December 31, 2023
  - Net income: $302.6 million
  - Result: reported results
  source text: Canoo Inc. (Nasdaq: GOEV), a high-tech advanced mobility company, today announced its financial results for the fourth quarter and fiscal year 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1750153/000162828024014072/0001628280-24-014072-index.htm
- Earnings Releases
  Canoo Inc. reported 2024 results: revenue $50 million to $100 million. Guidance initiated.
  - Period: 2024
  - Revenue: $50 million to $100 million
  - Guidance: initiated
  - Result: guidance update
  source text: Based upon our current projections, Canoo expects: • Annual Revenue - $50 million to $100 million • Cash Outflow - $45 million to $75 million per quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/1750153/000162828024014072/0001628280-24-014072-index.htm
- Earnings Releases
  Canoo Inc. reported fourth quarter 2023 results: net income $29.0 million.
  - Period: fourth quarter 2023
  - Net income: $29.0 million
  - Result: reported results
  source text: GAAP net loss and comprehensive loss of $29.0 million and $302.6 million for the three and twelve months ended December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1750153/000162828024014072/0001628280-24-014072-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.