---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-023231"
form_type: "8-K"
ticker: null
cik: "0001750153"
company_name: "Canoo Inc."
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T01:00:58.671628+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Canoo Q1 net loss widens to $110.7M; adjusted EBITDA improves to $(48.3)M

## Summary
- Adjusted EBITDA loss of $(48.3)M improved 28% YoY and 11.5% QoQ.
- GAAP net loss of $(110.7)M vs $(90.7)M in Q1 2023; includes $58.6M loss on convertible debt fair value change.
- Adjusted EPS of $(1.13), improving from $(3.96) in Q1 2023 and $(1.73) in Q4 2023.
- Cash and restricted cash $18.2M; would be $34.7M if Series C preferred fully drawn.
- Delivered LDV190s to USPS; entered Saudi market; expects $50M capex reduction from equipment purchases.

## SEC filing metadata
- accession: 0001628280-24-023231
- form_type: 8-K
- cik: 0001750153
- company_name: Canoo Inc.
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1750153/000162828024023231/0001628280-24-023231-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1750153/000162828024023231/goev-20240514.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-023231
- JSON: https://secwatch.observer/filing/0001628280-24-023231.json
- Plain text: https://secwatch.observer/filing/0001628280-24-023231.txt

## Key facts
- Earnings Releases
  Canoo Inc. reported the first quarter ended March 31, 2024 results: net income $(110.7) million, EPS $(1.13) per share. Guidance reaffirmed.
  - Period: the first quarter ended March 31, 2024
  - Net income: $(110.7) million
  - EPS: $(1.13) per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: On May 14, 2024, Canoo Inc. (the “Company”) issued a press release announcing certain financial and other results for the first quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1750153/000162828024023231/0001628280-24-023231-index.htm

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