Canoo Inc.
canoo.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q3 FY2024 10-Q, filed Nov 14, 2024. Its latest SEC filing is a 25-NSE from Jun 3, 2025.
10-Q for Q3 FY2024, filed Nov 14, 2024
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Builds electric vehicles and develops connected services for commercial, government and military customers, as well as individual buyers.
10-K for FY2023, filed Apr 1, 2024Canoo Inc. (“Canoo” or the “Company”) is a high tech advanced mobility technology company with a proprietary modular electric vehicle…View ↗
In addition to our vehicle technology, we are developing an in-house designed and proprietary software platform that aggregates car data…View ↗
We aim to provide a frictionless experience that puts our products in the hands of commercial and government fleet customers efficiently…View ↗
How Did They Make Money?
$886K
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10-K for FY2023, filed Apr 2, 2024
$886K ↗
Who Were Their Customers?
Canoo targets commercial fleet, government and military customers, along with individuals. It expects to sell directly through its website to fleets, individuals and volume buyers; third-party partners may support accessory purchases and installation.
10-K for FY2023, filed Apr 1, 2024Canoo Inc. (“Canoo” or the “Company”) is a high tech advanced mobility technology company with a proprietary modular electric vehicle…View ↗
We aim to provide a frictionless experience that puts our products in the hands of commercial and government fleet customers efficiently…View ↗
We expect to offer direct sales through our website for fleets, individuals, and volume orders. We also anticipate that a future revenue…View ↗
Did Revenues Turn Into Profits?
No. It lost $302M in FY2023.
10-K for FY2023, filed Apr 2, 2024
−$267.8MView ↗
10-K for FY2023, filed Apr 2, 2024
−$302MView ↗
10-K for FY2023, filed Apr 2, 2024
−$318.2MView ↗
How Were They Changing?
- Net income
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Sources
10-Q for Q3 FY2024, filed Nov 14, 2024
$3.3MView ↗
- ▲ Now profitable
- vs −$112M in Q3 FY2023
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Jan 24, 2025
Nasdaq determined Canoo's securities would be delisted
Canoo said it would not appeal; trading was expected to be suspended and the securities delisted.
Sources
8-K, filed Jan 24, 2025
On January 22, 2025, the Company received a letter from the staff of the Listing Qualifications Department (the “Staff”) of the Nasdaq…View ↗
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Jan 21, 2025
Canoo and subsidiaries filed for Chapter 7 liquidation
A trustee is to take control of the debtors' assets and liabilities, which will be liquidated and claims paid.
Sources
8-K, filed Jan 21, 2025
On January 17, 2025, Canoo, Inc. (the “Company”) and certain of its subsidiaries, including Canoo Technologies Inc., EV US Holdco Inc., EV…View ↗
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Nov 5, 2024
Canoo appointed a new CFO after its CFO resigned
Kunal Bhalla was appointed CFO; Greg Ethridge resigned from the role.
Sources
8-K, filed Nov 5, 2024
On October 31, 2024, Canoo Inc. announced the appointment of Kunal Bhalla as its Chief Financial Officer, effective immediately.View ↗
Production deliveries
The older report described developing the platform and products; the latest says Canoo has commercialized its first production vehicles and is delivering them to customers.
10-K for FY2020, filed Mar 31, 2021 10-K for FY2023, filed Apr 1, 2024Canoo Inc. (“Canoo” or the “Company”) is a high tech advanced mobility technology company with a proprietary modular electric vehicle…View ↗
Software reaches other vehicles The older report mentioned customer insights from vehicle data; the latest describes software that also gathers data from vehicles made by other manufacturers and provides fleet and household tools.
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