Financial Snapshot

Revenue
$825.0K
TTM
Gross Margin
-358.83%
TTM
Net Earnings
-$95.35M
TTM
Current Assets
$74.98M
Q2 2024
Current Liabilities
$34.00M
Q2 2024
Current Ratio
220.57%
Q2 2024
Total Assets
$116.9M
Q2 2024
Total Liabilities
$54.04M
Q2 2024
Book Value
$62.88M
Q2 2024
Cash
$36.27M
Q2 2024
P/E
-1.099
Nov 29, 2024 EST
Free Cash Flow
-$83.77M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $1.608M $0.00 $6.000K $388.0K $681.0K
YoY Change -100.0% -98.45% -43.02%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $1.608M $0.00 $6.000K $388.0K $681.0K
Cost Of Revenue $3.270M $547.0K $995.0K $647.0K $490.0K
Gross Profit -$1.662M -$547.0K -$989.0K -$259.0K $191.0K
Gross Profit Margin -103.36% -16483.33% -66.75% 28.05%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $35.57M $49.20M $262.1M $38.25M $7.178M
YoY Change -27.71% -81.23% 585.18% 432.88%
% of Gross Profit 3758.12%
Research & Development $82.66M $78.23M $252.4M $29.59M $7.038M
YoY Change 5.67% -69.01% 753.1% 320.42%
% of Gross Profit 3684.82%
Depreciation & Amortization $2.255M $1.683M $484.0K $166.0K $82.00K
YoY Change 33.99% 247.73% 191.57% 102.44%
% of Gross Profit 42.93%
Operating Expenses $118.2M $127.4M $514.5M $67.84M $14.22M
YoY Change -7.22% -75.23% 658.42% 377.2%
Operating Profit -$119.9M -$128.0M -$515.5M -$68.10M -$14.03M
YoY Change -6.31% -75.17% 656.99% 385.55%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense $3.803M $4.371M $426.0K $382.0K $1.830M
YoY Change -12.99% 926.06% 11.52% -79.13%
% of Operating Profit
Other Income/Expense, Net $521.0K $4.371M $11.02M $3.000K
YoY Change -88.08% -60.34% 367266.67%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income -$115.6M -$105.7M -$504.0M -$67.71M -$12.20M
YoY Change 9.36% -79.04% 644.39% 455.25%
Income Tax -$1.360M $1.748M $1.281M $0.00 $0.00
% Of Pretax Income
Net Earnings -$114.2M -$107.4M -$505.3M -$67.71M -$12.20M
YoY Change 6.32% -78.74% 646.28% 455.25%
Net Earnings / Revenue -7102.49% -8422166.67% -17451.8% -1790.75%
Basic Earnings Per Share
Diluted Earnings Per Share -$11.32 -$0.37 -$1.591M -$216.1K -$38.92K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $85.63M $153.6M $275.8M $46.37M $27.62M
YoY Change -44.26% -44.29% 494.67% 67.91%
Cash & Equivalents $41.23M $56.76M $275.8M $44.71M $27.62M
Short-Term Investments $44.40M $96.86M $0.00 $1.667M $0.00
Other Short-Term Assets $4.550M $7.472M $6.186M $1.160M $263.0K
YoY Change -39.11% 20.79% 433.28% 341.06%
Inventory $463.0K $0.00 $271.0K $378.0K
Prepaid Expenses
Receivables $455.0K $0.00 $55.00K $35.00K
Other Receivables $2.409M $6.114M $68.00K $121.0K
Total Short-Term Assets $93.50M $165.7M $288.1M $47.93M $28.42M
YoY Change -43.56% -42.49% 501.05% 68.67%
Property, Plant & Equipment $38.52M $43.00M $2.675M $755.0K $283.0K
YoY Change -10.43% 1507.48% 254.3% 166.78%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.008M $3.001M $1.005M $328.0K $0.00
YoY Change 0.23% 198.61% 206.4%
Total Long-Term Assets $44.40M $49.34M $4.864M $1.083M $283.0K
YoY Change -10.02% 914.35% 349.12% 282.69%
Total Assets $137.9M $215.0M $292.9M $49.01M $28.70M
YoY Change
Accounts Payable $3.703M $6.172M $4.538M $970.0K $541.0K
YoY Change -40.0% 36.01% 367.84% 79.3%
Accrued Expenses $8.692M $8.731M
YoY Change -0.45%
Deferred Revenue
YoY Change
Short-Term Debt $15.02M $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $35.18M $20.04M $20.56M $3.230M $1.087M
YoY Change 75.56% -2.52% 536.41% 197.15%
Long-Term Debt $4.806M $0.00 $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $19.84M $19.57M $21.98M $0.00 $0.00
YoY Change 1.4% -10.97%
Total Long-Term Liabilities $24.65M $19.57M $21.98M $0.00 $0.00
YoY Change 25.96% -10.97%
Total Liabilities $59.83M $39.60M $42.53M $3.230M $1.087M
YoY Change 51.06% -6.89% 1216.81% 197.15%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 10.09M shares 293.5M shares 235.6M shares 155.9M shares
Diluted Shares Outstanding 10.09M shares 293.5M shares 235.6M shares 155.9M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $104.78 Million

About REE Automotive Ltd.

REE Automotive Ltd. operates as an automotive technology leader creating the cornerstone for tomorrow's zero-emission vehicles. The company employs 244 full-time employees The company went IPO on 2021-07-23. The company specializes in the field of automotive technology and the production of EV platforms based on REE - REEcorner technology. They are located between the reason and the wheel and use x-by-wire to control full drive-by-wire, brake-by-wire and steer-by-wire.

Industry: Motor Vehicles & Passenger Car Bodies Peers: AMERICAN AXLE & MANUFACTURING HOLDINGS INC Solid Power, Inc. Holley Inc. MODINE MANUFACTURING CO MOTORCAR PARTS OF AMERICA INC PATRICK INDUSTRIES INC SPRUCE POWER HOLDING CORP STONERIDGE INC STANDARD MOTOR PRODUCTS, INC.