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Canoo Reports Q2 Results: Reduced Expenses, Lower Cash Outflow
Canoo Inc. (NASDAQ:GOEV) shares are trading higher after the company reported its second-quarter financial results Wednesday. Here's a look at the details from the report.
The Details: Canoo reported quarterly revenue of $605,000 and losses of 61 cents per share, up from losses of $3.14 per share in the prior year’s quarter. The company highlighted a 33% reduction in Operating Expenses ...