v3.24.2.u1
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Revenue $ 605 $ 0 $ 605 $ 0
Cost of revenue 1,845 0 1,845 0
Gross margin (1,240) 0 (1,240) 0
Operating Expenses        
Research and development expenses, excluding depreciation 16,784 38,582 43,174 85,686
Selling, general and administrative expenses, excluding depreciation 21,804 30,421 54,672 60,270
Depreciation 3,364 4,562 6,753 9,137
Total operating expenses 41,952 73,565 104,599 155,093
Loss from operations (43,192) (73,565) (105,839) (155,093)
Other (expense) income        
Interest expense (1,551) (2,264) (7,174) (2,560)
Gain on fair value change in contingent earnout shares liability 15 59 41 2,564
Gain on fair value change in warrant and derivative liability 48,308 5,623 38,836 22,965
Loss on fair value change in convertible debt and other (8,532) 0 (67,116) 0
Gain (Loss) on extinguishment of debt and other (4) (949) 24,462 (27,688)
Other income (expense), net (4) 226 1,143 (1,790)
Loss before income taxes (4,960) (70,870) (115,647) (161,602)
Provision for income taxes 0 0 0 0
Net loss and comprehensive loss attributable to Canoo (4,960) (70,870) (115,647) (161,602)
Net loss and comprehensive loss attributable to Canoo (4,960) (70,870) (115,647) (161,602)
Less: dividend on redeemable preferred stock 1,077 0 1,939 0
Less: additional deemed dividend on redeemable preferred stock 0 0 0 0
Net loss and comprehensive loss available to common shareholders $ (6,037) $ (70,870) $ (117,586) $ (161,602)
Per Share Data:        
Net loss per share, basic (in dollars per share) [1] $ (0.09) $ (3.22) $ (1.95) $ (8.04)
Net loss per share, diluted (in dollars per share) [1] $ (0.09) $ (3.22) $ (1.95) $ (8.04)
Weighted-average shares outstanding, basic (in shares) [1] 69,619 21,982 60,199 20,100
Weighted-average shares outstanding, diluted (in shares) [1] 69,619 21,982 60,199 20,100
[1] Periods presented have been adjusted to reflect the 1-for-23 reverse stock split on March 8, 2024. See Note 1- Organization and Basis of Presentation - Reverse Stock Split, for additional information.

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