Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) per Share (Tables)

v3.24.3
Net Income (Loss) per Share (Tables)
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The table below presents a reconciliation of the basic and diluted net loss per share that were computed for the following periods:    
Three months ended
September 30,
Nine months ended September 30,
2024 2023 2024 2023
Numerator:
Net Income (loss) attributable to Canoo $ 3,258  $ (111,974) $ (112,389) $ (273,576)
Less: dividend on redeemable preferred stock 1,235  —  3,174  — 
Net income (loss) available to common shareholders - Basic 2,023  (111,974) (115,563) (273,576)
Net loss assuming share settlement of instruments (30,689) —  —  — 
Net loss available to common shareholders - diluted
 $ (28,666) $ —  $ —  $ — 
Denominator:
Weighted-average common shares outstanding:
Basic 79,395  27,012  66,645  22,430 
Assumed settlement of instruments into common shares 13,609  —  —  — 
Diluted 93,004  27,012  66,645  22,430 
Net income (loss) per common share:
Basic EPS $ 0.03  $ (4.15) $ (1.73) $ (12.20)
Diluted EPS $ (0.31) $ (4.15) $ (1.73) $ (12.20)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following table presents the outstanding potentially dilutive shares that have been excluded from the computation of diluted net loss per share, because including them would have an anti-dilutive effect (in thousands):
Three months ended
September 30,
Nine months ended September 30,
2024 2023 2024 2023
Convertible debt (Note 10) 14,620 475 22,229 475
Restricted and performance stock units 4,995 1,616 4,995 1,616
Warrants to purchase common stock (Note 16) 18,975 — 40,275 —
Early exercise of unvested stock options — 3 — 3
Options to purchase common stock 3 5 3 5
Preferred Stock 12,237 — 12,237 —