Canoo rises after Q2 loss narrows

Canoo

14/08/2024 23:31

** Shares of EV startup Canoo  GOEV.O  rise 4.3% to $1.47 in
extended trading
    ** GOEV posts net loss available to common shareholders of
$6 million vs $70.9 million a year earlier
    ** Reports Q2 revenue of $605,000, Canoo says
    ** "This quarter represented good progress with U.S. and
international customers completing pilots and testing," CEO Tony
Aquila says
    ** Up to last close, stock down ~76% YTD

 (Reporting by Jaspreet Singh in Bengaluru)
 ((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))