BENTONVILLE, Ark. — Electric vehicle maker Canoo Inc. (Nasdaq: GOEV) finished off the first three months of 2023 with $6.7 million of cash on hand and another consecutive quarterly loss, with first-quarter balance sheets in the red by $90.7 million, the company announced Monday.
The company, which is moving its headquarters to Bentonville, narrowed its loss from $125.4 million in the same period a year ago.
At least $1.4 billion has been invested into Canoo, executives said during an earnings call.
To read more on Canoo, our content partner Arkansas Business has the full article here.
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