Canoo Inc. (NASDAQ:GOEV) Q3 2024 Results Conference Call November 13, 2024 5:00 PM ET
Company Participants
Kunal Bhalla - Chief Financial Officer
Tony Aquila - Executive Chairman & Chief Executive Officer
Ramesh Murthy - SVP, Finance & Chief Accounting Officer & Chief Administrative Officer
Conference Call Participants
Amit Dayal - H.C. Wainwright
Jawad Bhuiyan - Stifel
Poe Fratt - Alliance Global Partners
Operator
Greetings. Welcome to the Canoo Q3 2024 Earnings Presentation. At this time all participants are in a listen-only mode. A question-and-answer session will follow formal presentation. Please note this conference is being recorded.
I will now turn the conference over to your host, Kunal Bhalla, Chief Financial Officer. Thank you. You may begin.
Kunal Bhalla
Thank you, everyone, for joining us on our Q3 2024 earnings call. During the call, Tony will update you on our business. I will provide an update on our capital raising efforts. Ramesh will go over the Q3 financial results.
Please be advised that we may make forward-looking statements based on current expectations. These are subject to significant risks and uncertainties and our actual results may differ materially.
For a discussion of factors that could affect our future financial results and business, please refer to the disclosure in today's earnings release, and our most recent Form 10-Q and 10-K and other reports that we may file with the SEC, including Form 8-K. All of our statements are made as of today and are based on information currently available to us. Except as required by law, we assume no obligation to update any such statements.
During the call, we'll discuss non-GAAP financial measures, you can find a reconciliation of these non-GAAP financial measures to GAAP financial measures in today's earnings release, which can be found on the IR section of our website.
With that, I'll hand it over to Tony.
Tony Aquila
Thanks, Kunal. The automotive industry is facing challenges that are not only inflation, interest rates, supply chain disruptions but also in the center of political debate as it relates to rare earth materials and the transition to EVs, which means there is volatility until America becomes fully independent.
With that backdrop, we have also struggled to navigate the capital markets to align with our step level manufacturing plan. While we sharpen our focus on our core customers and markets, we must continue to flatten the organization and take aggressive actions to be more cost disciplined as we realign our North American operations, which we should have done earlier in 2024.