
Plug Power Inc. reported a revenue of $173.7 million for the third quarter of 2024, highlighting a significant increase in electrolyzer deployments and expansion of its hydrogen network. However, the company experienced an earnings-per-share loss of $0.25. Meanwhile, EVgo Inc. saw its stock jump over 21% following a strong Q3 earnings report, which revealed a revenue of $67.54 million, a 92% year-over-year increase, and an EPS loss of $0.11 that was in line with expectations. The company also added 147,000 new customers, bringing its total customer base to 1.2 million. In contrast, Canoo Inc., trading under the ticker $GOEV, reported a quarterly revenue of $0.9 million, which fell short of the expected $2.11 million. The companyโs adjusted net loss per share was $0.54, an improvement from a loss of $1.71 in the same quarter last year, despite a cash outflow of $31.3 million.
$GOEV | Post Market: +10% | ๐๐๐ง๐จ๐จ ๐๐ ๐๐๐ซ๐ง๐ข๐ง๐ ๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ: Revenue: $0.9M ๐ EPS: $(0.54) ๐ Improved 67% YOY! Cost cuts & operational moves boost outlook! ๐ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ: โก๏ธ Quarterly revenue of ๐๐๐ $๐.๐๐, up from $๐.๐๐๐ inโฆ https://t.co/JAUdSqY2xG
Canoo Inc, listed on NASDAQ as $GOEV, reported Q3 earnings with revenue of $891K, falling short of expected $2.11M. The company also reported an EPS loss of 54 cents, beating the expected 77 cents, with a cash outflow of $31.3M.
$GOEV Earnings: - Quarterly revenue of $0.9 million, and year-to-date revenue of $1.50 million - Quarterly Adjusted EBITDA was $(37.7) million, an improvement of 2% versus Q3 2023 - Adjusted Net Loss Per Share was $(0.54), a 67% improvement versus $(1.71) in Q3 2023 andโฆ https://t.co/6wSR9lNnuo


