REE Automotive Q1 2024 Earnings Report

REE Automotive EPS Results

• Actual EPS: -$1.96
• Consensus EPS: -$1.81
• Beat/Miss: Missed by -$0.15
• One Year Ago EPS: N/A

REE Automotive Revenue Results

• Actual Revenue: $0.16 million
• Expected Revenue: $0.40 million
• Beat/Miss: Missed by -$240.00 thousand
• YoY Revenue Growth: N/A

REE Automotive Announcement Details

• Quarter: Q1 2024
• Date: 5/30/2024
• Time: N/A

REE Automotive (NASDAQ:REE) operates as an automotive technology company in France, the United Kingdom, the United States, and internationally. The company offers REEcorner, a compact module that integrates critical vehicle drive components comprising as steering, braking, suspension, powertrain, and control between the chassis and the wheel; and REEplatform that allows for the addition of a modular and customizable top hat/cabin design based on customer specifications, without requiring modification to the platform. It also provides P7-S Strip Chassis for commercial delivery vehicles and walk-in vans; P7-C Chassis Cab and Cutway Chassis, a class 4 chassis cab fully electric commercial truck for delivery and a range of vocational applications; and P7-B Box Truck, a class 3 box truck built on a P7 cab chassis with its all-wheel drive and all-wheel steer for vehicle control for better handling and safety in adverse conditions. It serves original equipment manufacturer, delivery and logistic fleets, dealers, e-commerce retailers, new mobility players, mobility-as-a-service providers, and autonomous drive companies. The company is headquartered in Herzliya, Israel.