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Complete financial analysis of REE Automotive Ltd. (REE) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of REE Automotive Ltd., a leading company in the Auto – Recreational Vehicles industry within the Consumer Cyclical sector.
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REE Automotive Ltd. (REE)
About REE Automotive Ltd.
REE Automotive Ltd. operates in the e-mobility business. The company develops REEcorner technology, which integrates vehicle drive components, including steering, braking, suspension, powertrain, and control into the arch of the wheel. The company also develops REEboard, a flat and modular EV chassis. The company is headquartered in Herzliya, Israel.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 1.61M | 0.00 | 6.00K | 388.00K | 681.00K |
| Cost of Revenue | 9.07M | 547.00K | 995.00K | 647.00K | 490.00K |
| Gross Profit | -7.46M | -547.00K | -989.00K | -259.00K | 191.00K |
| Gross Profit Ratio | -464.12% | 0.00% | -16,483.33% | -66.75% | 28.05% |
| Research & Development | 82.66M | 78.23M | 252.42M | 29.59M | 7.04M |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 29.77M | 49.20M | 262.08M | 38.25M | 7.18M |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 112.43M | 127.43M | 514.51M | 67.84M | 14.22M |
| Cost & Expenses | 121.50M | 127.97M | 515.50M | 68.49M | 14.71M |
| Interest Income | 4.35M | 2.79M | 423.00K | 409.00K | 1.83M |
| Interest Expense | 0.00 | -41.82M | 3.00K | -3.00K | 0.00 |
| Depreciation & Amortization | 5.80M | 4.91M | 484.00K | 166.00K | 82.00K |
| EBITDA | -114.09M | -100.76M | -503.57M | -67.93M | -13.94M |
| EBITDA Ratio | -7,095.21% | 0.00% | -8,767,266.67% | -17,501.29% | -2,047.43% |
| Operating Income | -119.89M | -127.97M | -515.50M | -68.10M | -14.03M |
| Operating Income Ratio | -7,455.97% | 0.00% | -8,591,600.00% | -17,551.03% | -2,059.47% |
| Total Other Income/Expenses | 4.32M | 22.30M | 11.45M | 385.00K | 1.83M |
| Income Before Tax | -115.57M | -105.67M | -504.05M | -67.71M | -12.20M |
| Income Before Tax Ratio | -7,187.06% | 0.00% | -8,400,816.67% | -17,451.80% | -1,790.75% |
| Income Tax Expense | -1.36M | 1.75M | 1.28M | -385.00K | -1.83M |
| Net Income | -114.21M | -107.42M | -505.33M | -67.33M | -10.37M |
| Net Income Ratio | -7,102.49% | 0.00% | -8,422,166.67% | -17,352.58% | -1,522.03% |
| EPS | -11.32 | -10.98 | -64.34 | -80.29 | -1.35 |
| EPS Diluted | -11.32 | -10.98 | -64.34 | -80.29 | -1.35 |
| Weighted Avg Shares Out | 10.09M | 9.78M | 7.85M | 838.54K | 7.66M |
| Weighted Avg Shares Out (Dil) | 10.09M | 9.78M | 7.85M | 838.54K | 7.66M |
REE Automotive to Report Third Quarter 2024 Financial Results on December 17, 2024
TEL AVIV, Israel, Nov. 18, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced it will report its third quarter 2024 financial results before the...
REE Automotive Strengthens Executive Leadership Team and Board of Directors with Two Key Appointments
TEL AVIV, Israel, Nov. 14, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd. (Nasdaq: REE) (“REE” or the “Company”), an automotive technology company and provider of full by-wire electric trucks and platforms, today announced the appointment of Rajesh Goel, president at...
Idaho Strategic Provides Rare Earth Elements Update and Plans for the 2025 REE Field Season Focused on Lemhi Pass
Recent Study Indicates Favorable Rare Earth Elements Mix at Lemhi Pass - Abundant Concentrations of Magnet and Heavy REEs Relative to Many Current and Proposed REE Mines Globally COEUR D'ALENE, ID / ACCESSWIRE / November 13, 2024 / Idaho Strategic...
Is REE Automotive (REE) Outperforming Other Auto-Tires-Trucks Stocks This Year?
Here is how REE Automotive Ltd. (REE) and Strattec Security (STRT) have performed compared to their sector so far this year.
REE Automotive to Present at Two Prestigious Events in Detroit and Los Angeles
- CEO and Co-Founder Daniel Barel will speak on two panels at Reuters Automotive USA in Detroit October 21-23 alongside C-suite representatives from auto-heavyweights - Chief Operations Officer Josh Tech will present at the LD Micro Main Event in Los...
REE Automotive Ltd. (REE)'s Technical Outlook is Bright After Key Golden Cross
REE Automotive Ltd. (REE) is looking like an interesting pick from a technical perspective, as the company reached a key level of support.
Wall Street Analysts Think REE Automotive (REE) Could Surge 46.84%: Read This Before Placing a Bet
The average of price targets set by Wall Street analysts indicates a potential upside of 46.8% in REE Automotive (REE). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into...
New Strong Buy Stocks for October 16th
CLPR, REE, HMY, AVIR and WPRT have been added to the Zacks Rank #1 (Strong Buy) List on October 16, 2024.
Best Momentum Stocks to Buy for October 16th
REE, UNTY and FCCO made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on October 16, 2024.
Has REE Automotive (REE) Outpaced Other Auto-Tires-Trucks Stocks This Year?
Here is how REE Automotive Ltd. (REE) and Strattec Security (STRT) have performed compared to their sector so far this year.
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Category: Stock Reports