See more : Tri-Continental Corporation (TY) Income Statement Analysis – Financial Results
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 |
M&G INVESTMENT MANAGEMENT LTD Bolsters Stake in REE Automotive Ltd
On September 19, 2024, M&G INVESTMENT MANAGEMENT LTD, a prominent investment firm, executed a significant transaction by acquiring an additional 2,163,837 shares of REE Automotive Ltd (REE, Financial). This move increased the firm's total holdings in REE to 3,910,851 shares,...
Here's Why REE Automotive Ltd. (REE) is a Great Momentum Stock to Buy
Does REE Automotive Ltd. (REE) have what it takes to be a top stock pick for momentum investors?
Wall Street Analysts See a 54.05% Upside in REE Automotive (REE): Can the Stock Really Move This High?
The mean of analysts' price targets for REE Automotive (REE) points to a 54.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside...
REE Automotive CEO on Earnings Beat, Outlook for E.V. Industry
Daniel Barel, CEO of REE Automotive (REE), talks about how the company "came off its best quarter ever." He talks about the ways REE is expanding its presence in the EV industry, and what still needs to be done to...
REE Automotive Ltd. (REE) Q2 2024 Earnings Call Transcript
REE Automotive Ltd. (NASDAQ:REE ) Q2 2024 Post Earnings Conference Call September 26, 2024 5:00 PM ET Company Participants Keren Shemesh - Chief Marketing Officer Daniel Barel - CEO Josh Tech - Chief Operations Officer Aviral Khandelwal - Head of...
REE Automotive Provides Corporate and Business Updates and Reports Second Quarter 2024 Financial Results
Completed $45.35 million Registered Direct offering led by M&G and Motherson securing production capital needs Signed strategic agreement with Motherson, a global automotive supplier, to strengthen REE's supply chain management and cost structure, improve working capital efficiencies and expand outreach...
REE Appoints Roush as the US Contract Manufacturer for P7
REE chooses Roush to assemble its P7 vehicles at Roush's Detroit-area facility to optimize production and speed up time to market.
REE Automotive Kick-Off U.S. Production With Roush Industries as Contract Manufacturer
TEL AVIV, Israel, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Marking a significant milestone on its path to electrifying fleet vehicles across North America, REE Automotive Ltd. (Nasdaq: REE), an automotive technology company and provider of full by-wire electric trucks and...
Strength Seen in REE Automotive (REE): Can Its 11.0% Jump Turn into More Strength?
REE Automotive (REE) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Rainbow Rare Earths pilot confirms innovative REE recovery in South Africa
Rainbow Rare Earths Ltd (LSE:RBW, OTC:RBWRF) told investors that its ‘pilot' at the Phalaborwa project, in South Africa, has confirmed its innovative process for recovering rare earth elements (REE) from phosphogypsum. The company, in a statement, said the breakthrough paves...
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