See more : Spring Valley Acquisition Corp. (SV) 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 |
REE Automotive to Report First Quarter 2024 Financial Results on May 30, 2024
TEL AVIV, Israel, May 17, 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 it will report its first quarter 2024...
REE Automotive's P7-C Electric Trucks and Platforms Approved for $30,000 Incentive Per Vehicle in Massachusetts
REE's class 4 software-driven commercial EV was approved for the Massachusetts MOR-EV truck incentive which, when combined with the federal credit, could total up to $70,000 in cost savings per vehicle
FARUK KIRUNDA: Busoga’s REEs to kick poverty out of the sub-region
Busoga sub-region is at the verge of achieving rapid socioeconomic transformation following the discovery of Rare Earth Elements (REE) on an unprecedented scale. The discovery has caused excitement and raised the spirits of everyone here. This could be the time...
All You Need to Know About REE Automotive (REE) Rating Upgrade to Buy
REE Automotive (REE) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
REE Automotive Ltd (REE) Q4 2023 Earnings Call Transcript
REE Automotive Ltd (REE) Q4 2023 Earnings Call Transcript
REE Automotive Reports Fourth Quarter and Fiscal Year 2023 Financial Results
REE has accomplished the majority of its milestones as the first to commercialize full x-by-wire technology, setting the path for sustainable growth REE has accomplished the majority of its milestones as the first to commercialize full x-by-wire technology, setting the...
Demand for REE Automotive Full By-Wire EVs Continues to Grow as Orderbook Value Surpasses $50 Million
- REE's authorized dealer network grows to 66 sales and service locations across the U.S. and Canada through 20 authorized dealers - New dealers include Macnab EV Sales Corp., Pacific Mobility Group and Kaizen Automotive Group - REE expands partnerships...
REE Automotive P7-C Receives CARB Certifications
• Powered by REE P7-C electric truck is eligible for sale in California • Certifications makes P7-C eligible for over $100,000 in state and federal incentives • Deliveries have commenced to REE's Authorized Dealer Network and vehicle demonstrations will continue...
REE Automotive Announces Date for Fourth Quarter and Fiscal Year 2023 Earnings Release and Conference Call
TEL AVIV, Isreal, March 22, 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, will release its fourth quarter and fiscal year 2023...
REE Announces Closing of Public Offering of Ordinary Shares
- Raised $14.95 million in ordinary shares issued with minimal discount - Overallotment fully exercised - Multiple investors participated in the round, led by M&G, REE's largest investor TEL AVIV, Israel, March 06, 2024 (GLOBE NEWSWIRE) -- REE Automotive Ltd....
Source: https://incomestatements.info
Category: Stock Reports