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REE Automotive (REE)
NASDAQ:REE
Holding REE?
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-1.04Last Year’s EPS
-3.44Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 16, 2021
|% Change Since: -19.85%
|Next Earnings Date:Aug 17, 2021
Earnings Call Sentiment|Positive
The earnings call for Q3 2024 highlighted significant achievements, including a substantial increase in reservation value and the commencement of P7 truck production. The company's improved liquidity and strong partnership with Motherson are positive developments. However, there were notable challenges, such as an increase in both GAAP and non-GAAP net losses. Overall, the sentiment is positive given the company's progress and strategic advancements.Company Guidance
During the REE Automotive Q3 2024 earnings call, the company provided optimistic guidance, highlighting several key metrics. REE reported a significant increase in reservation value, doubling from $60 million to $137 million in one quarter, representing over 900 P7 EVs from 30 different customers across North America. The company also improved its liquidity by 47% quarter-over-quarter, reaching $88.8 million. Production of the P7 trucks has commenced with plans to deliver the first units in North America by the first half of 2025. REE's strategic partnerships, particularly with Motherson, are expected to optimize supply chain management and improve material margins. The company aims to reach bill of material (BOM) breakeven in the second half of 2025 with the production of a few hundred vehicles. Additionally, REE secured $33 million in credit facilities to support its production ramp, and its strong balance sheet is backed by top-tier commercial banks.Significant Increase in Reservation Value
The reservation value more than doubled from $60 million to almost $140 million in one quarter, indicating strong demand for REE's products.
Production of P7 Trucks Commenced
Production of the P7 trucks has started, with plans to deliver to North American customers in the first half of 2025.
Improved Liquidity
Liquidity improved by 47% quarter-over-quarter, reaching $88.8 million at the end of Q3, supported by credit facilities and investments.
Strong Partnership with Motherson
The partnership with Motherson is progressing smoothly, supporting production supply chain management and improving supplier payment terms.
Growing Interest in Software-Defined Vehicle Technology
There is increasing interest from OEMs in REE's software-defined vehicle technology, with discussions progressing faster than anticipated.
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REE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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REE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 17, 2024 | $10.98 | $9.49 | -13.57% |
| Sep 26, 2024 | $6.20 | $6.38 | +2.90% |
| May 30, 2024 | $4.70 | $4.39 | -6.60% |
| Mar 27, 2024 | $6.28 | $5.84 | -7.01% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does REE Automotive (REE) report earnings?
REE Automotive (REE) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is REE Automotive (REE) earnings time?
REE Automotive (REE) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is REE EPS forecast?
REE EPS forecast for the fiscal quarter 2024 (Q4) is -1.04.
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