Why Is Penny Stock Canoo Falling On Thursday?
Why Is Penny Stock Canoo Falling On Thursday?
Canoo is currently in advanced discussions with multiple capital sources but acknowledges the tough decision to furlough staff, particularly during the holiday season. The company expressed hope of bringing employees back once its financial situation stabilizes.Canoo Inc. (NASDAQ:GOEV) shares are trading lower in the premarket session on Thursday.
Canoo Inc.（納斯達克：GOEV）股票在星期四的盤前交易中下跌。
The company is grappling with major financial challenges, leading to the furlough of 82 employees and the temporary shutdown of its factories in Oklahoma.
該公司正面臨重大財務挑戰，導致82名員工被迫休假，且在俄克拉荷馬州的工廠暫時關閉。
The move comes as the electric vehicle manufacturer works to secure the necessary capital to continue its operations.
這一舉措是在這家電動汽車製造商努力確保必要資金以繼續運營時採取的。
Canoo is currently in advanced discussions with multiple capital sources but acknowledges the tough decision to furlough staff, particularly during the holiday season. The company expressed hope of bringing employees back once its financial situation stabilizes.
Canoo目前正在與多個資本來源進行深入討論，但承認在假期期間休員工的艱難決定。公司表示希望在財務狀況穩定後能重新聘用員工。
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Canoo said, "We regret having to furlough our employees, especially during the holidays, but we have no choice at this point. We are hopeful that we will be able to bring them back to work soon."
Canoo表示，"我們遺憾不得不在假期期間讓員工休假，但在此時我們別無選擇。我們希望不久將能讓他們回去工作。"
In its third quarter reported in November, the company revealed a quarterly cash outflow of $31.3 million, down 20.7% from the second quarter and down 58.6% on a year-over-year basis.
在11月的第三季度報告中，該公司披露季度現金流出爲3130萬美元，較第二季度下降20.7%，同比下降58.6%。
As of the end of the third quarter, the company had $16 million in cash, cash equivalents, and restricted cash. Canoo is focused on consolidating operations and reducing costs, which includes a shift in its manufacturing footprint from California to Texas and Oklahoma, the company said in a release dated November 14.
截至第三季度末，該公司擁有1600萬美元的現金、現金等價物和受限現金。Canoo專注於整合運營和降低成本，這包括將其製造足跡從加利福尼亞州轉移到德克薩斯州和俄克拉荷馬州，公司的聲明日期爲11月14日。
This restructuring is expected to save the company $12 million to $14 million annually.
此項重組預計將爲公司每年節省1200萬到1400萬美元。
"This will continue to be a difficult and critical period as we do everything we can to get the capital in place, bring jobs back online, and get back on track with our step-level manufacturing plan," said Tony Aquila, Investor, Executive Chairman, and CEO in November.
「在我們竭盡所能確保資本到位、恢復工作崗位並重新落實我們的分步製造計劃之際，這將繼續是一個困難和關鍵的時期，」投資者、執行董事長兼首席執行官Tony Aquila在11月表示。
Price Action: GOEV shares are trading lower by 6.59% to $0.1177 premarket at last check Thursday.
價格動態：GOEV的股票在週四盤前交易下跌6.59%，至$0.1177。
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譯文內容由第三人軟體翻譯。
