Earnings Call Summary | REE Automotive(REE.US) Q3 2024 Earnings Conference
Earnings Call Summary | REE Automotive(REE.US) Q3 2024 Earnings Conference
Q3 2024 GAAP net loss was $38.5 million, a decrease from previous quarters, with net loss narrowing by $2.4 million when excluding non-cash remeasurement of warrants and the UK R&D tax credit.The following is a summary of the REE Automotive Ltd. (REE) Q3 2024 Earnings Call Transcript:
以下是REE Automotive Ltd.（REE）2024年第三季度業績會的摘要：
Financial Performance:
財務表現：
REE Automotive reported a significant increase in reservation value from $60 million to almost $140 million in one quarter.
The company's liquidity improved by 47% Q-over-Q, totaling $88.8 million at the end of Q3 2024.
Q3 2024 GAAP net loss was $38.5 million, a decrease from previous quarters, with net loss narrowing by $2.4 million when excluding non-cash remeasurement of warrants and the UK R&D tax credit.
REE Automotive在一個季度內的預訂價值從6000萬美元顯著增加到接近14000萬美元。
截至2024年第三季度，該公司的流動性提高了47%，總計達8880萬美元。
2024年第三季度公認會計原則（GAAP）淨虧損爲3850萬美元，比前幾個季度有所減少，淨虧損在排除非現金的認購權重估值和英國研發稅收抵免後收窄了240萬美元。
Business Progress:
業務進展：
REE Automotive began production of their flagship P7 truck, marking a strategic milestone.
The company is set to start delivering these trucks to North American customers in the first half of 2025.
REE Automotive reiterated their target to reach bill-of-materials breakeven in the second half of 2025, an ambition supported by increased operational efficiencies and production scale.
REE Automotive開始生產他們的旗艦P7卡車，標誌着一個戰略里程碑。
公司計劃在2025年上半年開始向北美客戶交付這些卡車。
REE汽車重申了其目標，即到2025年下半年實現材料成本盈虧平衡，這一目標得益於提高的運營效率和生產規模。
Opportunities:
機會：
REE Automotive is capturing interest from OEMs for their software-defined vehicle and X by-wire technology, projecting significant growth in software-related revenue.
The company is positioned advantageously in the autonomous driving sector, with collaborations and technology that addresses a critical market need due to a shortage of drivers.
REE汽車正吸引OEM對其軟件定義車輛和通過線技術的興趣，預計軟件相關的營業收入將顯著增長。
該公司在自動駕駛板塊中處於有利地位，通過合作和科技解決關鍵市場需求，因爲司機短缺。
Risks:
風險：
The company faces intense competition from legacy auto manufacturers and new Chinese OEMs in the EV space.
該公司面臨來自傳統汽車製造商和新的中國OEM在電動汽車領域的激烈競爭。
More details: REE Automotive IR
更多細節：REE汽車投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更全面的細節，請參閱IR網站。 文章僅供投資者參考，不構成任何指導或推薦建議。
譯文內容由第三人軟體翻譯。
