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REE Automotive Ltd
Previous close
$0.93
Day range
$0.81 - $0.97
Year range
$0.81 - $11.72
Market cap
25.78M USD
Avg Volume
353.31K
P/E ratio
-
Dividend yield
-
Primary exchange
NASDAQ
In the news
Financials
Income Statement
Revenue
Net income
(USD) | Dec 2024info | Y/Y change |
---|---|---|
Revenue | 12.00K | -97.36% |
Operating expense | 19.93M | -45.71% |
Net income | -37.30M | -5.86% |
Net profit margin | -310.80K | -3,913.68% |
Earnings per share | -0.80 | 74.60% |
EBITDA | -21.00M | 42.43% |
Effective tax rate | -2.14% | — |
Balance Sheet
Total assets
Total liabilities
(USD) | Dec 2024info | Y/Y change |
---|---|---|
Cash and short-term investments | 72.26M | -15.61% |
Total assets | 130.28M | -5.53% |
Total liabilities | 107.15M | 79.11% |
Total equity | 23.13M | — |
Shares outstanding | 19.48M | — |
Price to book | 0.78 | — |
Return on assets | -39.74% | — |
Return on capital | -62.78% | — |
Cash Flow
Net change in cash
(USD) | Dec 2024info | Y/Y change |
---|---|---|
Net income | -37.30M | -5.86% |
Cash from operations | -14.48M | 37.29% |
Cash from investing | -4.71M | -174.52% |
Cash from financing | 2.66M | -88.54% |
Net change in cash | -16.52M | -355.21% |
Free cash flow | -21.89M | -89.33% |
About
REE Automotive, Ltd. is an automotive software developer. The company previously developed an electric vehicle platform featuring independent interchangeable corner modules, dubbed REECorners. The corner modules are positioned directly adjacent to each wheel, and they encapsulate all of the vehicle's drive systems such as the motor, inverter, steering, brakes, and suspension. They are controlled electronically, by-wire, allowing for a completely flat platform chassis onto which custom chassis bodies can be attached.
The company operates an automotive software research and development center in Israel, and an engineering and manufacturing center in the United Kingdom. Final vehicle assembly, sales, and customer service operations were based in the United States before the company pivoted to software development exclusively. REE Automotive planned in 2024 to sell truck fleets to rental companies such as Penske and U-Haul, provide its corner modules to truck manufacturers such as Hino, and sell trucks to various fleet operators through its distributor network. Wikipedia
CEO
Founded
Jan 16, 2011
Website
Employees
244