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REE Automotive Non-GAAP EPS of -$0.07 beats by $0.04; reaffirms FY22 guidance

Aug. 16, 2022 7:19 AM ETREE Automotive Ltd. (REE) Stock, REEAW StockBy: Meghavi Singh, SA News Editor
  • REE Automotive press release (NASDAQ:REE): Q2 Non-GAAP EPS of -$0.07 beats by $0.04.
  • As of June 30, 2022, the company had $206.8M of liquidity, comprised of cash and short term investments, and no debt. 
  • The company reiterates its 2022 full-year year guidance for non-GAAP operating expenses of between $100 and $120 million and expenses and investments related to the establishment of the Company’s initial production capacity of approximately $30 million.

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