This quarter represented good progress with US and international customers completing pilots and testing. We are focused on left-hand drive and right-hand drive large fleet customers and finalizing their configurations.
This demonstrates our platform's versatility and stability, a result of more than 34,000 recent real-world, industrial use customer miles, said Canon's Executive Chairman and CEO Tony Aquila.
Canoo reaffirmed its prior cash flow guidance and expects its Adjusted EBITDA to be between $120 million and $140 million for the second half of 2024.
One of Canoo's most significant accomplishments in the second quarter was completing an initial milestone for a contract with a division of the United States Department of Defense.
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