ValueQ4, 24TTMSelling/general/admin expenses——Research & development——Operating income——Non-Operating Income, Total——Interest expense, net of interest capitalized——Non-Operating Income, excl. Interest Expenses——Unusual income/expense——Pretax income116.86 M848.98 MEquity in earnings——Taxes——Non-controlling/minority interest——After tax other income/expense——Net income before discontinued operations116.86 M848.98 MDiscontinued operations——Net income116.86 M848.98 MDilution adjustment——Preferred dividends——Diluted net income available to common stockholders116.86 M848.98 MBasic earnings per share (Basic EPS)——Diluted earnings per share (Diluted EPS)7.3394.47Average basic shares outstanding15.93 M43.66 MDiluted shares outstanding15.93 M43.66 MEBITDA——EBIT——Cost of revenue——Other cost of goods sold——Depreciation & amortization (cash flow)——
REE Automotive Ltd - Class A
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.