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[i]In a filing with the Securities and Exchange Commission May 10, Canoo Technologies issued what is known as a "going concern" warning because of continued losses. The company reported a net loss of $125.4 million in the first quarter and had $104.9 million of cash available at the end of the quarter.
"We believe substantial doubt exists about the Company's ability to continue as a going concern for twelve months from the date of issuance of our financial statements," Canoo stated in the filing.[/i]
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