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REE Automotive announced 2025 earnings, highlighting $54.7M in cash, $107M potential revenue from agreements, and operating expense reduction from $6M to an estimated $3.1-$3.3M monthly by Q4 2025. GAAP net loss decreased 33% and FCF burn increased 31% compared to 2024. Non-GAAP net loss increased by 8%. They also signed partnership agreements with Mitsubishi Fuso and Cascadia Motion. Further details available on Benzinga.com.
Automotive technology company REE Automotive Ltd. announced financial results for the six months ended June 30, 2025. They emphasized a shift to a technology-first approach with collaborations for faster market delivery. They converted an MOU into a binding agreement with an estimated $107 million revenue potential over a two-year period. They also signed an MOU with Mitsubishi Fuso and Cascadia Motion for future projects. The company indicated a reduction in operating expenses from $6M to an estimated $3.1-$3.3M monthly by Q4 2025, targeting further reduction to $1.8M by Q1 2026. Financially, they had $54.7M cash on June 30, 2025, with $52.5M Free Cash Flow burn for H1 2025 and a GAAP net loss of $24.3M for H1 2025. REE also highlighted the importance of non-GAAP financial measures for evaluating operational performance. They aim to position themselves as innovators in e-mobility with patented technology. The full article can be accessed on Benzinga.com.