REE Automotive Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 0.21 million. Net loss was USD 24.14 million compared to USD 33.45 million a year ago. Basic loss per share from continuing operations was USD 2.39 compared to USD 3.41 a year ago.
For the nine months, sales was USD 1.15 million. Net loss was USD 78.98 million compared to USD 80.16 million a year ago. Basic loss per share from continuing operations was USD 7.87 compared to USD 8.23 a year ago.