Canoo closes in on profitability as cost-cutting efforts continue to pay off

Low Angle Shot of Delivery Person Stacking Boxes on Platform Truck

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Shares of commercial EV manufacturer Canoo (NASDAQ:GOEV) are gaining ground in after-hours trading as Q3 results showed a sizable improvement in the company’s profitability as revenue nearly doubled from a year ago.

“While we focus on our core markets, we must

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