REE Automotive Ltd. (REE) posted a third quarter net loss of $38.5 million comparedto a loss of $24.1 million, a year ago. Net loss per share was $2.56 comapred to a loss of $2.39. Non-GAAP net loss was $16.82 million compared to a loss of $20.12 million, last year. Non-GAAP net loss per share was $1.12 compared to a loss of $1.99. Revenues were $11 thousand comapred to $210 thousand, last year.
"Reservations more than doubled QoQ to $137 million and we continue to see strong and growing demand for REE's technology and products. We are observing robust interest across the value chain, from fleet owners to vehicle OEMS. On the fleet side, we are seeing fleets reserving priority production for P7 electric trucks over several years," said Daniel Barel, co-founder and CEO of REE.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.