Company: REE
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025661
Chunk: 211

Company: REE Automotive Ltd.
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 211
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812)                                                        3,928                     4,371  
  Net loss before income tax                                                                                                               ( 109,691)                    ( 115,568)                ( 105,672)  
  Taxes on income (tax benefit)                                                                                                                 2,063      ( 1,360)                                     1,748  
  Net loss                                                                                                    $                            ( 111,754)      $             ( 114,208)      $         ( 107,420)  

(1) Primarily includes R& D tax credit income in fiscal year 2024 and certain one-time expense to a vendor in fiscal year 2023.

(2) Primarily includes one-time professional fees expenses in fiscal year 2023.

F-40

Table of Contents

REE AUTOMOTIVE LTD. AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER 31, 2024

U. S. dollars in thousands (except share and per share data)

NOTE 18. REPORTING SEGMENT AND GEOGRAPHIC INFORMATION(cont.)

Entity wide disclosures

The Company attributes revenues from external customers to individual countries based on the customer’s billing address.

Net sales attributed to countries that represent a significant portion of consolidated net sales are as follows:

                     Year ended December 31,                                          
                     2024                                  2023                 2022  
  France             $                             11      $         1,398      $     
 ──────────────────────────────────────────────────────────────────────────────────────
  United States      172                                   210                  —     
  Total              $                            183      $         1,608      $     

Long-lived assets other than financial instruments attributed to countries that represent a significant portion of consolidated assets are as follows:

                      December 31, 2024      December 31, 2023  
 ────────────────────────────────────────────────────────────────
  Israel                             14                     20  
  United Kingdom                     64                     62  
  United States                      22                     18  

NOTE 19. RELATED PARTY TRANSACTIONS

Agreements with Directors and Officers

The Company has entered into the following agreements, which were approved by REE’s board of directors in accordance with Israeli law, and also by REE’s shareholders to the extent required by Israeli law.

Joint Ownership Agreement for Company Vehicle. During 2021, REE entered into an agreement with co-founder, director,