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Archer Aviation | 10-Q: Q2 2024 Earnings Report

Archer Aviation | 10-Q: Q2 2024 Earnings Report

Archer Aviation | 10-Q:2024财年二季报
美股SEC公告 ·  2024/08/10 02:52

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Archer Aviation reported a net loss of $106.9 million for Q2 2024, improving from a $184.1 million loss in Q2 2023. Research and development expenses increased 41.9% to $89.8 million as the company advanced its eVTOL aircraft development, while general and administrative costs decreased 73.4% to $31.4 million.The company maintained a strong liquidity position with $360.4 million in cash and cash equivalents as of June 30, 2024. During Q2, Archer raised $39.4 million through its ATM program and drew down $25.8 million from its credit facility. The company also secured a $55 million investment from Stellantis in July 2024.Archer continues to make progress on its Midnight eVTOL aircraft development and certification program. The company received FAA Special Airworthiness Certificate in August 2023 and began flight testing in October 2023. Management believes current funding is sufficient for at least the next 12 months of operations as they work toward aircraft certification and manufacturing capabilities.
Archer Aviation reported a net loss of $106.9 million for Q2 2024, improving from a $184.1 million loss in Q2 2023. Research and development expenses increased 41.9% to $89.8 million as the company advanced its eVTOL aircraft development, while general and administrative costs decreased 73.4% to $31.4 million.The company maintained a strong liquidity position with $360.4 million in cash and cash equivalents as of June 30, 2024. During Q2, Archer raised $39.4 million through its ATM program and drew down $25.8 million from its credit facility. The company also secured a $55 million investment from Stellantis in July 2024.Archer continues to make progress on its Midnight eVTOL aircraft development and certification program. The company received FAA Special Airworthiness Certificate in August 2023 and began flight testing in October 2023. Management believes current funding is sufficient for at least the next 12 months of operations as they work toward aircraft certification and manufacturing capabilities.
阿彻航空在2024年第二季度报告净亏损为10690万美元,较2023年第二季度的18410万美元亏损有所改善。研发费用增加了41.9%,达到8980万美元,因为公司在推进其eVTOL飞机的开发,而一般和管理费用则减少了73.4%,降至3140万美元。截至2024年6月30日,公司保持了强大的流动性,现金及现金等价物为36040万美元。在第二季度,阿彻通过其ATm计划筹集了3940万美元,并从其信贷设施中提取了2580万美元。公司还在2024年7月获得了来自Stellantis的5500万美元投资。阿彻在其Midnight eVTOL飞机的开发和认证计划上持续取得进展。公司在2023年8月获得了FAA特别适航证,并于2023年10月开始进行飞行测试。管理层认为,目前的资金足以支持至少未来12个月的运营,因为他们在努力实现飞机认证和制造能力。
阿彻航空在2024年第二季度报告净亏损为10690万美元,较2023年第二季度的18410万美元亏损有所改善。研发费用增加了41.9%,达到8980万美元,因为公司在推进其eVTOL飞机的开发,而一般和管理费用则减少了73.4%,降至3140万美元。截至2024年6月30日,公司保持了强大的流动性,现金及现金等价物为36040万美元。在第二季度,阿彻通过其ATm计划筹集了3940万美元,并从其信贷设施中提取了2580万美元。公司还在2024年7月获得了来自Stellantis的5500万美元投资。阿彻在其Midnight eVTOL飞机的开发和认证计划上持续取得进展。公司在2023年8月获得了FAA特别适航证,并于2023年10月开始进行飞行测试。管理层认为,目前的资金足以支持至少未来12个月的运营,因为他们在努力实现飞机认证和制造能力。
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