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Archer Aviation | 10-Q: Q3 2024 Earnings Report

Archer Aviation | 10-Q: Q3 2024 Earnings Report

Archer Aviation | 10-Q:2024財年三季報
美股SEC公告 ·  2024/11/09 01:51

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Archer Aviation reported a Q3 2024 net loss of $115.3 million, compared to a $51.6 million loss in Q3 2023, as research and development expenses increased 32.4% to $89.8 million. Revenue remained at zero as the company continues developing its electric vertical takeoff and landing (eVTOL) aircraft.The company's cash position strengthened to $501.7 million as of September 30, 2024, bolstered by several financing activities including a $158 million PIPE financing and a $65 million credit facility with Synovus Bank. Operating expenses rose to $122.1 million from $46.2 million year-over-year, primarily due to increased R&D investments and personnel costs.Looking ahead, Archer continues to advance its Midnight aircraft program, having received FAA Special Airworthiness Certificate and begun flight testing in October 2023. The company maintains strategic partnerships with United Airlines for potential aircraft orders and Stellantis for manufacturing collaboration, while expanding its operational capabilities through facility construction in Covington, Georgia.
Archer Aviation reported a Q3 2024 net loss of $115.3 million, compared to a $51.6 million loss in Q3 2023, as research and development expenses increased 32.4% to $89.8 million. Revenue remained at zero as the company continues developing its electric vertical takeoff and landing (eVTOL) aircraft.The company's cash position strengthened to $501.7 million as of September 30, 2024, bolstered by several financing activities including a $158 million PIPE financing and a $65 million credit facility with Synovus Bank. Operating expenses rose to $122.1 million from $46.2 million year-over-year, primarily due to increased R&D investments and personnel costs.Looking ahead, Archer continues to advance its Midnight aircraft program, having received FAA Special Airworthiness Certificate and begun flight testing in October 2023. The company maintains strategic partnerships with United Airlines for potential aircraft orders and Stellantis for manufacturing collaboration, while expanding its operational capabilities through facility construction in Covington, Georgia.
Archer Aviation報告2024年第三季度淨虧損爲11530萬美元,相較於2023年第三季度的5160萬美元虧損,研發費用增加32.4%,達到8980萬美元。營業收入仍爲零,因爲公司繼續開發其電動垂直起降(eVTOL)飛機。截至2024年9月30日,公司現金狀況增強至50170萬美元,得益於包括15800萬美元PIPE融資和與Synovus銀行的6500萬美元信貸設施在內的多項融資活動。營業費用從上年的4620萬美元上升至12210萬美元,主要由於研發投資和人員成本增加。展望未來,Archer繼續推進其Midnight飛機項目,已獲得美國聯邦航空局(FAA)特別適航證,並於2023年10月開始飛行測試。公司與聯合大陸航空保持戰略合作關係,進行潛在飛機訂單,並與Stellantis進行製造合作,同時通過在喬治亞州科文頓的設施施工擴展其運營能力。
Archer Aviation報告2024年第三季度淨虧損爲11530萬美元,相較於2023年第三季度的5160萬美元虧損,研發費用增加32.4%,達到8980萬美元。營業收入仍爲零,因爲公司繼續開發其電動垂直起降(eVTOL)飛機。截至2024年9月30日,公司現金狀況增強至50170萬美元,得益於包括15800萬美元PIPE融資和與Synovus銀行的6500萬美元信貸設施在內的多項融資活動。營業費用從上年的4620萬美元上升至12210萬美元,主要由於研發投資和人員成本增加。展望未來,Archer繼續推進其Midnight飛機項目,已獲得美國聯邦航空局(FAA)特別適航證,並於2023年10月開始飛行測試。公司與聯合大陸航空保持戰略合作關係,進行潛在飛機訂單,並與Stellantis進行製造合作,同時通過在喬治亞州科文頓的設施施工擴展其運營能力。
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