AYRO reports Q3 revenue $559K (+44% YoY), net loss $12M; cash $77.1M

Fabric.AI, Inc.

Revenue of $559,370, up 44% YoY; net loss of ($12.0) million; adjusted EBITDA loss of ($8.2) million.
Total cash of $77.1 million with no debt as of September 30, 2021.
Appointed Thomas M. Wittenschlaeger as CEO; company to evaluate strategy for shareholder value.
Launched 2022 Club Car Current; recognized $0.4M charge for retirement of prior model; $4.9M in purchase orders from Club Car.
Contracted backlog of $4.1 million as of September 30, 2021.

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