AYRO reports Q3 2023 results: first Vanish revenue, Adjusted EBITDA loss widens to $5.2M

Fabric.AI, Inc.

2023-Q3 EPS reported -$5.47 vs consensus -$13.71 ▲ beat (+60.1%)

First revenue from AYRO Vanish units recognized in Q3 2023; no revenue figure disclosed.
Adjusted EBITDA loss of $5.2 million vs. $4.8 million in Q3 2022.
Cash, equivalents, marketable securities and restricted cash of $47.9 million at Sept 30, 2023.
Expects per-unit break-even in second half of 2024 as production ramps.
CEO highlights homologation, LRIP, and four new patents awarded.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Fabric.AI, Inc. reported financial results for the third quarter ended September 30, 2023.

Period: the third quarter ended September 30, 2023
Result: reported results

Exact text from the filing

On November 20, 2023, AYRO, Inc. issued a press release announcing its financial results for the third fiscal quarter ended September 30, 2023.

View on SEC.gov

36 earnings releases filed in the last 30 days. Browse all earnings releases →

Fabric.AI, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-042158

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.