Archer Q3 net loss $91M, cash $600.6M; completes wing-borne flight, unveils Midnight

Archer Aviation Inc.

2022-Q3 EPS reported -$0.93

GAAP net loss of $91.0M; total operating expenses $93.8M.
Cash, cash equivalents and short-term investments $600.6M.
Completed first wing-borne flight with Maker; on track for full transition flight in coming weeks.
Announced industry's first specific commercial eVTOL route: Newark Liberty to Downtown Manhattan Heliport with United Airlines.
Upcoming unveiling of Midnight production aircraft at Open House event Nov 16-17.

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 0.95

Archer Aviation Inc. reported Q3 2022 results: net income $(91.0M).

Period: Q3 2022
Net income: $(91.0M)
Result: reported results

Exact text from the filing

Q3 ’22 FINANCIAL HIGHLIGHTS Q3 2022 (GAAP) Q3 2022 (NON-GAAP) 1 TOTAL OPERATING EXPENSES $93.8M $61.1M NET LOSS $(91.0M) NA ADJUSTED EBITDA NA $(60.1M) CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS $600.6M NA

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Source: SEC EDGAR

accession 0001628280-22-029481

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