Archer Aviation Q4 2022 net loss $95.4M; nearing completion of first Midnight aircraft

Archer Aviation Inc.

Q4 2022 GAAP net loss $95.4M (FY $317.3M); adjusted EBITDA -$76.0M (FY -$224.4M); cash & equivalents $531.2M.
Expanded Stellantis partnership to manufacture Midnight; Stellantis to provide up to $150M strategic funding.
First Midnight aircraft final assembly nearly complete; flight testing targeted for mid-2023.
FAA certification progress: Midnight airworthiness criteria published; majority of Means of Compliance agreed.
Began construction of high-volume manufacturing facility in Covington, GA; first commercial route announced with United Airlines.

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

Archer Aviation Inc. reported financial results for the fourth quarter and full year ended December 31, 2022.

Period: the fourth quarter and full year ended December 31, 2022
Result: reported results

Exact text from the filing

On March 9, 2023, Archer Aviation Inc. (“Archer” or the “Company”) will hold a conference call regarding its financial results for the fourth quarter and full year ended December 31, 2022. Archer also issued a letter to its stockholders (the “Shareholder Letter”) and a press release (the “Press Release”) announcing its financial results for the fourth quarter and full year ended December 31, 2022.

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Archer Aviation Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-007296

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