Archer reports Q4 net loss $109.1M; cash $464.6M, order book $3.5B, three conforming aircraft under construction

Archer Aviation Inc.

2023-FY EPS reported -$1.69

Ended FY2023 with ~$625M liquidity; Q4 net loss $109.1M, non-GAAP adj. EBITDA -$85.2M.
Three conforming Midnight aircraft under construction; on track for 400 flight tests in 2024.
Indicative order book up to $3.5B (700 aircraft) based on $5M per aircraft.
Volume manufacturing facility in Georgia to be completed in 2024, designed for up to 650 aircraft/year.
Received ~$2M in payments from U.S. Air Force under contracts worth up to $142M.

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 fourth quarter and full year ended December 31, 2023.

Period: fourth quarter and full year ended December 31, 2023
Result: reported results

Exact text from the filing

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, 2023. 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, 2023.

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Archer Aviation Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-006846

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