other material
confidence high
sentiment positive
materiality 0.78
Archer Aviation Q3 cash over $500M, GAAP net loss $115.3M; order book reaches $6B+
Archer Aviation Inc.
- Cash and cash equivalents finish Q3 at $501.7M; quarterly spend nearly flat vs Q2.
- GAAP net loss of $115.3M; non-GAAP Adj. EBITDA loss of $93.5M; total operating expenses $122.1M.
- Manufacturing facility in Georgia (~$65M cost) set to open; production target of 2 aircraft/month by end of 2025.
- Soracle (JAL/Sumitomo JV) orders up to $500M of Midnight aircraft; total indicative order book now $6B+.
- Seeking shareholder approval for up to ~$400M additional capital from Stellantis to scale manufacturing.