Archer Q4 net loss $198M; starts Midnight production, Abu Dhabi first commercialization customer

Archer Aviation Inc.

2024-FY EPS reported -$1.42

Q4 GAAP net loss $198.1M; FY2024 net loss $536.8M; Adjusted EBITDA -$94.8M in Q4.
Cash of $834.5M; total liquidity over $1B including $302M raised in Feb 2025.
Plans to build up to 10 Midnight aircraft in 2025; production started at ARC facility.
Abu Dhabi Aviation named first 'Launch Edition' customer; defense hybrid VTOL partnership with Anduril.
FAA Part 141 pilot training certification obtained; 13% of compliance documents approved for type certification.

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