Archer Q3 revenue $5.1M; net loss $274.6M; FAA certificate unlocks LA ops

Archer Aviation Inc.

Revenue was $5.1M; net loss $274.6M and adjusted EBITDA loss $178.5M, at the favorable end of $170M-$200M guidance.
Cash, cash equivalents and short-term investments totaled $1.4B at quarter-end.
Midnight received an FAA Market Survey Special Airworthiness Certificate, unlocking piloted LA operations in coming weeks ahead of eIPP and LA28 passenger trials.
Boeing's Wisk, Insitu and SkyGrid acquisition is nearing close with only one of nearly 20 approvals outstanding; Boeing is set to become Archer's largest shareholder.
Insitu adds over $200M in annual revenue across 35 countries; Archer began turboshaft engine testing for its Anduril Halo/Thunder platform, targeting 2027 full-scale flight testing.

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