- Archer Aviation Inc (NYSE:ACHR) reported a fourth-quarter net loss of $(43.3) million, a sequential decrease from $(176.7) million in 3Q21, driven primarily by a decrease in stock-based compensation of $83.9 million.
- Adjusted EBITDA loss expanded to $(32.4) million from $(28.3) million in Q3.
- Total operating expenses were $53.3 million for the quarter, a sequential reduction from $123 million in Q3.
- Archer Aviation ended the quarter with $746.9 million in cash and cash equivalents as of December 31, 2021.
- Archer stated it continues to be on track to achieve Maker’s first full transition cruise flight in the second half of 2022. Separately, continue to build a duplicate of Maker for additional testing purposes, which we expect to complete during the second half of 2022.
- 1Q22 Outlook: Archer Aviation expects GAAP operating expenses of $58 million to $64 million and non-GAAP total operating expenses of $33 million to $39 million.
- It expects stock-based compensation and warrant expense of ~$25 million.
- Price Action: ACHR shares are trading higher by 3.44% at $3.01 during the post-market session on Monday.
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Archer Aviation Stock Gains Post Q4 Results
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