Arcimoto (NASDAQ:FUV) reported its Q1 earnings results on Monday, May 16, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Arcimoto missed estimated earnings by 13.33%, reporting an EPS of $-0.34 versus an estimate of $-0.3.
Revenue was down $743.77 thousand from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.36 which was followed by a 13.77% drop in the share price the next day.
Here's a look at Arcimoto's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.26 | -0.20 | -0.16 | -0.12 |
| EPS Actual | -0.62 | -0.31 | -0.26 | -0.13 |
| Revenue Estimate | 1.48M | 1.88M | 2.09M | 1.39M |
| Revenue Actual | 786.67K | 1.50M | 717.00K | 1.39M |
To track all earnings releases for Arcimoto visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
