Archer Aviation Inc (NYSE:ACHR) reported financial results for the fourth quarter after the market close on Monday. Here’s what you need to know from the eVTOL company’s report.
- Archer Aviation stock is trending. Why is ACHR stock on the radar today?
Archer Falls Short Of Estimates In Q4
Archer reported a fourth-quarter loss of 26 cents per share, missing analyst estimates for a loss of 24 cents per share, according to Benzinga Pro. The company reported $300,000 of total revenue in the quarter, missing estimates of approximately $666,000.
Archer reported total fourth-quarter operating expenses of $234.7 million. The company ended the period with approximately $1.96 billion in cash, cash equivalents and short-term investments.
“Everything we’ve built over the past seven years is converging, and our strategy is paying off in ways the market is only beginning to understand,” said Adam Goldstein, founder and CEO of Archer.
Archer reported an adjusted EBITDA loss of $137.9 million in the quarter and guided for a first-quarter adjusted EBITDA loss of $160 million to $180 million.
Archer said it will continue to expand its piloted Midnight fleet throughout 2026, with several aircraft in various stages of completion. The company is targeting its first passenger-carrying flights in 2026.
Archer’s management team will further discuss the quarter on an earnings call with investors and analysts at 5 p.m. ET.
ACHR Shares Slip After The Close
ACHR Price Action: Archer Aviation shares were down 2.53% in after-hours on Monday, trading at $7.33 at the time of publication, according to Benzinga Pro.
Image: Shutterstock.com
Recent Comments