•
Sep 30, 2021

AYRO Q3 2021 Earnings Report

AYRO's financial results for the third quarter of 2021 were announced.

Key Takeaways

AYRO reported its Q3 2021 financial results, highlighting a contracted backlog of $4.1 million as of September 30, 2021, and over $77 million in cash at quarter end.

AYRO announced financial results for the third fiscal quarter ended September 30, 2021.

The company had a contracted backlog of $4.1 million as of September 30, 2021.

AYRO's CEO is evaluating the company's strategy and operations to maximize shareholder value.

AYRO had over $77 million in cash at quarter end.

Total Revenue
$559K
Previous year: $389K
+43.9%
EPS
-$2.64
Previous year: -$1.04
+153.8%
Gross Profit
-$396K
Previous year: $62K
-739.0%
Cash and Equivalents
$77M
Previous year: $28M
+175.0%
Free Cash Flow
-$11.1M
Total Assets
$85.1M

AYRO

AYRO

Forward Guidance

AYRO's CEO is evaluating the company's strategy and operations to maximize shareholder value and plans to update shareholders towards the end of the calendar year to discuss plans moving into 2022 and beyond.