Loading...
•
Mar 31, 2021
AYRO Q1 2021 Earnings Report
AYRO reported financial results for the first quarter ended March 31, 2021.
Key Takeaways
AYRO's first quarter 2021 financial performance marked the sixth consecutive quarter of quarter-over-quarter revenue growth. The company has over $90 million in cash on its balance sheet.
AYRO's first quarter 2021 financial performance marks the sixth consecutive quarter of quarter-over-quarter revenue growth.
The company has over $90 million in cash on its balance sheet.
AYRO has partnered with Karma Automotive for the assembly and manufacturing of its 411x trucks and Club Car and Gallery Carts for the distribution of these trucks into multiple end markets.
Element Fleet Management has agreed to identify other corporate buyers for both the 411x and 311x vehicles, while also identifying solutions for insuring, maintaining, storing, and reselling AYRO's EVs.
Forward Guidance
The 411x light-duty truck is expected to be officially launched by Club Car in the near term, while the next generation 311x vehicle is expected to be introduced to the market in late 2021 with production expected to commence in the first half of 2022.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...