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Jun 30, 2021
AYRO Q2 2021 Earnings Report
Announced financial results for the second quarter ended June 30, 2021.
Key Takeaways
AYRO announced its second-quarter results, highlighting the launch of the Club Car Current and purchase orders valued at $4.9 million. Despite growing demand, revenue was slightly down from the first quarter due to the timing of the Current's launch and manufacturing transition.
Launched the next-generation commercial utility EV called the Club Car Current in early June.
Announced purchase orders valued at a total of $4.9 million from Club Car for the Current.
Expecting to unveil a new, purpose-engineered e-delivery system later this year and anticipate its official launch in the first half of 2022.
Balance sheet remains strong, with nearly $88 million in cash.
Forward Guidance
AYRO anticipates revenue impact from the Current's launch and is advancing the development of a restaurant e-delivery system.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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