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Jun 30, 2022
Archer Aviation Q2 2022 Earnings Report
Archer Aviation's Q2 2022 performance reflected increased investments in technology development and infrastructure.
Key Takeaways
Archer Aviation reported a net loss of $71.7 million and total operating expenses of $80.2 million for the second quarter of 2022. The company highlighted the completion of the preliminary design review for its production aircraft, Midnight, and advancements in FAA certification and manufacturing capabilities.
Received a $10 million deposit from United Airlines for 100 eVTOL aircraft.
Introduced further details on its production aircraft, Midnight, and completed its preliminary design review (PDR).
Advanced the commercialization of its business, with a majority of the company now working on Midnight.
Remains focused on achieving 2022 goals, including completing the first transition to wing-borne flight with the Maker aircraft.
Forward Guidance
For Q3 2022, Archer anticipates GAAP total operating expenses between $95 million and $103 million, and non-GAAP total operating expenses between $63 million and $71 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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