Archer Aviation Q3 2022 Earnings Report
Key Takeaways
Archer Aviation reported a net loss of $91.0 million and total operating expenses of $93.8 million for the third quarter of 2022. The company achieved key milestones, including the first wing-borne flight of its Maker demonstrator aircraft and the announcement of a commercial eVTOL route with United Airlines.
Completed first wing-borne flight with Maker demonstrator aircraft.
Announced industry's first specific commercial eVTOL aircraft route in the US with United Airlines.
Focused on completing 2022 goals: completing Maker’s full transition flight, FAA acceptance of Means of Compliance and selecting manufacturing site.
To unveil Midnight production aircraft at upcoming Open House event.
Archer Aviation
Archer Aviation
Forward Guidance
For the fourth quarter of 2022, Archer anticipates GAAP total operating expenses of $100 million to $110 million and non-GAAP total operating expenses of $70 million to $80 million.