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Dec 31, 2022
Archer Aviation Q4 2022 Earnings Report
Archer Aviation's Q4 2022 performance reflected significant investments in technology development and infrastructure scaling, alongside key advancements in aircraft certification and manufacturing buildout.
Key Takeaways
Archer Aviation reported a net loss of $95.4 million for Q4 2022. The company continued to make strides in the development and certification of its Midnight aircraft, expanded its partnership with Stellantis, and ramped up manufacturing and testing capabilities across multiple facilities.
Nearing completion of first build of Midnight.
Significantly expanded partnership with Stellantis for manufacturing Midnight.
Continued certification progress with the FAA.
Ramping manufacturing & test capabilities across multiple facilities.
Archer Aviation
Archer Aviation
Forward Guidance
For Q1 2023, Archer anticipates GAAP total operating expenses of $110 million to $120 million and non-GAAP total operating expenses of $75 million to $85 million.