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Dec 31, 2023
Archer Aviation Q4 2023 Earnings Report
Archer Aviation reported increased liquidity and continued progress on Midnight aircraft development.
Key Takeaways
Archer Aviation ended Q4 2023 with a strong liquidity position of $464.6 million in cash and cash equivalents. The company continued to invest in the design, development, test, and certification activities for its Midnight aircraft, and is on track to complete construction of its high volume manufacturing facility in Georgia in 2024.
Three conforming aircraft now under construction
Indicative order book is now up to $3.5B
Maintained a strong liquidity position at the end of Q4 2023
Volume Manufacturing Facility to be Completed in 2024
Forward Guidance
For Q1 2024, Archer anticipates total GAAP operating expenses of $100 million to $120 million, including $25 million in stock-based compensation, warrant expense and other non-cash charges, and one-time expenses. They expect total non-GAAP operating expenses of $75 million to $95 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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