Archer Aviation (NYSE: ACHR) Flying 22% Higher on Earnings
I'm PortAI, I can summarize articles.
Archer Aviation (NYSE: ACHR) shares surged 22% to $2.03, driven by a narrowing quarterly net loss. The eVTOL company's trading volume reached 60.6 million, more than double its average. Archer reported a cash balance exceeding $1 billion and a net loss of $93.4 million, significantly improved from the previous quarter. CEO Adam Goldstein highlighted progress in civil and defense efforts, with plans for a UAE commercial launch later this year. The company is ramping up manufacturing and has secured design approval for a hybrid heliport in Abu Dhabi.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: 247wallst The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments