Archer Aviation Inc · Q1 2022 earnings

Briefing

Archer Aviation's progress in Q1 2022 was discussed, highlighting advancements in aircraft technology, FAA certification, manufacturing, and airline operations.

Archer Aviation focused on its four key business areas: aircraft technology, FAA certification, manufacturing, and airline operations. The company completed the definition of its production aircraft's outer mold line (OML) and advanced key strategic relationships with United Airlines, Hexcel, and Stellantis. First quarter GAAP total operating expenses were $65.3 million, and the net loss was $59.2 million. Cash and cash equivalents totaled $704.2 million.

• Continued focus on executing 2022 goals across aircraft technology, FAA certification, manufacturing, and airline operations.
• Completed the definition of the production aircraft's outer mold line (OML), enabling detailed part design and tooling procurement.
• Advanced strategic relationships with United Airlines, Hexcel, and Stellantis.
• United and Archer formed a Joint eVTOL Advisory Committee to support future airline operations.

Headline financials

Revenue & EPS history

For the second quarter of 2022, Archer anticipates GAAP total operating expenses of $80 million to $86 million and non-GAAP total operating expenses of $47 million to $53 million.