NYSE$ACHR
Archer Aviation Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Archer Aviation's progress in flight testing and certification, along with financial results, were highlighted.
Archer Aviation reported a net loss of $116.5 million for Q1 2024, driven by continued investments in the Midnight aircraft program, testing, certification activities, and facility build-out. The company maintained a strong liquidity position with $523 million and progressed with key milestones including flight tests and battery pack manufacturing.
- Archer flew over 100 flights in Q1, advancing towards the goal of exceeding 400 flights this year.
- The company is nearing the transition milestone for its Midnight aircraft, preparing for piloted flight tests later this year.
- Archer completed the installation of a high-volume battery pack manufacturing line.
- A multi-hundred million dollar framework agreement was signed with the Abu Dhabi Investment Office to accelerate air taxi operations in the UAE.
Headline financials
Revenue & EPS history
Archer Aviation · Revenue · Quarterly
$0
Forward guidance
Archer anticipates total non-GAAP operating expenses of $80 million to $95 million for the second quarter of 2024.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2024
+3.7%
Avg return
Earnings day
+10.4%
Avg return
5 days after
+11.0%
Avg return
30 days after
55%
12 / 22 earnings
Positive
+23.1%
Q1 2022
Best reaction
-16.0%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.9% | -6.8% | -22.2% | |
| Q4 2025 | -10.8% | -16.8% | -27.9% | |
| Q3 2025 | -7.7% | -2.6% | -3.2% | |
| Q2 2025 | +7.4% | +2.9% | -11.0% | |
| Q1 2025 | +22.8% | +46.5% | +29.2% | |
| Q4 2024 | +12.1% | +2.7% | -8.3% | |
| Q3 2024 | +21.2% | +45.2% | +157.9% | |
| Q1 2024 | -2.1% | +7.2% | -9.9% | |
| Q4 2023 | -0.2% | -5.4% | -1.5% | |
| Q3 2023 | -4.6% | +14.8% | +29.2% | |
| Q2 2023 | +0.2% | +10.2% | +18.2% | |
| Q1 2023 | -16.0% | +9.2% | +36.6% | |
| Q4 2022 | +8.1% | +2.8% | -9.5% | |
| Q3 2022 | +11.2% | +8.0% | -14.1% | |
| Q2 2022 | +9.4% | +5.5% | -19.9% | |
| Q1 2022 | +23.1% | +23.1% | +26.5% | |
| Q2 2021 | +5.0% | +39.7% | +28.4% | |
| Q4 2021 | +5.0% | +39.7% | +28.4% | |
| Q3 2021 | -3.5% | +0.7% | +22.9% | |
| Q3 2020 | +0.0% | +0.1% | +0.2% | |
| Q1 2021 | +0.0% | +0.1% | +0.2% | |
| Q4 2020 | -0.9% | +1.1% | -8.8% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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