Archer Aviation Inc · Q2 2021 earnings

Briefing

Archer Aviation's Q4 2021 financial results and business progress were shared. The company successfully completed key milestones, including the first hover flight of the Maker demonstrator aircraft and a Conceptual Design Review for the production aircraft. Focus remained on achieving FAA certification and advancing manufacturing plans.

Archer Aviation reported Q4 2021 financial results, highlighting a GAAP total operating expenses of $53.3 million and a net loss of $43.3 million. The company ended the quarter with $746.9 million in cash and cash equivalents. Key operational achievements included the first hover flight of their Maker aircraft and progress towards FAA certification.

• Successfully completed the first hover flight of our Maker demonstrator aircraft.
• Completed a Conceptual Design Review (CoDR) for our production aircraft.
• Focused on finalizing G-2 Issue Paper with the FAA for our production aircraft.
• Successfully completed each of the stated 2021 milestones and remain on track to achieve our 2022 milestones.

Headline financials

Revenue & EPS history

For Q1 2022, Archer anticipates total GAAP operating expenses of $58 million to $64 million and non-GAAP total operating expenses of $33 million to $39 million, which reflects expected stock-based compensation and warrant expense of approximately $25 million.