NYSE$ACHR
Archer Aviation Inc · Q2 2024 earnings
Q2 2024 earnings · · After market close · Investor relations
Briefing
Archer Aviation Inc reported its Q2 2024 financial results with continued pre-revenue operations focused on eVTOL development.
Archer Aviation Inc. reported a net loss of $106.9 million for the three months ended June 30, 2024, driven by research and development and general and administrative expenses totaling $121.2 million. The company maintained a strong cash position of $360.4 million while advancing its Midnight eVTOL aircraft certification and manufacturing efforts. No revenue was generated during the quarter as the company remains in the development phase.
- Net loss of $106.9 million for Q2 2024 compared to $184.1 million in Q2 2023
- Total operating expenses of $121.2 million, including $89.8 million in R&D
- Cash and cash equivalents of $360.4 million at quarter end
- EPS of $(0.32) with 334.1 million weighted average shares outstanding
Headline financials
Revenue & EPS history
Archer Aviation · Revenue · Quarterly
$0
Forward guidance
The company continues to focus on FAA certification of its Midnight aircraft and scaling manufacturing capabilities.
Tailwinds
- Progress on flight testing program for Midnight aircraft
- Strong cash position supporting ongoing development
Headwinds
- Continued net losses and cash burn expected until commercialization
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports
+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 |
|---|---|---|---|---|
| Q2 2024 | — | — | — | |
| 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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