NYSE$ACHR

Archer Aviation Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Archer Aviation's Q4 2022 performance reflected significant investments in technology development and infrastructure scaling, alongside key advancements in aircraft certification and manufacturing buildout.

Archer Aviation reported a net loss of $95.4 million for Q4 2022. The company continued to make strides in the development and certification of its Midnight aircraft, expanded its partnership with Stellantis, and ramped up manufacturing and testing capabilities across multiple facilities.

  • Nearing completion of first build of Midnight.
  • Significantly expanded partnership with Stellantis for manufacturing Midnight.
  • Continued certification progress with the FAA.
  • Ramping manufacturing & test capabilities across multiple facilities.

Headline financials

Total Revenue

$10.8M

No prior period
EPS (adj)

-$0.39

Previous: $1.36-128.7%
Total operating expenses

$108M

No prior period
Net loss

-$95.4M

No prior period
Capital Expenditures

$3.3M

Previous: $500K+560.0%
Free Cash Flow

-$70.5M

Previous: -$49.4M-42.7%
Net Income

-$95.4M

Previous: -$43.3M-120.3%
Operating Income

-$347M

Previous: -$53.3M-551.8%
Cash & Equivalents

$69.4M

Previous: $747M-90.7%
Total Assets

$574M

Previous: $768M-25.3%
Stock-Based Comp

$26.5M

Previous: $18.9M+40.2%

Revenue & EPS history

Archer Aviation · Revenue · Quarterly

$10.8M

Q4 2022
Beat estimate in 0 of 8 quarters(0%)
ActualEstimate

Forward guidance

For Q1 2023, Archer anticipates GAAP total operating expenses of $110 million to $120 million and non-GAAP total operating expenses of $75 million to $85 million.

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 Q4 2022

Historical avgQ4 2022

+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

Earnings price reactions
QuarterReport dateReaction (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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