NYSE$ACHR

Archer Aviation Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Archer Aviation reported increased liquidity and continued progress on Midnight aircraft development.

Archer Aviation ended Q4 2023 with a strong liquidity position of $464.6 million in cash and cash equivalents. The company continued to invest in the design, development, test, and certification activities for its Midnight aircraft, and is on track to complete construction of its high volume manufacturing facility in Georgia in 2024.

  • Three conforming aircraft now under construction
  • Indicative order book is now up to $3.5B
  • Maintained a strong liquidity position at the end of Q4 2023
  • Volume Manufacturing Facility to be Completed in 2024

Headline financials

Total Revenue

$0.00

Previous: $10.8M-100.0%
EPS (adj)

-$0.34

Previous: -$0.39+12.8%
Total operating expenses

$107M

Previous: $108M-0.7%
Net loss

-$109M

Previous: -$95.4M-14.4%
Capital Expenditures

-$9M

Previous: $3.3M-372.7%
Net Income

-$109M

Previous: -$95.4M-14.4%
Operating Income

-$107M

Previous: -$347M+69.1%
Gross Profit

-$2.1M

No prior period
Stock-Based Comp

$20.4M

Previous: $26.5M-23.0%

Revenue & EPS history

Archer Aviation · Revenue · Quarterly

$0

Q4 2023-100%vs Q4 2022
Beat estimate in 0 of 8 quarters(0%)
ActualEstimate

Forward guidance

For Q1 2024, Archer anticipates total GAAP operating expenses of $100 million to $120 million, including $25 million in stock-based compensation, warrant expense and other non-cash charges, and one-time expenses. They expect total non-GAAP operating expenses of $75 million to $95 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 2023

Historical avgQ4 2023

+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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