100s of titles, one news app for just $10 a month.
Dive Deeper:
BlackSky Shares Slide Post Q1 Results
BlackSky Technology Inc (NYSE:BKSY) reported first-quarter revenue growth of 91% year-over-year to $13.9 million, beating the consensus of $11 million. Imagery and…
FREYR Battery Shares Gain Post Q1 Results
FREYR Battery SA's (NYSE:FREY) first-quarter net loss widened to $(34.91) million from $(11.89) million a year ago. Loss from operations was $(27.6) million…
Coupang Shares Soar Afterhours On Q1 Results, Clocks 22% Revenue Growth
Coupang Inc (NYSE:CPNG) reported first-quarter revenue growth of 22% year-over-year to $5.12 billion, +32% on a constant currency basis, missing the consensus…
Eneti Stock Slips Post Q1 Results
Eneti Inc (NYSE:NETI) reported a first-quarter revenue decline of 62.5% year-over-year to $22.44 million, beating the consensus of $18.11 million. GAAP EPS was…
One subscription that gives you access to news from hundreds of sites
Playboy Parent Shares Pop Post Q1 Results
PLBY Group Inc (NASDAQ:PLBY) reported first-quarter FY21 sales growth of 63% year-on-year to $69.38 million, beating the consensus of $68.53 million. Direct-to-consumer revenue…
RADCOM Shares Gain On Q1 Beat, Guidance Boost
RADCOM Ltd (NASDAQ:RDCM) reported first-quarter FY22 revenue growth of 16% year-on-year to $10.6 million, ahead of the consensus of $10.2 million. The non-GAAP…
Get all your news in one place
Latest Business news:
Hedge Fund Up 138% This Year Is Turning Bullish on China Stocks
A fund manager who made triple-digit gains by hedging risks in Chinese equities is now turning bullish on mainland shares.
Read news from The Economist, FT, Bloomberg and more, with one subscription
Learn More
Apple Analyst Hints At Imminent Launch Of Next Iteration Of This Key Product
Apple, Inc. (NASDAQ: AAPL) is expected to have a strong launch year in 2022.
Tesla Drops To Number 2: Is Cathie Wood's Ark Invest Losing Confidence In Its Favorite Stock?
Tesla, Inc. (NASDAQ: TSLA) stock has been going downhill since peaking in early November 2021.
Survivor, Bachelor in Paradise, Love Island: How Fiji is cashing in on reality TV favourites
Fiji is a small nation looking for big investment and it is working hard to make film and reality television…
What do Elon Musk and Jeff Bezos have in common? An unhealthy Twitter habit
They are two of the world’s richest people, and both are obsessed with space travel, but they use social media…
From analysis to good news, read the world’s best news in one place
The Stats Guy: What does tourism in Australia look like now that travellers are returning?
The tourism sector is preparing for a comeback. So, what is the state of play in the sector and what…
Tech’s High-Flying Startup Scene Gets a Crushing Reality Check
Job cuts and a sour investment climate are hitting big companies like Stripe and Instacart, and may slam smaller ones…

Archer Aviation Shares Gains Post Q1 Results

By Akanksha Bakshi
  • Archer Aviation Inc (NYSE:ACHRreported a first-quarter net loss of $(59.2) million, wider than the $(43.3) million loss in 4Q21 and narrower than the $(94.9) million loss in 1Q21.
  • Adjusted EBITDA loss expanded to $(39.1) million from $(15.6) million a year ago.
  • Total operating expenses were $65.3 million for the quarter, a sequential reduction from $53.3 million and a decrease from $94.9 million in 1Q21.
  • Archer Aviation ended the quarter with $702.4 million in cash and cash equivalents as of March 31, 2022.
  • Net cash used in operating activities totaled $(36.8) million, compared to $(12) million a year ago.
  • "We support the FAA’s effort to put a more comprehensive certification framework in place for our industry. We don’t believe the rule transition from 14 CFR 21.17a to 21.17b will have a material impact on our certification timeline," commented Adam Goldstein, Archer’s Co-Founder and CEO.
  • 2Q22 Outlook: Archer Aviation expects GAAP total operating expenses of $80 million - $86 million and Non-GAAP total operating expenses of $47 million - $53 million.
  • Price Action: ACHR shares are trading higher by 7.85% at $3.51 on the last check Thursday.
What is inkl?
The world’s most important news, from 100+ trusted global sources, in one place.
Morning Edition
Your daily
news overview

Morning Edition ensures you start your day well informed.

No paywalls, no clickbait, no ads
Enjoy beautiful reading

Content is only half the story. The world's best news experience is free from distraction: ad-free, clickbait-free, and beautifully designed.

Expert Curation
The news you need to know

Stories are ranked by proprietary algorithms based on importance and curated by real news journalists to ensure that you receive the most important stories as they break.

Dive Deeper:
BlackSky Shares Slide Post Q1 Results
BlackSky Technology Inc (NYSE:BKSY) reported first-quarter revenue growth of 91% year-over-year to $13.9 million, beating the consensus of $11 million. Imagery and…
FREYR Battery Shares Gain Post Q1 Results
FREYR Battery SA's (NYSE:FREY) first-quarter net loss widened to $(34.91) million from $(11.89) million a year ago. Loss from operations was $(27.6) million…
Coupang Shares Soar Afterhours On Q1 Results, Clocks 22% Revenue Growth
Coupang Inc (NYSE:CPNG) reported first-quarter revenue growth of 22% year-over-year to $5.12 billion, +32% on a constant currency basis, missing the consensus…
Eneti Stock Slips Post Q1 Results
Eneti Inc (NYSE:NETI) reported a first-quarter revenue decline of 62.5% year-over-year to $22.44 million, beating the consensus of $18.11 million. GAAP EPS was…
One subscription that gives you access to news from hundreds of sites
Playboy Parent Shares Pop Post Q1 Results
PLBY Group Inc (NASDAQ:PLBY) reported first-quarter FY21 sales growth of 63% year-on-year to $69.38 million, beating the consensus of $68.53 million. Direct-to-consumer revenue…
RADCOM Shares Gain On Q1 Beat, Guidance Boost
RADCOM Ltd (NASDAQ:RDCM) reported first-quarter FY22 revenue growth of 16% year-on-year to $10.6 million, ahead of the consensus of $10.2 million. The non-GAAP…
Get all your news in one place