Sector: Industrials | Industry: Aerospace & Defense |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 190 West Tasman Drive SAN JOSE CA 95134 |
Tel: | N/A |
Website: | https://www.archer.com |
IR: | See website |
Key People | ||
Adam Goldstein Chief Executive Officer, Co-Founder, Director | Mark Mesler Chief Financial Officer | Tosha Perkins Chief People Officer | Thomas Muniz Chief Technology Officer |
Business Overview |
Archer Aviation Inc. is an aerospace company. The Company is engaged in designing and developing electric vertical takeoff and landing (eVTOL) aircraft for use in urban air mobility (UAM) networks. The Company's eVTOL aircraft are designed to be safe, sustainable, and quiet. Its production aircraft, Midnight, is designed around its proprietary 12-tilt-6 aircraft configuration. Midnight is designed to carry four passengers plus a pilot optimized for back-to-back short distance trips of around 20-miles, with minimal charging time between trips. It intends to operate two complementary lines of business: a direct-to-consumer aerial ride share service (Archer UAM) and the sale of its aircraft to other operators (Archer Direct). Midnight is the evolution of its demonstrator eVTOL aircraft, Maker, which through its flight test program has helped validate its proprietary 12-tilt-6 aircraft configuration and certain key enabling technologies. |
Financial Overview |
For the fiscal year ended 31 December 2023, Archer Aviation Inc revenues was not reported. Net loss increased 44% to $457.9M. Higher net loss reflects Single reportable segment loss increase of 29% to $446.9M. Basic Earnings per Share excluding Extraordinary Items decreased from -$1.31 to -$1.69. |
Employees: | 578 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $716.57M as of Dec 31, 2023 |
Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
EBITDA (TTM): | -$441.10M as of Dec 31, 2023 |
Net annual income (TTM): | -$457.90M as of Dec 31, 2023 |
Free cash flow (TTM): | -$315.90M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 310,574,786 as of Feb 23, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |