ACHR Earnings Prediction
The chart below shows how ACHR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ACHR sees a +0.04% change in stock price 10 days leading up to the earnings, and a -3.25% change 10 days following the report. On the earnings day itself, the stock moves by +3.23%. This data can give you a slight idea of what to expect for the next quarter's release.
ACHR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
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Gross Margin
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Operating Margin
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Net Margin
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EPS
-0.29
-52.63%
-9.38%
No Data Available
ACHR Earnings Analysis
Archer Aviation Inc. Corporation (ACHR.N) Earnings Conference Call
Positive
Strongest Cash Position: Archer Aviation reported a cash position of $501.7 million at the end of Q3 2024, marking the strongest cash position in the last 18 months.
New Manufacturing Facility Opening: The company is set to open its manufacturing facility in Covington, Georgia, in the coming weeks, with a budget of approximately $65 million.
Capital Commitment for Air Taxi: Archer has secured a commitment of up to $400 million in additional capital from Stellantis to support the manufacturing of its Midnight air taxi.
Growing Order Book: The company has a growing order book exceeding $6 billion, which includes planned pre-delivery payments.
Effective Cost Management: Archer's non-GAAP operating expenses for Q3 2024 were $96.8 million, within the guided range of $90 million to $100 million, indicating effective cost management.
Negative
Operating Expenses Overview: Operating expenses for Q3 '24 were $96.8 million, which is within our guided range of $90 million to $100 million and relatively flat quarter-over-quarter.
Operating Expenses Overview: Our total operating expenses on a GAAP basis for Q3 '24 were $122.1 million, which is also relatively flat to the prior quarter.
Non-GAAP Operating Expenses Breakdown: Our non-GAAP operating expenses for Q3 '24 were $96.8 million, which included approximately $25.3 million of non-cash or one-time expenses primarily driven by the $21.4 million of stock-based compensation.
Supply Chain Investment Costs: We incurred approximately $19 million of non-recurring engineering and material costs with our suppliers during the quarter as we continue to invest in the maturation of our supply chain for Midnight and procure parts for the manufacture of our Midnight aircraft.
Increased Operating Expenses: We expect total non-GAAP operating expenses of $95 million to $110 million for Q4 '24, representing an uptick in spending as we plan for an increase in our non-recurring engineering costs with our suppliers to enable our manufacturing ramp.
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ACHR Earning Call Sentiment
Archer Aviation Inc. (ACHR) Q3 2024 Earnings Call Transcript
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ACHR.N
-8.12%Positive
The earnings call summary reveals strong financial performance with record cash reserves and a significant order book, including agreements with major airlines. The Q&A section highlights strategic international expansion and a solid manufacturing plan, despite some regulatory challenges. The potential $400 million capital contribution from Stellantis and existing $501.7 million cash position further bolster financial health. While there are operational and regulatory risks, the overall sentiment is positive, suggesting a likely stock price increase of 2% to 8% over the next two weeks for this small-cap company.