Archer Reports Q1 Revenue of $1.6M, Below Consensus
Reports Q1 revenue $1.6M, consensus $1.66M. "This was another banner quarter for Archer. We made tremendous progress towards beginning operations in the US later this year, with record FAA certification progress and our most expansive flight testing to date. But what is clear to me is that Archer is far more than an air taxi company. Our defense and AI software efforts are advancing quickly, and they're opening up an even bigger future for us. We're investing and building accordingly."
