Arcimoto (FUV) Shares Plunge on Disastrous Earnings! [$FUV] Episode 143 скачать в хорошем качестве

Arcimoto (FUV) Shares Plunge on Disastrous Earnings! [$FUV] Episode 143

#FUV #Arcimoto #dumpsterfire https://finance.yahoo.com/news/arcimo... EUGENE, Ore., Nov. 14, 2022 (GLOBE NEWSWIRE) -- Arcimoto, Inc.® (NASDAQ: FUV), makers of rightsized, outrageously fun, ultra-efficient electric vehicles, today provided a corporate update and announced financial results for the third quarter ended September 30, 2022. Arcimoto will host a stakeholder and analyst webinar today to discuss the company’s results. To view the webcast use the link below: Arcimoto, Inc. Third Quarter 2022 Corporate Update Date: Monday, November 14 Time: 2:00 p.m. PST (5:00 p.m. EST) Webcast: https://us06web.zoom.us/webinar/regis... Third Quarter 2022 and Recent Company Highlights Produced 150 new FUVs, the highest vehicle production quarter in Arcimoto’s history, and a 47 percent increase over Arcimoto’s previous quarterly record. Delivered 74 customer vehicles, the highest quarter of customer deliveries in Arcimoto’s history, with an average sales price of $22,428. Deployed 11 vehicles for marketing and other company uses, and 46 vehicles into rental operations. As of September 30, there are 474 customer FUVs on the road today, acting as brand ambassadors everywhere they go; 90 vehicles allocated for marketing, R&D, and internal fleet use; 144 vehicles in the Arcimoto rental fleet for revenue generation. In Q3, Tilting Motor Works completed delivery of 16 TRiO kits to customers with an average sales price of $12,707. In the largest sales expansion in Arcimoto history, expanded orders to New York, New Jersey, Pennsylvania, Maryland, Virginia, Georgia, and Washington D.C., with first customer deliveries already underway. Achieved a record 2,603 rides from demo drives and rentals combined. Increased demo volume by 111 percent, with 20 percent of overall sales coming from rental leads. In effort to streamline sales, created Ownership Advisor roles to personally guide new owners through the sales and delivery process; added demo drive availability in key markets and at rental locations; extended 1.99 percent APR financing promotion with Freedom Road Financial through the end of December; added a financing calculator tool to the FUV Configurator to display estimated monthly payments as customers design their FUVs; introduced limited edition vinyl wraps. The Arcimoto Deliverator was named Overall EV of the Year in the Autotech Breakthrough Awards. Announced Arcimoto Kaua’i, a new flagship experience center located at Royal Sonesta Kaua'i Resort Lihue. First rentals are expected to begin this December, offering more than 100,000 monthly visitors electric vehicle rentals at one of the Garden Island’s premiere resort properties. Began rental operations at Hyatt Place Eugene/Oakway Center, providing a fully integrated rental experience while building on the Company’s strategy to develop partnerships with top hotels in tourist destinations worldwide. Opened Arcimoto Honolulu, the company’s third experience center overall, and the first experience center in Hawai’i. Third Quarter 2022 Financial Results Total revenues for the third quarter of 2022 increased 35% to $2 million as compared to $1.5 million in the third quarter of 2021. YTD September 30, 2022 revenue increased 16% to $4.2 million as compared to $3.6 million in 2021. The Company incurred a net loss of approximately $17 million or ($0.38) per share, in the third quarter of 2022 compared with a net loss of $11.5 million or ($0.31) per share, for the same prior-year period. The Company had $65.6 million in total assets, $4.2 million in cash and cash equivalents, and $27.6 million in total liabilities as of September 30, 2022.