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News  ›  Investing.com

Archer Aviation’s Funding Boost Fails to Offset Investor Focus on Losses

Investing.com Logo Investing.com By Timothy Fries
Archer Aviation’s Funding Boost Fails to Offset Investor Focus on Losses

Archer Aviation reported wider-than-expected quarterly losses of $129.9 million, despite securing $650 million in new equity capital and acquiring Hawthorne Airport for $126 million. The company's stock tumbled nearly 10% in premarket trading as investors focused on mounting expenses.

Insights
QQQ   neutral

High concentration in technology stocks (54%), higher volatility, trading at potentially overvalued earnings multiple (33.25x), but strong recent performance with 130.8% three-year return


ACHR   negative

Reported wider quarterly losses, decreased cash balances, increased operating expenses, and stock price decline indicate investor concerns about financial performance and sustainability