Archer Aviation Inc., an urban air mobility company, engages in designs, develops, manufactures, and operates electric vertical takeoff and landing aircrafts to carry passengers. The company was formerly known as Atlas Crest Investment Corp. and changed its name to Archer Aviation Inc. Archer Aviation Inc. was incorporated in 2018 and is headquartered in Palo Alto, California.

Archer Aviation Inc.

Archer is designing and developing electric vertical takeoff and landing aircraft for use in urban air mobility networks. Archer’s mission is to unlock the skies, freeing everyone to reimagine how they move and spend time. Archer's team is based in Santa Clara, CA. To learn more, visit www.archer.com.

ARK Investment Management

Stellantis

The Boeing Company

United Airlines

Access Industries

Putnam Investments

EXOR N.V.

Federated Kaufmann Fund

Mubadala Capital Ventures

Adam Goldstein

Brett Adcock

Marc Lore

A-Rod Corp

Global Founders Capital

FJ Labs

Troy Capital Partners

Greycroft

Jennifer Lopez

Lee Fixel

Archer

💨 FAA Downwash Testing with Midnight 💨

Midnight recently completed a downwash testing campaign with the Federal Aviation Administration that included a series of six flights in four days. The campaign will provide the FAA with valuable data about the impact of our aircraft’s downwash/outwash footprint when taking off and landing at helipads across the country - an important step in unlocking access to additional aviation infrastructure that will further support the ramp up of our commercial operations. 

DESIGN AS A DIFFERENTIATOR | "At Archer, the design approach had to be different. We are calling it “Transformative Design” which means designing a product that will positively impact humanity as a whole. So we aren’t just building an aircraft, we’re creating an entire infrastructure that enables you to live a certain way. We are designing the whole journey from the first mile to the last mile, from the aircraft to landing infrastructures to the accompanying digital app. We are calling this ecosystem the ‘Archer world’. This is the future of movement and as a designer I’ve become a part of that change." - Julien Montousse, Archer VP of Design & Innovation

Check out Julien's interview with Car Design News to learn about Archer's approach to aircraft and ecosystem design and the implications it has for defining the future of movement: https://lnkd.in/gd6Ks-ST

There’s no one more deserving to be named to the 2024 eVTOL Insights Powerbook than our Chief People & Partnerships Officer, Tosha Perkins, Ph.D.! Tosha’s not only made a massive impact at Archer…she’s helped shape the entire eVTOL industry as a whole:

1. Archer's success over the years is due entirely to the incredible team of people who work here. Tosha has led the build-out of our team from the beginning with the innovative recruiting program she's created with her team which has helped us scale Archer's organization without ever sacrificing the quality of talent we bring in.

2. Tosha and her team have led the way in attracting new talent to the eVTOL industry from top-tier companies like Tesla, Apple, Uber, Rivian, Lucid and so many more. Doing so is critical for the long-term success of Archer and our industry, and no one has done it better, or at a higher clip, than her. 

3. Tosha sets the tone for our organization and, importantly, our culture. She's the embodiment of the type of person we want working at Archer and the embodiment of the type of collaborator we aim to be for our partners - positive, hard-working, solutions-oriented, inclusive, and innovative. When you have someone like her leading the way, you're bound to attract people and partners with similar traits. 

Congratulations on this well-deserved honor, Tosha! https://lnkd.in/gfdNEwqn

Archer is happy to be participating in LAX’s formal request for industry input on electric air taxi operations and is encouraged by the growing interest in electric air taxi's that local leaders across the Southern California market continue to show. 

We look forward to building on our partnerships with United Airlines  and Atlantic Aviation to establish sites for electric aircraft operations in the vibrant community of Los Angeles and beyond.

Here are 3️⃣ key takeaways from our partnership announcement with NASA - National Aeronautics and Space Administration which we celebrated by ringing the NYSE opening bell: 

🦺 Safety. Safety. Safety - Safety is the guiding principle of this partnership and this first project together will focus on ensuring the highest levels of safety and performance for battery systems that we'll use to enable the electrification of aviation at scale.

👩‍🚀 Space Act Agreement - Archer and NASA have already been working together, but today's Space Act Agreement announcement sets the table to expand our work together collaborating on battery technology as well as other mission-critical eVTOL aircraft technologies.
 
💪 Leadership - Our collaboration under the NASA Space Act Agreement is focused on ensuring the U.S. leads the world in the next generation of air transportation.

Learn more: https://lnkd.in/gTBsGWty 

	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
net income	-944 -	-24.80M 2,627,018.64%	-347.80M 1,302.42%	-317.30M 8.77%	-457.90M 44.31%
depreciation and amortization		200K -	1.30M 550%	4.40M 238.46%	6.50M 47.73%
deferred income tax			113M -		-9.20M -
stock based compensation		200K -	123.60M 61,700%	102.80M 16.83%	45.20M 56.03%
change in working capital		1.30M -	-400K 130.77%	19.20M 4,900%	13.20M 31.25%
accounts receivables
inventory
accounts payables		1.60M -	-800K 150%	-100K 87.50%	9.20M 9,300%
other working capital		-300K -	400K 233.33%	19.30M 4,725%	4M 79.27%
other non cash items	135 -	300K 222,122.22%	1.90M 533.33%	-9.50M 600%	130.60M 1,474.74%
net cash provided by operating activities	-809 -	-22.80M 2,818,194.19%	-108.40M 375.44%	-200.40M 84.87%	-271.60M 35.53%
investments in property plant and equipment	-4 -	-1.90M 47,499,900%	-3.50M 84.21%	-6.90M 97.14%	-44.30M 542.03%
acquisitions net				457.40K -
purchases of investments				-487.40M -
sales maturities of investments				30M -	465M 1,450%
other investing activites				-457.40K -
net cash used for investing activites	-4 -	-1.90M 47,499,900%	-3.50M 84.21%	-464.30M 13,165.71%	420.70M 190.61%
debt repayment		-900K -	-619.80M 68,766.67%	-10M 98.39%	-10M 0%
common stock issued		50.30M -	600M 1,092.84%	100K 99.98%	260.70M 260,600%
common stock repurchased
dividends paid
other financing activites	10.93K -	1.80M 16,366.93%	842M 46,677.78%		-600K -
net cash used provided by financing activities	10.93K -	51.20M 468,292.64%	822.20M 1,505.86%	-9.90M 101.20%	250.10M 2,626.26%
effect of forex changes on cash	31 -
net change in cash	10.15K -	26.50M 261,009.47%	710.30M 2,580.38%	-674.60M 194.97%	399.20M 159.18%
cash at beginning of period		10.10M -	36.60M 262.38%	746.90M 1,940.71%	72.30M 90.32%
cash at end of period	10.15K -	36.60M 360,526.66%	746.90M 1,940.71%	72.30M 90.32%	471.50M 552.14%
operating cash flow	-809 -	-22.80M 2,818,194.19%	-108.40M 375.44%	-200.40M 84.87%	-271.60M 35.53%
capital expenditure	-4 -	-1.90M 47,499,900%	-3.50M 84.21%	-6.90M 97.14%	-44.30M 542.03%
free cash flow	-813 -	-24.70M 3,038,030.38%	-111.90M 353.04%	-207.30M 85.25%	-315.90M 52.39%

COM:ARCHER

Archer Aviation Inc.

Last Close

5.06

21/11 21:00

Market Cap

1.50B

Beta: -

Volume Today

42.32M

Avg: -

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