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
revenue				10.80M -
cost of revenue					5.80M -
gross profit				10.80M -	-5.80M 153.70%
selling and marketing expenses					-500K -
general and administrative expenses	122 -	3.50M 2,868,752.46%	176.70M 4,948.57%	165.10M 6.56%	168.40M 2.00%
selling general and administrative expenses	122 -	3.50M 2,868,752.46%	176.70M 4,948.57%	165.10M 6.56%	167.90M 1.70%
research and development expenses	1.54K -	21.10M 1,371,811.57%	64.30M 204.74%	171.50M 166.72%	271.10M 58.08%
other expenses			10.60M -	27.80M 162.26%	2.10M 92.45%
cost and expenses		24.60M -	241M 879.67%	336.60M 39.67%	444.80M 32.14%
operating expenses	891.00 -	24.60M 2,760,842.76%	241M 879.67%	336.60M 39.67%	439M 30.42%
interest expense		200K -	1M 400%	2.30M 130%	16.40M 613.04%
ebitda	-53 -	-24.40M 46,037,635.85%	-229.10M 838.93%	-321.40M 40.29%	-439M 36.59%
operating income	-891 -	-24.60M 2,760,842.76%	-358.30M 1,356.50%	-347.40M 3.04%	-444.80M 28.04%
depreciation and amortization	891 -	200K 22,346.69%	129.20M 64,500%	26M 79.88%	5.80M 77.69%
total other income expenses net	-53 -	-200K 377,258.49%	10.50M 5,350%	30.10M 186.67%	-12.60M 141.86%
income before tax	-944 -	-24.80M 2,627,018.64%	-347.80M 1,302.42%	-317.30M 8.77%	-457.40M 44.15%
income tax expense	-53 -	200K 377,458.49%	11.60M 5,700%	2.30M 80.17%	500K 78.26%
net income	-944 -	-25M 2,648,205.08%	-359.40M 1,337.60%	-319.60M 11.07%	-457.90M 43.27%
weighted average shs out	50K -	240.63M 481,167.11%	110.84M 53.94%	240.48M 116.97%	270.41M 12.45%
weighted average shs out dil	50K -	240.63M 481,167.11%	110.84M 53.94%	240.48M 116.97%	270.41M 12.45%
eps	-0.02 -	-0.10 429.10%	-3.24 3,140%	-1.33 58.95%	-1.69 27.07%
epsdiluted	-0.02 -	-0.10 429.10%	-3.24 3,140%	-1.33 58.95%	-1.69 27.07%

COM:ARCHER

Archer Aviation Inc.

Last Close

5.78

22/11 21:00

Market Cap

1.50B

Beta: -

Volume Today

117.23K

Avg: -

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