Archer Aviation Sees Q4 GAAP Total Operating Expenses Of $100M-$110M; Non-GAAP Total Operating Expenses Of $75M-$85M
Portfolio Pulse from Benzinga Newsdesk
Archer Aviation has provided financial estimates for Q4 2023, expecting GAAP total operating expenses of $100M-$110M and non-GAAP total operating expenses of $75M-$85M. The non-GAAP estimate reflects expected stock-based compensation, warrant expense and other one-time expenses of approximately $25M. The actual amount of these expenses during 2023 will significantly impact Archer's future GAAP financial results.
November 09, 2023 | 9:21 pm
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Archer Aviation's Q4 2023 financial estimates indicate significant operating expenses, which will have a substantial impact on the company's future GAAP financial results.
The company's projected operating expenses for Q4 2023 are substantial. This could potentially lead to a decrease in profitability, which may negatively impact the company's stock price in the short term.
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