AYRO Says In 2024 Targets Burn Rate ~$1.5M/Quarter
Portfolio Pulse from Benzinga Newsdesk
AYRO, Inc. has announced in an SEC filing that it aims to reduce its burn rate to approximately $1.5 million per quarter by 2024. This financial target is part of the company's broader strategy to manage its expenses and improve its financial health.

April 09, 2024 | 1:25 pm
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AYRO, Inc. plans to reduce its quarterly burn rate to about $1.5 million by 2024, as revealed in a recent SEC filing.
Reducing the burn rate is a positive signal to investors, indicating that AYRO is taking significant steps towards financial stability and efficiency. This move is likely to be viewed favorably by the market, as it suggests a strategic approach to managing expenses and potentially extending the company's runway, which could lead to an increase in investor confidence and a positive impact on the stock price in the short term.
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