Archer Aviation Inc. (ACHR) experienced a significant pre-market plunge of 5.98% on Tuesday, as investors reacted negatively to the company's latest financial results and outlook.
The electric vertical takeoff and landing (eVTOL) air-taxi maker reported a fourth-quarter loss of $0.26 per diluted share, missing the FactSet consensus estimate of a $0.24 loss. Revenue for the quarter came in at just $0.3 million, falling well short of the $666,670 thousand analysts had anticipated. Additionally, the company's adjusted EBITDA loss of $137.9 million exceeded the IBES estimate of $121.8 million, indicating a wider loss than expected.
Investors showed particular concern about the company's forward guidance, with Archer projecting a first-quarter adjusted EBITDA loss of $160 million to $180 million. This figure significantly exceeds Wall Street's expectations of approximately $110 million and indicates higher-than-anticipated spending for early 2026. The disappointing results on both current performance and future outlook prompted the sharp decline in share price during pre-market trading.
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