Stock Track | Archer Aviation Plunges 5.05% After-Hours on Q4 Earnings Miss

Stock Track03-03

Archer Aviation Inc. (ACHR) experienced a significant after-hours plunge of 5.05% following the release of its fourth-quarter financial results.

The electric vertical takeoff and landing (eVTOL) air-taxi maker reported a quarterly loss of $0.26 per diluted share, which missed the FactSet consensus estimate of a $0.24 loss. Revenue for the quarter came in at $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. The disappointing results on both earnings and revenue metrics prompted the sharp decline in share price during after-hours trading.

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