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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Gross Profit | -21M | 6.1% |
| Cost of Revenue | 21M | 6.1% |
| Operating expense | 122M | 0.7% |
| Net Income | -115M | 7.9% |
| EBITDA | -119M | 0.2% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 652M | 34.6% |
| Total Liabilities | 184M | 22.5% |
| Total Equity | 468M | 40% |
| Shares Outstanding | 398M | 19% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | -97M | 20.7% |
| Cash from investing | -20M | 6.2% |
| Cash from financing | 258M | 360.9% |
EPS
Financial Highlights for Archer Aviation in Q3 '24
Gross Profit stood at -21M, marking a 6.1% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 21M, a -6.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 122M, showing a 0.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -115M, showing a -7.9% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was -119M, showing a -0.2% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Archer Aviation faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
