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Arcimoto: Q3 Earnings Insights

Benzinga Insights
·1 min read

Shares of Arcimoto (NASDAQ:FUV) fell 7.06% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 31.82% over the past year to ($0.15), which missed the estimate of ($0.13).

Revenue of $683,895 rose by 1953.06% from the same period last year, which missed the estimate of $940,000.

Outlook

Arcimoto hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Nov 16, 2020

View more earnings on FUV

Time: 05:00 PM

ET Webcast URL: https://us02web.zoom.us/webinar/register/WN_vQYFwl1QQVeCS3UM_B9lbg

Technicals

Company's 52-week high was at $8.89

52-week low: $0.97

Price action over last quarter: down 0.57%

Company Overview

Arcimoto Inc is engaged in the business of manufacturing ultra-efficient three-wheeled electric vehicles. The company's product includes - Fun Utility Vehicle (FUV), a pure electric solution that is a quarter of the weight, takes up a third of the parking space, and is more efficient than the average car. Its only operating segment being the design, development, manufacturing, and sales of electric vehicles. Geographically, it operates only in the United States.

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