Previous Close | 3.0500 |
Open | 2.7500 |
Bid | 2.7000 x 3100 |
Ask | 2.7100 x 1100 |
Day's Range | 2.7000 - 2.8700 |
52 Week Range | 2.6400 - 13.2600 |
Volume | |
Avg. Volume | 883,396 |
Market Cap | 102.014M |
Beta (5Y Monthly) | 2.57 |
PE Ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
Image source: The Motley Fool. Arcimoto, Inc. (NASDAQ: FUV)Q2 2022 Earnings CallAug 15, 2022, 5:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Jesse Fittipaldi Good afternoon, everyone, and welcome to Arcimoto's Q2 2022 stakeholder update webinar.
Arcimoto, Inc. (FUV) delivered earnings and revenue surprises of -18.18% and 7.07%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Arcimoto reported a widening loss in the second quarter and said it will not meet its production target of 1,000 vehicles this year. Arcimoto reported raising another $9 million through stock sales after the end of the second quarter, giving it another two months’ cash (at best) at its recent spending rate. With the stock sales, the number of outstanding Arcimoto shares was up to 44.8 million as of Aug. 11, an increase of more than 17% since March 31.