Archer Aviation Inc. introduced working and monetary outcomes for the second quarter ended June 30, 2025. The Firm issued a shareholder letter discussing these outcomes, in addition to its third quarter 2025 estimates.
Commenting on second quarter 2025 outcomes, Adam Goldstein, Archer’s founder and CEO stated:
“This quarter, we ramped plane manufacturing throughout our amenities in California and Georgia with six Midnight plane in manufacturing, together with three in ultimate meeting. Alongside main progress within the UAE, our choice because the Official Air Taxi Supplier of LA28 Olympic Video games, and two acquisitions to speed up our protection program, we’re executing from a place of energy with a sector main $1.7 billion of liquidity.”
Stay Webcast Particulars
Archer will host a dwell webcast to debate its outcomes at 2:00 p.m. Pacific Time right this moment. The dwell webcast and replay is accessible through Archer’s investor relations web site at buyers.archer.com or convention name by dialing 404-975-4839 (home) or +1 833-470-1428 (worldwide) and coming into the entry code 100811.
Second Quarter Highlights
Plane Manufacturing Ramps, With Manufacturing Certificates Effectively Underway
Archer is concurrently producing six Midnight plane throughout its provide chain, three of that are in ultimate meeting throughout its amenities. Archer is constructing these throughout its “golden manufacturing line” in Silicon Valley and its high-volume facility in Georgia. In parallel, the FAA continued conducting evaluations and inspections of Archer’s manufacturing operations as a part of the manufacturing certificates efforts.
LA 2028 Olympic Video games And White Home Government Order Advance U.S. Launch Plans
The LA 2028 Olympic Video games chosen Archer as its Official Air Taxi Supplier, serving to align Archer’s federal and native stakeholders round attaining the aim of FAA kind certification and scaled operations of Midnight. To allow this, Archer partnered with the U.S. Division of Transportation, the FAA and the White Home on an Government Order in June 2025 to advertise American “dominance” in eVTOL plane and create a Presidential mandate for early U.S. deployments as quickly as subsequent 12 months.
UAE Launch Version Takes Flight
Archer signed definitive agreements with its companions, Abu Dhabi Aviation and the Abu Dhabi Funding Workplace, to activate the primary of a number of deliberate Launch Version packages globally. As a part of this, Archer delivered its first Midnight plane to the UAE, commenced its flight check program in Abu Dhabi and expects preliminary business funds later this 12 months.
Accelerated Protection Program With Two Strategic Acquisitions
Archer Protection is seeing robust demand from 4 of the most important allied protection packages worldwide. In an effort to speed up its path to market, through the quarter Archer made two strategic acquisitions: a patent portfolio and important expertise from Overair, and specialised protection composite manufacturing belongings from Mission Crucial Composites in Southern California.
Second Quarter Monetary Outcomes
A reconciliation of non-GAAP monetary measures to probably the most comparable GAAP measures is supplied beneath within the part titled “Reconciliation of Chosen GAAP To Non-GAAP Outcomes for Q2 2025.”
Third Quarter 2025 Monetary Estimates
Archer’s monetary estimates for third quarter of 2025 are as follows:
Adjusted EBITDA to be a lack of $110 million to $130 million
We’ve not reconciled our Adjusted EBITDA estimates as a result of sure objects that affect non-GAAP metrics are unsure or out of our management and can’t be moderately predicted. Particularly, stock-based compensation expense and alter in honest worth of warrants is impacted by the longer term honest market worth of our widespread inventory and warrants together with different components, all of that are troublesome to foretell, topic to frequent change, or not inside our management. The precise quantity of those bills throughout 2025 could have a big affect on our future GAAP monetary outcomes. Accordingly, a reconciliation of non-GAAP metrics is just not accessible with out unreasonable effort.
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