Archer Aviation (ACHR) Jumps 45% This Week on Q1 Beat, UAE Air Taxi Launch

Nauman khan

Fri, May 16, 2025, 10:53 AM 1 min read

Archer Aviation (ACHR) surged much than 8% connected Friday morning, bringing its play summation to 45%, aft posting stronger-than-expected first-quarter results and reaffirming plans to motorboat commercialized electrical aerial taxi flights successful the UAE aboriginal this year.

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The California-based institution posted a Q1 2025 nett nonaccomplishment of $93.4 million, narrowing from $116.5 cardinal a twelvemonth earlier. Loss per stock came successful astatine $0.17, topping expert estimates ranging from $0.22 to $0.28.

Cash and equivalents rose to $1 billion, up $196 cardinal from year-end 2024, supported by caller superior raises. The added liquidity strengthens Archer's propulsion to bring its Midnight eVTOL craft to market.

Archer has begun gathering its archetypal conforming units and expects to nutrient up to 10 craft this year. It plans to scope a complaint of 2 craft per period by year-end.

The institution besides highlighted ongoing enactment with partners including United Airlines (NASDAQ:UAL), Palantir Technologies (NASDAQ:PLTR), and Anduril Industries. These relationships span commercial, technology, and defence sectors.

Archer expects to present its archetypal Midnight craft to Abu Dhabi Aviation this summer, with commercialized work successful the UAE acceptable to statesman by Q4. Expansion plans are underway successful South Korea, Japan, and India.

This nonfiction archetypal appeared connected GuruFocus.