Archer Guided to a $200 Million Quarterly Loss. It Has About $1.6 Billion.
Archer Aviation guided to a third-quarter adjusted EBITDA loss of $170 million to $200 million, following a $177.1 million loss in the second quarter. The company held $1.56 billion in cash, cash equivalents, and short-term investments at the end of June, down about $400 million over six months.
Why it matters — An ACHR watcher would care because the company is burning through cash at a significant pace, with guidance pointing to continued large quarterly losses and its cash reserves declining by roughly $400 million over six months.