Markets· August 16, 2026 at 05:07 p.m.
Archer Aviation Guides to $200 Million Q3 Loss, Holds $1.6 Billion in Cash
Key takeaways
- Archer Aviation expects a loss of $170 million to $200 million for Q3 2022
- The company holds $1.56 billion in cash as of June 2022
- Total operating expenses rose 61% year over year to $284 million
Air taxi maker Archer Aviation (NYSE: ACHR) expects an adjusted EBITDA loss of $170 million to $200 million for the third quarter, while holding $1.56 billion in cash as of June. The company's second-quarter sales were $5 million, with a net loss of $263 million. Total operating expenses rose 61% year over year to $284 million due to increased flight testing, certification work, and production of its Midnight aircraft. Archer is in the final phase of the FAA's type certification process for Midnight and plans to begin operations in California, Texas, and Los Angeles later this year.
