Archer’s mission is to advance the benefits of sustainable air mobility. Archer’s goal is to move people throughout the world's cities in a quick, safe, sustainable, and cost-effective manner. Archer is designing and developing electric vertical takeoff and landing (eVTOL) aircraft for use in urban air mobility. Archer's team is based in Palo Alto, CA.
Company profile
Ticker
ACHR, ACHR-WT
Exchange
Website
CEO
Adam D. Goldstein
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Boeing • Joby Aviation • Lilium • AeroVironment • Vertical Aerospace • AgEagle Aerial Systems • Bantec • Eve Holding • AERWINS • UAS Drone ...
Former names
Atlas Crest Investment Corp.
SEC CIK
Corporate docs
Subsidiaries
Archer Aviation Operating Corp. • Archer Air LLC ...
IRS number
852730902
ACHR stock data
Latest filings (excl ownership)
8-K
Other Events
15 Mar 23
S-8
Registration of securities for employees
15 Mar 23
10-K
2022 FY
Annual report
15 Mar 23
8-K
Results of Operations and Financial Condition
9 Mar 23
8-K
In the Court of Chancery for the State of Delaware
27 Feb 23
8-K
Other Events
16 Feb 23
8-K
Amendments to Articles of Incorporation or Bylaws
7 Feb 23
8-K
Entry into a Material Definitive Agreement
9 Jan 23
424B3
Prospectus supplement
18 Nov 22
8-K
Regulation FD Disclosure
17 Nov 22
Latest ownership filings
4
Tosha Perkins
3 Mar 23
4
Thomas Paul Muniz
3 Mar 23
4
ANDY MISSAN
3 Mar 23
4
Mark Mesler
3 Mar 23
SC 13G/A
Capital International Investors
13 Feb 23
SC 13G/A
ARK Investment Management LLC
10 Feb 23
SC 13G
BlackRock Inc.
3 Feb 23
4
Brett Adcock
31 Jan 23
4
Brett Adcock
27 Jan 23
4
Brett Adcock
25 Jan 23
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
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| Net income | |||||
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| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | |
|---|---|---|---|---|
| Revenue | ||||
| Cost of revenue | ||||
| Operating income | ||||
| Operating margin | ||||
| Net income | ||||
| Net profit margin | ||||
| Cash on hand | ||||
| Change in cash | ||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 72.30 mm | 72.30 mm | 72.30 mm | 72.30 mm | 72.30 mm | 72.30 mm |
| Cash burn (monthly) | 14.37 mm | 56.22 mm | 36.03 mm | 28.95 mm | 533.33 k | 3.35 mm |
| Cash used (since last report) | 39.34 mm | 153.93 mm | 98.66 mm | 79.27 mm | 1.46 mm | 9.17 mm |
| Cash remaining | 32.96 mm | -81.63 mm | -26.36 mm | -6.97 mm | 70.84 mm | 63.13 mm |
| Runway (months of cash) | 2.3 | -1.5 | -0.7 | -0.2 | 132.8 | 18.8 |
Institutional ownership, Q4 2022
47.3% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 34 |
| Opened positions | 15 |
| Closed positions | 105 |
| Increased positions | 4 |
| Reduced positions | 8 |
| 13F shares | Current |
|---|---|
| Total value | 1.84 bn |
| Total shares | 84.10 mm |
| Total puts | 0.00 |
| Total calls | 752.47 k |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Adam D Goldstein | 27.86 mm | $113.38 mm |
| Brett Adcock | 26.07 mm | $70.40 mm |
| United Airlines | 9.08 mm | $90.03 mm |
| ARK Investment Management | 8.92 mm | $0.00 |
| UAL United Airlines | 3.05 mm | $18.41 mm |
| CVI Investments | 1.82 mm | $0.00 |
| Ionic Capital Management | 1.35 mm | $346.67 mm |
| CVI | 1.19 mm | $305.12 mm |
| D. E. Shaw & Co. | 875.34 k | $224.96 mm |
| Magnetar Financial | 508.33 k | $131.00 k |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 Mar 23 | Mark Mesler | Class A Common Stock | Payment of exercise | Dispose F | No | No | 2.95 | 116,960 | 345.03 k | 234,396 |
| 1 Mar 23 | Mark Mesler | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 331,356 | 0.00 | 351,356 |
| 1 Mar 23 | Mark Mesler | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 331,356 | 0.00 | 994,071 |
| 1 Mar 23 | Missan Andy | Class A Common Stock | Payment of exercise | Dispose F | No | No | 2.95 | 20,587 | 60.73 k | 182,968 |
| 1 Mar 23 | Missan Andy | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 62,500 | 0.00 | 203,555 |
| 1 Mar 23 | Missan Andy | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 62,500 | 0.00 | 625,000 |
| 1 Mar 23 | Tosha Perkins | Class A Common Stock | Payment of exercise | Dispose F | No | No | 2.95 | 8,235 | 24.29 k | 32,282 |
| 1 Mar 23 | Tosha Perkins | Class A Common Stock | Option exercise | Acquire M | No | No | 0 | 25,000 | 0.00 | 40,517 |
| 1 Mar 23 | Tosha Perkins | RSU Class A Common Stock | Option exercise | Dispose M | No | No | 0 | 25,000 | 0.00 | 150,000 |
| 1 Mar 23 | Thomas Paul Muniz | Class A Common Stock | Payment of exercise | Dispose F | No | No | 2.95 | 5,927 | 17.48 k | 1,608,562 |
News
Archer Confirms The Silicon Valley Bank Receivership Has No Impact On Its Business or Operations
13 Mar 23
12 Industrials Stocks Moving In Friday's Intraday Session
10 Mar 23
Benchmark Reiterates Buy on Archer Aviation, Maintains $12 Price Target
10 Mar 23
Earnings Scheduled For March 9, 2023
9 Mar 23
Earnings Outlook For Archer Aviation
8 Mar 23
Press releases
Archer Confirms the Silicon Valley Bank Receivership Has No Impact on Its Business or Operations
13 Mar 23
Archer Announces Fourth Quarter and Full Year 2022 Results
9 Mar 23
After Unveiling Its Production Aircraft, Midnight, Last November Archer Nears Completion of Its First Build
9 Mar 23
Archer To Report Fourth Quarter and Full Year 2022 Operating Update and Financial Results on March 9, 2023
23 Feb 23
Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Archer Aviation Inc. (ACHR) Investigation
10 Feb 23