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Arcimoto Third Quarter 2022 Earnings: Misses Expectations

Arcimoto (NASDAQ:FUV) Third Quarter 2022 Results

Key Financial Results

  • Revenue: US$2.02m (up 35% from 3Q 2021).

  • Net loss: US$17.0m (loss widened by 47% from 3Q 2021).

  • US$0.38 loss per share (further deteriorated from US$0.31 loss in 3Q 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Arcimoto Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 51%. Earnings per share (EPS) also missed analyst estimates by 46%.

Looking ahead, revenue is forecast to grow 108% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Auto industry in the US.

Performance of the American Auto industry.

The company's shares are down 7.0% from a week ago.

Risk Analysis

It is worth noting though that we have found 6 warning signs for Arcimoto (1 is a bit unpleasant!) that you need to take into consideration.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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