Embark Technology Inc   (EMBK)
Other Ticker:  
Price: $2.8800 $0.01 0.348%
Day's High: $2.88 Week Perf: 2.13 %
Day's Low: $ 2.87 30 Day Perf: 0.7 %
Volume (M): 132 52 Wk High: $ 3.19
Volume (M$): $ 379 52 Wk Avg: $2.83
Open: $2.87 52 Wk Low: $2.56

 Market Capitalization (Millions $) 68
 Shares Outstanding (Millions) 24
 Employees -
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -148
 Cash Flow (TTM) (Millions $) -118
 Capital Exp. (TTM) (Millions $) 10

Embark Technology Inc
Embark Technology Inc is a technology company that specializes in developing self-driving truck technology. They aim to provide a safe and efficient transportation solution for the trucking industry. The company focuses on integrating artificial intelligence and robotics to enable trucks to navigate autonomously on highways. Embark Technology Inc aims to revolutionize the trucking industry by reducing costs and increasing productivity through their innovative autonomous driving technology.

   Company Address: 321 Alabama St San Francisco 94110 CA
   Company Phone Number: 671-9628   Stock Exchange / Ticker: NASDAQ EMBK


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Embark Technology Inc

Embark Technology Inc Reports Operating Deficit of $-65.131 Million in First Quarter of 2023, Raises Concerns in the Market

In an earnings report released recently, Embark Technology Inc has revealed an operating deficit of $-65.131 million during the fiscal cycle of January to March 31 2023. While shareholders did not anticipate any changes at the top-line, the operating deficit observed by investors has raised concerns and caused some uncertainty within the market.
Despite the lack of reported revenue, it is clear that Embark Technology Inc has struggled with its finances thus far. In comparison to its standing in the Q1 2022, the company's operating deficit has increased significantly. This has led to a net deficit of $-63.062 million, which represents a significant decline from the previous fiscal year.



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