Arcimoto Inc   (FUV)

The Top-line plunged at the company amid the July to September 30 2023 three months

company announced third quarter of 2023 operating loss of $-7.625776 million

Published Feb 12 2024
CSIMarket Team / CSIMarket.com

By_Tabercil_from_Canadian_(Car_Show_080)__[CC-BY-SA-2.0_(http_creativecommons.org_licenses_by-sa_2.0)]_via_Wikimedia_CommonFor the fiscal span ending September 30 2023 company Deficit has extended of $-1.58 per share compare to $-0.38 a year prior and EPS improved from $-1.71 per share from the prior quarter.

The revenue faded by -45.151 % to $1.11 million from $2.02 million in the corresponding quarter a year prior and sequentially Revenue Tumbled by -36.93 % from $1.76 million.

The fall of top-line is relative to relative to on average Auto & Truck Parts industry, which posted a revenue gain during the same period.

In the fiscal span ending September 30 2023 Arcimoto Inc reported net deficit of $-14.043 million, instead of deficit of $-16.964 million in the corresponding quarter a year ago.
The level of inventories can be indicative of the future demand, in this case the inventories have declined to $10.9 millions at the FUV, from the previous quarter and relative to the same period a year before. The build up in accounts receivable is also a strong signal, and indicative for rising demand. The Accounts receivables were valued at $0.3 millions, this is more then in the preceding quarter.

Arcimoto Inc is expected to report next financial recent numbers on April 13, 2024.

Arcimoto Inc's ROI

Arcimoto Inc's Net Income Growth


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