Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒ For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-39668 Archer Aviation Inc. (Exact name of registrant as specified in its charter) Delaware 85-2730902 (State or other jurisdiction of incorporation or (I.R ...

Q1 2024 Shareholder Letter UNLOCK THE SKIES™ 2 Key Systems Pass Rigorous Testing Final Assembly of First Conforming Aircraft Rapidly Progressing Multi-Hundred Million Dollar Framework Agreement To Accelerate UAE Launch We are putting Midnight’s systems and components through rigorous testing as part of its safety of flight readiness for our upcoming piloted flight tests later this year and in support of our ongoing FAA certification program. We have made significant progress on final assembly and integratio ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Archer Aviation Inc. (ACHR) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Archer Aviation currently has ...

Archer Aviation Inc. (ACHR) is slated to report first-quarter 2024 results on May 9 after the closing bell.          In the last reported quarter, the company incurred a loss of 29 cents per share, which came in wider than the Zacks Consensus Estimate for a loss of 27 cents per share.Factors to NoteIn January 2024, Archer Aviation’s Midnight electric vertical takeoff and landing (eVTOL) aircraft achieved a significant milestone with the Phase 1 completion of its flight test program. Additionally, Midnight’s ...

Flying car or electric vertical takeoff and landing (eVTOL) stocks have taken off in the past six months. There have been plenty of positive developments in the flying car space, which is why many of the stocks linked to the sector have taken off. Therefore, within a short time, the fantasy of flying cars is on the cusp of becoming our reality. Moreover, with the stock market in correction mode, it’s ideal to scoop up flying car stocks to buy on the dip.Though the sector is still in the genesis stage, it’s ...

Flying car stocks have faced a small correction in 2024, but don’t let that dissuade you, there are still options available that can triple. eVTOLs remain on track for 2025 commercialization. Manufacturing will continue to scale up and major players in the space will announce further certification wins. Therefore, it is reasonable to anticipate that the sector will experience a spike in demand as those goals approach. Those catalysts will continue to interest investors in the short term.Investors looking fo ...

Core Insights - Archer Aviation has signed a framework agreement with Abu Dhabi for the development of air taxi services in the UAE, which includes manufacturing, operations, and training [1] - The company aims to launch its air taxi service using the Midnight eVTOL in the UAE as early as next year [1] - Archer's CEO emphasized Abu Dhabi's commitment to becoming a global hub for urban air mobility, indicating strong support for the company's initiatives [1] Company Developments - The new air taxi deal is part of Archer Aviation's broader strategy to expand its commercial air taxi service, with similar agreements being signed in other regions [2] - As of Thursday afternoon, ACHR stock is down 1% with over 2 million shares traded, while the daily average trading volume is approximately 5.4 million shares [2]

Core Viewpoint - The flying car industry is poised for significant growth, with estimates suggesting it could reach a value of $9 trillion by 2050, similar to the early success of Tesla stocks [1] Group 1: EHang Holdings (EH) - EHang Holdings has received a production certificate from the Civil Aviation Administration of China, enabling mass production of eVTOL aircraft [2] - The company has conducted 39,000 demo and trial flights in 14 countries, indicating aggressive global expansion plans over the next 12 to 24 months [2][3] - EHang is establishing urban air mobility centers in Spain and Japan, and partnering in the UAE for smart city management [2][3] Group 2: Archer Aviation (ACHR) - Archer Aviation's stock has declined by 36% year-to-date, presenting a buying opportunity [5] - The company is on track for commercialization of eVTOL aircraft in the U.S. by 2025 and plans to begin trials in India next year [5] - Archer is developing a vertiport network in Dubai and Abu Dhabi, with plans to scale up operations through a new manufacturing facility in Georgia [5] Group 3: Joby Aviation (JOBY) - Joby Aviation expects FAA certification in the first half of 2025 and has completed three of five certification stages [6] - The company ended 2023 with a cash buffer of $1 billion, allowing for aggressive investments and plans to manufacture 500 eVTOL annually [6] - Joby has exclusive rights to operate air taxis in the UAE for six years and aims to expand its engagement with the U.S. Department of Defense [6]

Artificial intelligence (AI) may have been the name of the game for the past year or so, but it’s not the only game in town. Wall Street has been watching other sectors for growth opportunities, particularly as valuations have gotten into the nose-bleed section. As much of a rocketship as Nvidia (NASDAQ:NVDA) stock was, it was not cheap by any stretch. Even with shares in official correction territory and down 20% from their all-time high, the AI stock still goes for 65 times earnings, 32 times sales and 72 ...

Penny stocks can surprise.It’s just a matter of timing, whether waiting for few months or quarters for a big rally. And when the rally does come, multibagger returns are possible in a matter of weeks. While speculative activity in these stocks is high, the ideas are backed by fundamentals. Further, positive business catalysts are likely to trigger positive price-action.If an interest rate cut happens in the second half of 2024, it will be another catalyst for these penny stocks trending higher. Despite the ...