Group 1 - The Trend Investing group focuses on trending and emerging themes, particularly in electric vehicles, EV metals supply chain, stationary energy storage, and AI [2] - The group consists of qualified financial personnel with over 20 years of experience in financial markets [2] - Full Tier subscribers receive early access to articles and exclusive content related to investing ideas and trends, especially in the EV sector [1] Group 2 - The article emphasizes the importance of conducting personal research and making independent investment decisions [4] - The analyst has disclosed a beneficial long position in shares of companies such as TESLA and BYD CO, indicating a vested interest in the performance of these stocks [3]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ | --- | --- | --- | |----------------------------------------------------------------------------------------------------|----------- ...

Restructuring and Operations - The company has implemented internal restructuring measures, resulting in a reduction to 14 full-time employees as of April 30, 2024[100]. - The company has terminated its master procurement agreement with Club Car, which historically accounted for a significant portion of sales, and is seeking new business partners for product distribution[105]. - The company relies on a single third-party supplier, Linamar, for critical components of the Vanish, and any disruption could materially impact operations[95]. - The company has committed to minimum purchase requirements under the Linamar manufacturing agreement, which could impact operations if not met[103]. - The company is currently evaluating its product development strategy, which may lead to significant changes affecting business and financial condition[95]. - The company is focused on developing and launching the AYRO Vanish, which is part of its strategic shift following the termination of the MPA with Club Car[93]. - The company is currently facing supply chain shortages affecting lithium-ion battery cells, integrated circuits, vehicle control chips, and displays, potentially delaying the availability of saleable vehicles[134]. Financial Performance - Revenue for the three months ended March 31, 2024, was $58,351, a decrease of 48.4% compared to $113,084 for the same period in 2023[121]. - Cost of goods sold increased by $963,415, or 438%, for the three months ended March 31, 2024, due to reduced vehicle sales and increased expenses related to inventory adjustments[123]. - Research and development expenses decreased by $1.37 million, or 64%, to $760,417 for the three months ended March 31, 2024, primarily due to the completion of R&D on the Vanish[124]. - Sales and marketing expenses decreased by $449,737, or 63%, to $268,355 for the three months ended March 31, 2024, due to reduced resources and winding down relationships with Club Car[125]. - General and administrative expenses increased by $219,009, or 7.7%, to $3.06 million for the three months ended March 31, 2024, primarily due to increased consultancy-related services[126]. - The net loss for the three months ended March 31, 2024, was $3,638,752, a decrease of $1,837,017 compared to a net loss of $5,475,769 for the same period in 2023[121]. - As of March 31, 2024, the company had $5.46 million in cash and cash equivalents, $10 million in restricted cash, and $23.64 million in marketable securities[128]. - The company used $4.68 million in cash for operating activities during the three months ended March 31, 2024, a decrease of $1.85 million compared to $6.54 million used in the same period in 2023[132]. - Cash used in investing activities increased by $22.73 million to $23.3 million for the three months ended March 31, 2024, compared to $0.57 million in 2023[133]. - An impairment of inventory adjustment of $766,248 was recorded in cost of goods sold related to the Vanish for the three months ended March 31, 2024[111]. Market and Competitive Landscape - The company faces risks related to market acceptance of its electric vehicles and competition from alternative technologies[95]. - There are no known trends, events, or uncertainties that are likely to have a material effect on the company's financial condition, other than those discussed[135]. - The company's critical accounting estimates have not changed materially from those previously reported in its Form 10-K[137]. - The company is evaluating options for strategic capital deployment, including potential partnerships and acquisitions in the electric vehicle market[129].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___ to ___ Commission file number: 001-34643 AYRO, INC. (Exact name of registrant as specified in its charter) Delaware 98-0204758 (State or other jurisdiction of incorporat ...

Core Insights - The electric vehicle (EV) market is experiencing significant growth, contrary to bearish sentiments, with notable sales increases from brands like Hyundai's Genesis and Mercedes Benz [1] Group 1: Company Highlights - Hyundai's luxury brand Genesis saw a 280% increase in EV sales last year, totaling 6,403 units [1] - Mercedes Benz sold 1,000 electric semi-trucks to Holcim, indicating strong demand in the commercial sector [1] Group 2: Emerging EV Stocks - Polestar, with a 48% stake from Volvo, is launching the Polestar 3 luxury SUV, which has a range of 300 miles and is expected to compete with Tesla's Model Y [2] - Ayro has developed the Vanish, a low-speed utility EV aimed at emission-free transportation, with strong demand evidenced by orders from a U.S. embassy and a Fortune 100 retailer [3][4] - Li Auto's hybrid plug-in vehicles have gained popularity in China, with December deliveries increasing by 23% month-over-month and 137% year-over-year, totaling 50,353 units [5] - Li Auto plans to launch the Mega, a large electric vehicle with a range of 435 miles, which could serve as a significant catalyst for the company's stock [6]

Ayro, Inc. (NASDAQ:AYRO) Q3 2023 Results Conference Call November 21, 2023 8:30 AM ET Company Participants Joey Delahoussaye - Core IR Tom Wittenschlaeger - Chief Executive Officer Dave Hollingsworth - Chief Financial Officer Conference Call Participants Brian Lantier - Zacks Small-Cap Research Operator Ladies and gentlemen, thank you for standing by. Good morning, and welcome to Ayro Inc. Third Quarter 2023 Financial Results and Corporate Update Conference Call. At this time, all participants are in a list ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Commission file number: 001-34643 AYRO, INC. (Exact name of registrant as specified in its charter) Delaware 98-0204758 (State o ...

Ayro, Inc. (NASDAQ:AYRO) Q2 2023 Earnings Call Transcript August 15, 2023 8:30 AM ET Company Participants Joey Delahoussaye - Core IR Thomas Wittenschlaeger - Chief Executive Officer David Hollingsworth - Chief Financial Officer Conference Call Participants Operator Ladies and gentlemen, thank you for standing by. Good morning, and welcome to the Ayro, Inc. Second Quarter 2023 Financial Results and Corporate Update Conference Call. At this time all participants are in a listen-only mode. [Operator Instructi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to __________ Commission file number: 001-34643 AYRO, INC. (Exact name of registrant as specified in its charter) Delaware 98-0204758 (State or oth ...

Ayro Inc. (NASDAQ:AYRO) Q1 2023 Earnings Conference Call May 9, 2023 8:30 AM ET Company Participants Thomas Wittenschlaeger - Chief Executive Officer David Hollingsworth - Chief Financial Officer Joey Delahoussaye - Core IR Conference Call Participants Brian Lantier - Zacks Matthew Policek - private investor Operator Ladies and gentlemen, thank you for standing by. Good morning and welcome to the Ayro Inc. first quarter 2023 financial results and corporate update conference call. At this time, all particip ...