Recent photo from Archer’s flight test facility in California
- UAE Launch remains on track for later this year with plans to deliver a piloted Midnight aircraft to the UAE this summer
- The Midnight “Launch Edition” program rolls out with its first two customers: Abu Dhabi Aviation and Ethiopian Airlines
- Partnering with Palantir to build artificial intelligence for the future of next-gen aviation technologies
- Total cash position surpasses $1B, leading the industry with Q1'25 spending landed within its guided range
SANTA CLARA, CA, May 12, 2025 - Archer Aviation Inc. (“Archer” or the “Company”) (NYSE: ACHR) today announced operating and financial results for the first quarter ended March 31, 2025. The Company issued a shareholder letter discussing those results, as well as its second quarter 2025 estimates.
Commenting on first quarter 2025 results, Adam Goldstein, Archer’s founder and CEO said:
“Archer’s pushing the boundaries of what’s possible and reshaping the future of aviation for years to come. This quarter, the team made strong progress across our civil and defense efforts as we continue to deepen our strategic partner relationships and prepare for commercialization in the UAE later this year.”
Live Webcast Details
Archer will host a live webcast to discuss its results at 2:00 p.m. Pacific Time today. The live webcast and replay is accessible via our investor relations website at investors.archer.com or conference call by dialing 404-975-4839 (domestic) or +1 833-470-1428 (international) and entering the access code 250266.
First Quarter Highlights
UAE Launch On Track | Archer plans to deliver its first Midnight aircraft to the UAE in the coming months for its planned deployment later this year. To support these launch efforts, Archer recently secured design approval for the first hybrid heliport in the UAE located in Abu Dhabi.
New “Launch Edition” Customers | During the previous quarterly results, Archer rolled out its “Launch Edition” program which aims to establish a pragmatic and repeatable playbook to deploy Midnight commercially to certain early adopter markets. During the quarter, Archer announced its first two customers: Abu Dhabi Aviation and Ethiopian Airlines.
AI Partnership With Palantir | Archer has forged a foundational partnership with Palantir to build artificial intelligence for the future of next-gen aviation technologies. The companies’ plans include the development of next-gen software utilizing AI to improve a range of aviation systems.
NYC Air Taxi Network With United | Last month, Archer hosted an event in New York City with United Airlines to share their plans to connect Manhattan with nearby airports using our Midnight aircraft, with the goal of allowing customers to replace one-to-two-hour drives with flights that take 5-15 minutes, potentially saving hours versus sitting in traffic.
First Quarter Financial Results
- A reconciliation of non-GAAP financial measures to the most comparable GAAP measures is provided below in the section titled “Reconciliation of Selected GAAP To Non-GAAP Results for Q1 2025.”
Second Quarter 2025 Financial Estimates
Archer’s financial estimates for second quarter of 2025 are as follows:
- Adjusted EBITDA to be a loss of $100 million to $120 million
We have not reconciled our Adjusted EBITDA estimates because certain items that impact non-GAAP metrics are uncertain or out of our control and cannot be reasonably predicted. In particular, stock-based compensation expense is impacted by the future fair market value of our common stock and other factors, all of which are difficult to predict, subject to frequent change, or not within our control. The actual amount of these expenses during 2025 will have a significant impact on our future GAAP financial results. Accordingly, a reconciliation of non-GAAP metrics is not available without unreasonable effort.
About Archer
Archer is designing and developing the key enabling technologies and aircraft necessary to power the future of aviation. To learn more, visit www.archer.com.
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