Overview
- Shares have dropped more than 45% from October highs, closing at $8.18 on November 7 after the quarterly update.
- The company posted a third-quarter net loss of $129.9 million on zero revenue.
- Archer raised $650 million through new stock, lifting total liquidity to above $2 billion.
- It bought Hawthorne Municipal Airport for $126 million in cash to serve as a future Los Angeles operations hub.
- Certification timing remains the key uncertainty, with first Type Inspection Authorization targeted by end-2025, as some investors rotate to Joby even as analysts keep a Strong Buy view with an average $12.43 target.