Archer Aviation Inc
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 8, 2024
ACHR$4.81+8.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Condensed Statements of Operations
(In millions, except share and per share data; unaudited)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Operating expenses | ||||
| Research and development | $89.8 | $67.8 | $263.1 | $196.9 |
| General and administrative | 32.3 | (21.6) | 122.4 | 140.6 |
| Other warrant expense | — | — | — | 2.1 |
| Total operating expenses | 122.1 | 46.2 | 385.5 | 339.6 |
| Loss from operations | (122.1) | (46.2) | (385.5) | (339.6) |
| Other income (expense), net | 1.4 | (10.4) | 31.3 | (19.7) |
| Interest income, net | 5.5 | 5.1 | 15.9 | 10.8 |
| Loss before income taxes | (115.2) | (51.5) | (338.3) | (348.5) |
| Income tax expense | (0.1) | (0.1) | (0.4) | (0.3) |
| Net loss | $(115.3) | $(51.6) | $(338.7) | $(348.8) |
| Net loss per share, basic and diluted | $(0.29) | $(0.19) | $(0.97) | $(1.35) |
| Weighted-average shares outstanding, basic and diluted | 397,521,078 | 277,683,468 | 350,787,818 | 258,770,262 |
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