Archer Aviation Inc

For the period ended Sep 30, 2024. Filed Nov 8, 2024.

About this filing

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$4.71-2.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Condensed Statements of Stockholders’ Equity

(In millions, except share data; unaudited)

Common Stock · Additional Paid-in Capital · AccumulatedOtherComprehensiveLoss
Class A · Class B · AccumulatedDeficit · Total
Shares · Amount · Shares · Amount
Balance as of December 31, 2023	265,617,341	$—	38,165,615	$—	$1,515.9	$(1,148.8)	$—	$367.1
Conversion of Class B common stock to Class A common stock	200,000	—	(200,000)	—	—	—	—	—
Issuance of restricted stock units and restricted stock expense	4,873,123	—	—	—	34.0	—	—	34.0
Exercise of stock options	186,529	—	66,760	—	—	—	—	—
Issuance of warrants and warrant expense	—	—	—	—	48.9	—	—	48.9
Exercise of warrants	4,503,845	—	—	—	—	—	—	—
Common stock issued under at-the-market program	6,569,896	—	—	—	33.9	—	—	33.9
Stock-based compensation	—	—	—	—	11.8	—	—	11.8
Net loss	—	—	—	—	—	(116.5)	—	(116.5)
Balance as of March 31, 2024	281,950,734	$—	38,032,375	$—	$1,644.5	$(1,265.3)	$—	$379.2
Conversion of Class B common stock to Class A common stock	882,379	—	(882,379)	—	—	—	—	—
Issuance of restricted stock units and restricted stock expense	3,189,570	—	—	—	6.5	—	—	6.5
Exercise of stock options	262,900	—	66,760	—	—	—	—	—
Issuance of warrants and warrant expense	—	—	—	—	2.0	—	—	2.0
Common stock issued under employee stock purchase plan	812,544	—	—	—	2.3	—	—	2.3
Common stock issued under at-the-market program	11,473,037	—	—	—	39.1	—	—	39.1
Stock-based compensation	—	—	—	—	11.9	—	—	11.9
Net loss	—	—	—	—	—	(106.9)	—	(106.9)
Other comprehensive loss	—	—	—	—	—	—	(0.1)	(0.1)
Balance as of June 30, 2024	298,571,164	$—	37,216,756	$—	$1,706.3	$(1,372.2)	$(0.1)	$334.0

Common Stock · Additional Paid-in Capital · AccumulatedOtherComprehensiveLoss
Class A · Class B · AccumulatedDeficit · Total
Shares · Amount · Shares · Amount
Conversion of Class B common stock to Class A common stock	1,261,544	—	(1,261,544)	—	—	—	—	—
Issuance of Class A common stock	1,380,520	—	—	—	4.7	—	—	4.7
Issuance of restricted stock units and restricted stock expense	2,694,470	—	5,002,306	—	4.1	—	—	4.1
Exercise of stock options	127,054	—	66,760	—	—	—	—	—
Issuance of warrants and warrant expense	—	—	—	—	2.2	—	—	2.2
Exercise of warrants	8,647,381	—	—	—	—	—	—	—
Common stock issued under stock purchase agreement	17,401,153	—	—	—	53.5	—	—	53.5
Common stock issued under at-the-market program	4,420,400	—	—	—	13.7	—	—	13.7
PIPE financing	49,283,582	—	—	—	158.0	—	—	158.0
Stock-based compensation	—	—	—	—	12.8	—	—	12.8
Net loss	—	—	—	—	—	(115.3)	—	(115.3)
Balance as of September 30, 2024	383,787,268	$—	41,024,278	$—	$1,955.3	$(1,487.5)	$(0.1)	$467.7

Consolidated Condensed Statements of Stockholders’ Equity

(In millions, except share data; unaudited)

Common Stock · Additional Paid-in Capital · AccumulatedOtherComprehensiveLoss
Class A · Class B · AccumulatedDeficit · Total
Shares · Amount · Shares · Amount
Balance as of December 31, 2022	177,900,738	$—	63,738,197	$—	$1,185.0	$(690.9)	$(0.8)	$493.3
Conversion of Class B common stock to Class A common stock	2,250,000	—	(2,250,000)	—	—	—	—	—
Issuance of restricted stock units and restricted stock expense	2,191,898	—	—	—	18.8	—	—	18.8
Exercise of stock options	316,116	—	233,190	—	0.1	—	—	0.1
Issuance of warrants and warrant expense	—	—	—	—	6.3	—	—	6.3
Common stock withheld related to net share settlement of equity awards	(786,342)	—	—	—	(2.3)	—	—	(2.3)
Stock-based compensation	—	—	—	—	6.3	—	—	6.3
Net loss	—	—	—	—	—	(113.1)	—	(113.1)
Other comprehensive income	—	—	—	—	—	—	0.7	0.7
Balance as of March 31, 2023	181,872,410	$—	61,721,387	$—	$1,214.2	$(804.0)	$(0.1)	$410.1
Conversion of Class B common stock to Class A common stock	14,109,310	—	(14,109,310)	—	—	—	—	—
Issuance of restricted stock units and restricted stock expense	1,834,274	—	—	—	16.2	—	—	16.2
Exercise of stock options	306,003	—	233,192	—	0.1	—	—	0.1
Issuance of warrants and warrant expense	—	—	—	—	4.5	—	—	4.5
Common stock withheld related to net share settlement of equity awards	(592,025)	—	—	—	(1.2)	—	—	(1.2)
Common stock issued under employee stock purchase plan	601,105	—	—	—	1.3	—	—	1.3
Common stock issued under stock purchase agreement	6,337,039	—	—	—	21.4	—	—	21.4
Stock-based compensation	—	—	—	—	7.9	—	—	7.9
Net loss	—	—	—	—	—	(184.1)	—	(184.1)
Other comprehensive income	—	—	—	—	—	—	0.1	0.1
Balance as of June 30, 2023	204,468,116	$—	47,845,269	$—	$1,264.4	$(988.1)	$—	$276.3

Common Stock · Additional Paid-in Capital · AccumulatedOtherComprehensiveLoss
Class A · Class B · AccumulatedDeficit · Total
Shares · Amount · Shares · Amount
Conversion of Class B common stock to Class A common stock	1,888,036	—	(1,888,036)	—	—	—	—	—
Issuance of Class A common stock	1,985,559	—	—	—	11.0	—	—	11.0
Issuance of restricted stock units and restricted stock expense	1,527,815	—	—	—	(49.8)	—	—	(49.8)
Exercise of stock options	269,385	—	233,190	—	0.1	—	—	0.1
Issuance of warrants and warrant expense	—	—	—	—	30.8	—	—	30.8
Exercise of warrants	2,942,778	—	—	—	—	—	—	—
PIPE financing	26,173,286	—	—	—	139.0	—	—	139.0
Stock-based compensation	—	—	—	—	8.7	—	—	8.7
Net loss	—	—	—	—	—	(51.6)	—	(51.6)
Balance as of September 30, 2023	239,254,975	$—	46,190,423	$—	$1,404.2	$(1,039.7)	$—	$364.5

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.