Archer Aviation Inc (NYSE:ACHR) reported worse-than-expected fourth-quarter financial results after the bell Monday. Here’s a look at the details.
The Details: Archer Aviation reported quarterly losses of 34 cents per share which missed the analyst consensus estimate of losses of 28 cents by 21.43% and represents a 12.82% increase over losses of 39 cents per share from the same period last year.
“Our fourth quarter and full-year 2023 total operating expenses represent investments required to achieve the key elements of our commercialization plan. We continued to invest …