Recent Insider Transactions Derivative • May 20
Chief Technology Officer exercised options and sold US$818k worth of stock On the 18th of May, Thomas Muniz exercised options to acquire 137k shares at no cost and sold these for an average price of US$5.99 per share. This trade did not impact their existing holding. Since September 2025, Thomas' direct individual holding has increased from 1.33m shares to 1.43m. Company insiders have collectively sold US$6.3m more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • May 18
Consensus revenue estimates decrease by 35% The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from US$14.4m to US$9.36m. EPS estimate unchanged at -US$1.32 per share. Aerospace & Defense industry in the US expected to see average net income growth of 24% next year. Consensus price target down from US$10.94 to US$10.61. Share price fell 6.6% to US$6.05 over the past week. Live News • May 16
Archer Aviation Secures UAE eVTOL Milestone and Expands Global Air Taxi Order Book Archer’s Midnight aircraft has entered the UAE General Civil Aviation Authority’s Restricted Type Certificate program, becoming the first eVTOL to do so. This aligns with international standards and allows for limited commercial operations in the UAE as early as late 2024.
The company has progressed to Stage 3 of 5 in its FAA Type Certification process and is targeting initial U.S. operations in 2026. Planned roles include participation in the White House’s eVTOL Integration Pilot Program and serving as the Official Air Taxi Provider for the LA28 Olympic Games.
Q1 2026 results showed revenue of US$1.6 million and a reported loss of US$0.21 per share. The company expects an adjusted EBITDA loss of US$170 million to US$200 million in Q2, with liquidity near US$1 billion and an order backlog of about US$6 billion covering roughly 1,200 aircraft. This is supported by Stellantis and partnerships with NVIDIA, Palantir, Starlink and Anduril.
Taken together, Archer is moving its Midnight aircraft closer to commercial readiness in both the UAE and U.S., while building an order book and an ecosystem of technology and manufacturing partners.
The key trade-off for investors is that this growth plan relies on continued heavy spending and cash burn. Progress on certification, order conversion and future funding options remains central to the investment risk profile. Announcement • Apr 28
Archer Aviation Inc. to Report Q1, 2026 Results on May 11, 2026 Archer Aviation Inc. announced that they will report Q1, 2026 results After-Market on May 11, 2026 Announcement • Apr 21
Archer Aviation Inc., Annual General Meeting, Jun 26, 2026 Archer Aviation Inc., Annual General Meeting, Jun 26, 2026. Recent Insider Transactions • Mar 22
Chief Administrative Officer recently sold US$69k worth of stock On the 13th of March, Tosha Perkins sold around 11k shares on-market at roughly US$6.27 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$612k. Insiders have been net sellers, collectively disposing of US$1.4m more than they bought in the last 12 months. Announcement • Mar 20
Archer Aviation Inc. Announces Transition of Chief Administrative Officer Tosha Perkins to Senior Advisor, Effective April 17, 2026 Archer Aviation Inc. announced that Tosha Perkins will transition from her current role as Chief Administrative Officer to serve as a senior advisor to the Company effective April 17, 2026. Recent Insider Transactions • Mar 20
Chief People & Partnerships Officer recently sold US$69k worth of stock On the 13th of March, Tosha Perkins sold around 11k shares on-market at roughly US$6.27 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$612k. Insiders have been net sellers, collectively disposing of US$1.4m more than they bought in the last 12 months. Recent Insider Transactions • Mar 10
Chief Technology Officer recently sold US$612k worth of stock On the 5th of March, Thomas Muniz sold around 95k shares on-market at roughly US$6.46 per share. This transaction amounted to 6.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.2m more than they bought in the last 12 months. Announcement • Mar 10
Archer Aviation Announces Electric Air Taxi Operations in Texas, Florida and New York Archer Aviation announced that the US Department of Transportation and Federal Aviation Administration have selected its partners in Texas, Florida and New York to participate in the White House’s eVTOL Integration Pilot Program (eIPP), marking a major step toward bringing electric air taxis to market in the United States. The program creates a first-of-its-kind pathway to help bring the first new category of aircraft in nearly 80 years to market. Archer will now work directly with partners in Texas, Florida and New York to begin laying the groundwork for early Midnight operations in those states as soon as the second half of 2026. By enabling early operations in select markets, this program is designed to help industry, regulators and local stakeholders work together to build the operational playbook for safe, scalable deployment. Archer will now work across these locations—with its partners including the Texas Department of Transportation, the Florida Department of Transportation and the Port Authority of New York and New Jersey—to prepare for flights of its Midnight aircraft under the eIPP, including standing up local operating teams, infrastructure and procedures to ensure safe, measured deployment. Archer expects this effort to generate valuable operational experience that will help inform future deployments in the US and drive public acceptance, including as it continues to prepare for air taxi operations in Los Angeles for the 2028 Olympic Games. Much like robotaxi pilot programs across the US, this program allows Archer to work with federal regulators, states, and communities to both build trust and establish the playbook for safely scaling electric air taxis across the country. Midnight is Archer’s piloted electric air taxi designed to carry up to four passengers while producing less noise and emissions than a traditional helicopter. Midnight is built with redundant systems across the aircraft—including 12 total engines and propellers—allowing Archer to target similar levels of safety as commercial airliners. Archer’s goal is to enable passengers to replace 60-90 minute trips on the ground with quiet, all electric flights using Midnight, dramatically reducing travel times compared to traditional ground transportation and helping avoid growing levels of congestion. Major Estimate Revision • Mar 09
Consensus revenue estimates fall by 51% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from US$31.2m to US$15.3m. Forecast losses increased from -US$0.966 to -US$1.33 per share. Aerospace & Defense industry in the US expected to see average net income growth of 27% next year. Consensus price target down from US$11.61 to US$11.17. Share price fell 12% to US$6.26 over the past week. Announcement • Mar 06
Archer Aviation Inc. has filed a Follow-on Equity Offering in the amount of $54.08 million. Archer Aviation Inc. has filed a Follow-on Equity Offering in the amount of $54.08 million.
Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 8,000,000
Price\Range: $6.76 Buy Or Sell Opportunity • Mar 05
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to US$6.46. The fair value is estimated to be US$8.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 171% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 59% per annum. Earnings are also forecast to grow by 24% per annum over the same time period. Announcement • Feb 13
Archer Aviation Inc. to Report Q4, 2025 Results on Mar 02, 2026 Archer Aviation Inc. announced that they will report Q4, 2025 results After-Market on Mar 02, 2026 Announcement • Jan 27
Archer Aviation Inc. Files A Motion to Dismiss the Complaint Filed by Joby Aero, Inc. Against the Company Archer Aviation Inc. announced that on January 23, 2026, the company filed a motion to dismiss the complaint filed by Joby Aero Inc. against the Company, as previously disclosed on November 21, 2025. No hearing on the motion has been scheduled at this time. The Company intends to continue to vigorously defend this matter. Announcement • Dec 03
Archer Aviation Reveals Plans for Miami Air Taxi Network Archer Aviation revealed its plans for a Miami metropolitan area based air taxi network designed to transform how residents and visitors move across one of the nation's fastest growing regions. The network is also intended to offer efficient travel options between the region's three major international airports: Miami International Airport (MIA), Fort Lauderdale-Hollywood International Airport (FLL) and Palm Beach International Airport (PBI), as well as several strategic general aviation airports in the area. To support this mobility effort, Archer is working with leading infrastructure and real estate partners to ready existing helipad infrastructure and stand up new-build vertiports: Related Ross plans to partner with Archer to develop a vertiport within its West Palm Beach downtown development, creating a new premium mobility hub in the region's fastest-growing commercial center. Hard Rock Stadium, a premier sports and entertainment destination, and Apogee Golf Club, one of the country's most prestigious golf clubs, feature existing helipads that will be readied for electric operations, enabling air taxi. Hard Rock Stadium is home to the Miami Miami Miami Miami, the University of Miami Hurricanes, the Formula 1 Crypto.com Miami Grand Prix, Miami Open presented by Itau, and many other major global events. Dragon Global's Magic City Innovation District®? in Miami's Little Haiti plans to develop a vertiport site to bring air taxis to one of Miami's most ambitious mixed-use technology and innovation communities. Announcement • Nov 22
Joby Aero, Inc Files Complaint in the Superior Court of California in Santa Cruz County Against Archer Aviation Inc On November 18, 2025 Joby Aero Inc. filed a complaint in the Superior Court of California in Santa Cruz County against Archer Aviation Inc. (the “Company”) and one of its employees asserting claims of trade-secret misappropriation, breach of contract, interference with Joby’s contracts and prospective economic advantage, and related claims around the Company’s recent hiring of a former Joby employee. The Company disputes the allegations in the complaint and intends to vigorously defend itself. Recent Insider Transactions Derivative • Nov 20
Chief Technology Officer exercised options and sold US$679k worth of stock On the 17th of November, Thomas Muniz exercised options to acquire 91k shares at no cost and sold these for an average price of US$7.49 per share. This trade did not impact their existing holding. Since December 2024, Thomas' direct individual holding has increased from 1.12m shares to 1.33m. Company insiders have collectively sold US$25m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Nov 14
Archer Aviation Inc. Showcases In-Country eVTOL Flight Test Campaign in UAE as Part of Its Commercial Launch Edition Program Archer Aviation Inc. announced the successful completion of an in-country eVTOL flight test campaign, showcasing Midnight's full eVTOL flight envelope - including vertical takeoff, transition, and wingborne flight - in the UAE's local operating environment and over desert areas. The campaign marks a major step forward in the implementation of Abu Dhabi's Advanced Air Mobility (AAM) vision, developed under the supervision of the Integrated Transport Centre (ITC). In connection with this progress, Archer has now begun receiving payments under its definitive agreement with Abu Dhabi Aviation (ADA) related to its Launch Edition program. This marks another key step in Archer's expansion into the United Arab Emirates and is part of the company's Launch Edition commercialization program, which aims to make Abu Dhabi the first region in the world to begin commercial operations with Midnight. Archer's flight test campaign in Abu Dhabi successfully demonstrated key aspects of Midnight's performance and reliability under UAE-specific operating and environmental conditions, supporting the company's path toward operational readiness in the region. The tests were conducted in close coordination with the UAE's regulator, the General Civil Aviation Authority (GCAA), Integrated Transport Centre and Archer's operations partner, Abu Dhabi Aviation. In addition to flight test progress, Archer and its UAE partners continue to build momentum across aircraft certification and preparation for pilot training and aircraft maintenance. In October, Archer hosted the UAE's General Civil Aviation Authority (GCA) at its Headquarters in San Jose, CA for another week-long working session to continue to accelerate its regulatory pathway in the Emirates. Additionally, Archer's airline team has continued its work alongside Etihad Aviation Training to mature its operational readiness by advancing pilot training. Archer's commercial momentum also complements Abu Dhabi's recent announcement to develop an emirate-wide air taxi network of over 10 vertiport sites, under the supervision and coordination of the Integrated Transport Centre. Price Target Changed • Nov 13
Price target decreased by 7.0% to US$11.56 Down from US$12.44, the current price target is an average from 8 analysts. New target price is 45% above last closing price of US$7.96. Stock is up 86% over the past year. The company is forecast to post a net loss per share of US$0.96 next year compared to a net loss per share of US$1.42 last year. Announcement • Nov 07
Archer Aviation Inc. has filed a Follow-on Equity Offering in the amount of $650 million. Archer Aviation Inc. has filed a Follow-on Equity Offering in the amount of $650 million.
Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 81,250,000
Price\Range: $8
Discount Per Security: $0.3
Transaction Features: Registered Direct Offering Announcement • Oct 27
Archer Aviation Inc. to Report Q3, 2025 Results on Nov 06, 2025 Archer Aviation Inc. announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Nov 06, 2025 Recent Insider Transactions Derivative • Aug 20
Chief Technology Officer exercised options and sold US$847k worth of stock On the 18th of August, Thomas Muniz exercised options to acquire 86k shares at no cost and sold these for an average price of US$9.83 per share. This trade did not impact their existing holding. Since September 2024, Thomas' direct individual holding has decreased from 1.53m shares to 1.25m. Company insiders have collectively sold US$24m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Aug 19
Archer Aviation Completes 55 Mile Flight--Longest Yet For Piloted Midnight Aircraft Archer Aviation announced that its Midnight aircraft successfully completed its longest piloted flight to date, flying approximately 55 miles in 31 minutes at speeds exceeding 126 mph. The flight took place at Archer's flight test facility in Salinas, California, in front of United Airlines' Chief Financial Officer, Mike Leskinen, who led United Airlines' early investment in Archer. The flight was conducted as a conventional takeoff and landing mission. Four of Archer's test pilots are now regularly conducting test flights in Midnight, underscoring the program's continued progress and maturity. Midnight flight test pilots will continue to expand speed and duration, and test mission profiles that map to early commercial operations. This milestone follows a series of key developments in Archer's commercialization roadmap, including the continuation of its manufacturing ramp throughout the U.S. and the activation of its Launch Edition program in the UAE. Major Estimate Revision • Aug 13
Consensus revenue estimates fall by 93% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$10.8m to US$800.0k. Forecast losses increased from -US$0.919 to -US$1.10 per share. Aerospace & Defense industry in the US expected to see average net income growth of 28% next year. Consensus price target broadly unchanged at US$12.39. Share price was steady at US$10.25 over the past week. Major Estimate Revision • Aug 04
Consensus revenue estimates decrease by 15%, EPS upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$12.7m to US$10.8m. EPS estimate increased from -US$0.958 to -US$0.919 per share. Aerospace & Defense industry in the US expected to see average net income growth of 24% next year. Consensus price target broadly unchanged at US$12.17. Share price fell 3.3% to US$10.43 over the past week. Announcement • Jul 25
Archer Aviation Inc. to Report Q2, 2025 Results on Aug 11, 2025 Archer Aviation Inc. announced that they will report Q2, 2025 results After-Market on Aug 11, 2025 Announcement • Jul 13
Archer Aviation Inc. Announces Mark Mesler Steps Down from His Role as Chief Financial Officer, Effective July 7, 2025 Mark Mesler has stepped down from his role as Chief Financial Officer of Archer Aviation Inc. (the Company) effective July 7, 2025. Mr. Mesler has been on medical leave since September, 2024. Priya Gupta has served as Archer’s Chief Financial Officer and acting principal financial officer during his leave. Ms. Gupta will continue to serve in her same capacity and Mr. Harsh Rungta will continue to serve as the Company’s Senior Vice President, Finance and Chief Accounting Officer and principal accounting officer. Announcement • Jul 02
Archer Begins Test Flights in Abu Dhabi Archer announced the successful completion of an initial flight of its Midnight aircraft at Al Bateen Executive Airport in Abu Dhabi, marking a key milestone for its planned commercial deployment in the UAE and the expansion of its operations in the Middle East region. With the support of the Smart and Autonomous Systems Council (SASC), the flight was witnessed by senior leadership from the UAE General Civil Aviation Authority (GCAA), the Abu Dhabi Investment Office (ADIO), the Integrated Transport Centre, Abu Dhabi Aviation and Abu Dhabi Airports, along with representatives from Archer's regional partners. Focused on evaluating the aircraft's VTOL performance in UAE-specific conditions including temperature, humidity and dust exposure, the test flight allows Archer to validate readiness for commercial deployment. Following this milestone, Archer will expand its flight-testing program for Midnight in the region, gathering additional data to support its certification and commercialization plans in both the UAE and other key markets. The test flight supports Archer's Launch Edition commercialization program with Abu Dhabi Aviation, which aims to establish air taxi services in Abu Dhabi. The announcement comes as Archer continues to advance its certification and commercialization efforts in the UAE and beyond, building on recent achievements including regulatory design approval for the UAE'sfirst hybrid heliport at Abu Dhabi Cruise Terminal and ongoing partnerships with leading regional operators. The Launch Edition program represents Archer's approach to establishing commercial operations in key early aircraft markets. Abu Dhabi's role as Archer's first Launch Edition market positions the emirate as a global leader in urban air mobility deployment, demonstrating Abu Dhabi's commitment to innovative transport and sustainable mobility solutions. Announcement • Jun 13
Archer Aviation Inc. has filed a Follow-on Equity Offering in the amount of $850 million. Archer Aviation Inc. has filed a Follow-on Equity Offering in the amount of $850 million.
Security Name: Class A Common Stock
Security Type: Common Stock
Securities Offered: 85,000,000
Price\Range: $10
Discount Per Security: $0.37
Transaction Features: Registered Direct Offering Announcement • Jun 02
Archer Showcases Piloted Midnight Flight as It Advances to Next Phase of Flight Test Program Archer announced it has begun the next phase of Midnight's flight test program showcasing piloted flight. This phase builds on years of safe, autonomous flight testing across its various aircraft platforms, which validated its proprietary 12 tilt-6 VTOL configuration. Midnight cruised at speeds up to 125 mph and reached a maximum altitude of over 1,500 feet above ground level during the flight. The flight featured a conventional take-off and landing demonstrating the robustness of Midnight's landing gear that is capable of performing both vertical and conventional take-off and landing operations. Through its design and certification process, Archer, government regulators and its customers, both civil and defense, have identified the importance of being able to conduct both vertical and conventional take- off and landing as part of normal operations of the aircraft as CTOL provides operational flexibility and enhanced safety. During this phase of Midnight's flight test programs, Archer's test pilots will continue to test key elements of the aircraft, such as flight control responsiveness, stability and aerodynamic and control model validation in addition to gathering data to support its certification and commercialization efforts in both the U.S. and UAE. The piloted flight was flown by Archer Chief Test Pilot Jeff Greenwood who joined the company in 2021, providing valuable insight while focusing on cockpit design, including vendor selection for the display and other equipment. Before joining Archer, Greenwood served as a test pilot for Bell Textron, where he helped develop, test, and certify leading industry rotorcraft. A veteran, Greenwood served as a pilot in the United States Marine Corps for 13 years. During his tenure, he developed his passion for test piloting and was a graduate of the United States Naval Test Pilot School. Major Estimate Revision • May 19
Consensus revenue estimates decrease by 55%, EPS upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$28.1m to US$12.7m. EPS estimate increased from -US$1.04 to -US$0.958 per share. Aerospace & Defense industry in the US expected to see average net income growth of 20% next year. Consensus price target of US$11.39 unchanged from last update. Share price rose 51% to US$13.30 over the past week. Recent Insider Transactions Derivative • May 18
Chief Technology Officer exercised options and sold US$1.1m worth of stock On the 16th of May, Thomas Muniz exercised options to acquire 81k shares at no cost and sold these for an average price of US$12.99 per share. This trade did not impact their existing holding. Since September 2024, Thomas' direct individual holding has decreased from 1.53m shares to 1.17m. Company insiders have collectively sold US$23m more than they bought, via options and on-market transactions in the last 12 months. Announcement • May 05
Archer Aviation appoints Cristiano Tartaglione as Chief Operating Officer for UAE Operations Archer Aviation announced the hire of retired Brigadier General Cristiano Tartaglione as Chief Operating Officer for its operations in the United Arab Emirates. Tartaglione brings over 30 years of leadership experience from the Italian Air Force, where he commanded multinational air operations, led advanced jet maintenance programs, and accrued more than 3,500 flight hours as a fighter pilot. His diplomatic experience as Italy’s Defense Attaché to the UAE also established him as a trusted advisor within regional defense and aviation sectors. Following his military career, he advised global aerospace and defense companies on transformation and market entry strategies in the Middle East and Europe. Tartaglione will be responsible for leading Archer’s UAE-based operations, building and mentoring a local team, developing operational infrastructure, and ensuring compliance with UAE aviation regulations. He will work closely with the General Civil Aviation Authority (GCAA) and key partners to ensure the safe and timely launch of commercial electric air taxi services in the country and region. This hire highlights Archer’s commitment to delivering innovative and sustainable urban air mobility solutions across the Emirates. Most recently, the company secured design approval from the GCAA for the transformation of the Abu Dhabi Cruise Terminal helipad into the country’s first hybrid heliport for both helicopters and eVTOL aircraft. Announcement • Apr 29
Archer Aviation Inc. to Report Q1, 2025 Results on May 12, 2025 Archer Aviation Inc. announced that they will report Q1, 2025 results After-Market on May 12, 2025 Announcement • Apr 21
Archer Aviation Inc., Annual General Meeting, Jun 27, 2025 Archer Aviation Inc., Annual General Meeting, Jun 27, 2025. Announcement • Apr 04
Archer Aviation Inc. Appoints Harsh Rungta as Its Senior Vice President, Finance and Chief Accounting Officer, Effective March 31, 2025 On March 31, 2025, Archer Aviation Inc. announced the appointment of Harsh Rungta as its Senior Vice President, Finance and Chief Accounting Officer, effective immediately. In this role, Mr. Rungta will serve as the Company’s principal accounting officer. Mr. Rungta, 43, is joining the Company from Tesla Inc. where he most recently served as Director, Accounting Controllership. Mr. Rungta has served in this role since April 2024, and prior to that, he served as Tesla’s Director, Automotive Revenue & Energy Business Controller beginning in October 2018. Prior to Tesla, Mr. Rungta spent over twelve years at PricewaterhouseCoopers LLP working in their audit and assurance services practice. Mr. Rungta holds a Bachelor of Commerce degree from Delhi University, is a Chartered Accountant from India and a Certified Public Accountant (inactive) in California. Recent Insider Transactions Derivative • Apr 03
Chief Technology Officer exercised options and sold US$373k worth of stock On the 31st of March, Thomas Muniz exercised options to acquire 53k shares at no cost and sold these for an average price of US$7.04 per share. This trade did not impact their existing holding. Since June 2024, Thomas' direct individual holding has decreased from 1.45m shares to 1.17m. Company insiders have collectively sold US$22m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Mar 10
General Counsel & Secretary recently sold US$436k worth of stock On the 5th of March, Eric Lentell sold around 53k shares on-market at roughly US$8.19 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$15m more than they bought in the last 12 months. Major Estimate Revision • Mar 07
Consensus revenue estimates fall by 17% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$34.9m to US$29.1m. Forecast losses increased from -US$0.98 to -US$1.04 per share. Aerospace & Defense industry in the US expected to see average net income growth of 21% next year. Consensus price target of US$11.39 unchanged from last update. Share price fell 15% to US$7.52 over the past week. Recent Insider Transactions Derivative • Mar 06
Chief Technology Officer exercised options and sold US$764k worth of stock On the 4th of March, Thomas Muniz exercised options to acquire 99k shares at no cost and sold these for an average price of US$7.70 per share. This trade did not impact their existing holding. Since March 2024, Thomas' direct individual holding has decreased from 1.19m shares to 1.07m. Company insiders have collectively sold US$20m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Feb 27
Archer Aviation Unveils Midnight "Launch Edition" Commercialization Program with Abu Dhabi Aviation as First Customer Planning to Deploy Midnight 2025 Archer Aviation announced a "Launch Edition" commercialization program for its Midnight aircraft. The goal of this program is to establish a pragmatic and repeatable commercialization playbook to deploy Midnight in dozens of early adopter markets in advance of type certification of the aircraft by the FAA. Abu Dhabi Aviation (ADA) is Archer's first Launch Edition customer, with plans to deploy an initial fleet of Midnight aircraft later 2025. Archer personnel will now work together with Abu Dhabi Aviation to fly Midnight in the country in the coming months, targeting a passenger flight in Abu Dhabi later 2025. The two will also collaborate across pilot training, flight operations and community engagement. In addition to the Launch Edition aircraft, Archer also plans to provide ADA with a team of pilots, technicians and engineers to support the initial operational ramp, helping ensure a safe and efficient deployment. Archer also plans to provide backend software infrastructure and front-end booking application to help power urban air mobility operations during the Launch Edition program. The partnership between Archer and Abu Dhabi Aviation was formalized this week during a signing ceremony alongside the Abu Dhabi Investment Office, where Abu Dhabi Aviation signed a memorandum of understanding setting forth a framework to fund the deployment of the Midnight Launch Edition aircraft. Archer will continue to work closely with ADA, the General Civil Aviation Authority (GCAA) and its other established partners in the region on its goal of launching electric air taxis in Abu Dhabi 2025. Announcement • Feb 13
Archer Aviation Inc. to Report Q4, 2024 Results on Feb 27, 2025 Archer Aviation Inc. announced that they will report Q4, 2024 results After-Market on Feb 27, 2025 Announcement • Feb 11
Archer Aviation Inc. has filed a Follow-on Equity Offering in the amount of $301.75 million. Archer Aviation Inc. has filed a Follow-on Equity Offering in the amount of $301.75 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 35,500,000
Price\Range: $8.5
Transaction Features: Registered Direct Offering Announcement • Jan 22
Scott Howell Joins Archer Aviation Inc.'s Advisory Board to Advance Next-Gen Military Program Archer Aviation Inc. added Lieutenant General (Ret) Scott Howell to its Advisory Board to help guide its newly formed Archer Defense business unit. Lt. Gen. (Ret) Scott Howell is a highly decorated retired military leader whose time in service spanned Iraq, Afghanistan, the Pentagon and the White House. Notably, Howell helped accelerate the military’s organizational transformation while leading 14,000 Special Operations forces globally as the 15th Commander of Joint Special Operations Command. Previously, as Vice Commander for the U.S. Special Operations Command, he helped secure the largest-ever budget for the country’s most elite warfighters. Now in the private sector, Howell will continue his work with General Catalyst as an advisor focused on modern defense and intelligence. In addition to Lt. Gen. Howell, the advisory board is composed of Retired 3-star Lieutenant General David A. Krumm, Retired 2-star General Clayton M. Hutmacher, Retired 2-star General Bill Gayler, Retired 4-star General Steve Townsend, Retired Chief Warrant Officer (CW4) Michael J. Durant, Retired Director of Special Programs (Aviation) Geoff Downer, Retired Acquisition Executive, and U.S. Special Operations Command Jim Smith. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 43% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$374m net loss in 3 years). Significant insider selling over the past 3 months (US$15m sold). Major Estimate Revision • Jan 12
Consensus revenue estimates decrease by 16% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$590.0k to US$500.0k. EPS estimate unchanged at -US$1.24 per share. Aerospace & Defense industry in the US expected to see average net income growth of 31% next year. Consensus price target up from US$10.67 to US$11.33. Share price fell 22% to US$8.97 over the past week. Announcement • Dec 20
Archer Completes Construction of High-Volume Manufacturing Facility Archer Aviation Inc. announced that earlier this week it received the certificate of occupancy for its high-volume manufacturing facility, ARC, which is connected to the Covington Municipal Airport in Georgia. Archer is now working to complete the tooling load-in for the initial manufacturing line at this facility. Production is planned to begin in early 2025, with the goal of ramping to a rate of two aircraft per month by the end of the year. Archer built ARC in close partnership with Stellantis, and the two companies are continuing to progress their plans to mass-produce Archer’s Midnight aircraft. Stellantis is contributing capital, advanced manufacturing technology and expertise and experienced personnel with the goal of scaling this facility to 650 aircraft annually by 2030. ARC is where Archer plans to produce its all-electric vertical take-off and landing aircraft, Midnight, which is designed to offer passengers a sustainable, low-noise and safe alternative to ground transportation in congested cities around the world. Price Target Changed • Dec 13
Price target increased by 7.5% to US$10.33 Up from US$9.61, the current price target is an average from 9 analysts. New target price is 23% above last closing price of US$8.39. Stock is up 25% over the past year. The company is forecast to post a net loss per share of US$1.24 next year compared to a net loss per share of US$1.69 last year. Recent Insider Transactions • Nov 24
Founder recently sold US$15m worth of stock On the 21st of November, Adam Goldstein sold around 3m shares on-market at roughly US$4.94 per share. This transaction amounted to 58% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Adam has been a net seller over the last 12 months, reducing personal holdings by US$15m. Recent Insider Transactions Derivative • Nov 21
Chief Technology Officer exercised options and sold US$377k worth of stock On the 18th of November, Thomas Muniz exercised options to acquire 87k shares at no cost and sold these for an average price of US$4.31 per share. This trade did not impact their existing holding. Since March 2024, Thomas' direct individual holding has increased from 1.19m shares to 1.53m. Company insiders have collectively sold US$5.0m more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Nov 15
Consensus revenue estimates decrease by 60% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$1.71m to US$690.0k. EPS estimate unchanged at -US$1.25 per share. Aerospace & Defense industry in the US expected to see average net income growth of 24% next year. Consensus price target reaffirmed at US$9.06. Share price rose 5.7% to US$4.11 over the past week. Announcement • Oct 18
Archer Aviation Inc. to Report Q3, 2024 Results on Nov 07, 2024 Archer Aviation Inc. announced that they will report Q3, 2024 results After-Market on Nov 07, 2024 Announcement • Aug 22
Archer Aviation Inc. announced that it has received $220 million in funding from Stellantis N.V. On August 22, 2024, Archer Aviation Inc. closed the transaction. The company received gross proceeds of $220,000,000 of this $230,000,000 of additional capital raised since the end of Q2, with $10,000,000 remaining in the form of a committed investment from Stellantis N.V. that remains subject to shareholder approval which is expected to occur later this year. Recent Insider Transactions Derivative • Aug 20
Chief Technology Officer exercised options and sold US$342k worth of stock On the 19th of August, Thomas Muniz exercised options to acquire 91k shares at no cost and sold these for an average price of US$3.74 per share. This trade did not impact their existing holding. Since September 2023, Thomas' direct individual holding has increased from 1.17m shares to 1.45m. Company insiders have collectively sold US$4.7m more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Aug 16
Consensus EPS estimates upgraded to US$1.24 loss The consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -US$1.41 to -US$1.24 per share. Revenue forecast unchanged from US$2.05m at last update. Aerospace & Defense industry in the US expected to see average net income growth of 21% next year. Consensus price target of US$8.57 unchanged from last update. Share price fell 6.5% to US$3.73 over the past week. New Risk • Aug 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 58% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (58% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$474m net loss in 3 years). Share price has been volatile over the past 3 months (11% average weekly change). New Risk • Aug 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 2.4% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$499m net loss in 3 years). Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (41% increase in shares outstanding). Announcement • Aug 01
Archer Aviation Showcases Midnight Aircraft in Atlanta as It Nears Completion of Its High-Volume Manufacturing Facility in Covington, Georgia Archer Aviation Inc. provided an update on the construction progress of its high-volume manufacturing facility in Covington, GA, reaffirming an expected 2024 completion date. In preparation for this facility’s completion, last week Archer showcased its Midnight aircraft at Atlantic Aviation’s new terminal at DeKalb–Peachtree Municipal Airport. Guests included government officials from Georgia’s Office of the Governor, Georgia’s Congressional Offices, the City of Atlanta, Georgia’s State Legislature, the Federal Aviation Administration and other local governments. Archer completed the first build phase earlier this year—inclusive of grading and foundation work and is nearing completion of phase two—the erection of the exterior walls and roof. Phase three—interior fit out, and phase four—equipment load in and power on, are on track to be completed in the coming months. Once complete, this facility will be nearly 400,000 square feet and will support Archer’s planned production of up to 650 Midnight aircraft annually, which would make it one of the largest manufacturing facilities by volume in the aviation industry. Archer’s buildout is taking place in close partnership with Stellantis, with the companies continuing to progress their plans to mass-produce Archer’s Midnight aircraft together. Midnight, Archer’s electric vertical take-off and landing aircraft, represents the potential for a significant step change for aviation. Built around Archer’s proprietary electric powertrain, Midnight is designed to offer passengers a sustainable, low-noise and safe alternative to ground transportation: Travels at speeds up to 150 mph, turning hour-long ground commutes into minutes in the air, Designed for back-to-back flights of 20-50 miles with minimal charge time in between, 100x quieter than a helicopter at cruising altitudes—nearly inaudible from the streets below, Redundant systems across the aircraft allowing Archer to target similar levels of safety as commercial airliners, and Designed to carry a pilot, up to four passengers and carry-on luggage. Announcement • Jul 23
Archer Aviation Inc. to Report Q2, 2024 Results on Aug 08, 2024 Archer Aviation Inc. announced that they will report Q2, 2024 results After-Market on Aug 08, 2024 Announcement • Jun 20
Archer Aviation Inc. Announces Planned San Francisco Air Mobility Network Connecting Five Locations Across the Bay Area Archer Aviation Inc. announced plans for an air mobility network that will connect five strategic locations across the San Francisco Bay Area - South San Francisco, Napa, San Jose, Oakland, and Livermore. Archer’s network is anticipated to provide unprecedented connectivity to communities around the region, allowing people to replace one-to-two-hour drives to cities around the bay with flights that take 10-20 minutes. To anchor the network, Kilroy Realty Corporation, a leading U.S. landlord and developer with an 18 million square foot operating and development portfolio, recently signed a memorandum of understanding (MOU) with Archer identifying Kilroy Oyster Point – a 50-acre waterfront campus in South San Francisco – as a critical hub in Archer’s planned San Francisco Bay Area UAM network. The MOU focuses on exploring opportunities to construct a vertiport at the Kilroy Oyster Point development, an amenity-rich, mixed-use campus in the heart of the Bay Area biotech ecosystem. This will give Archer access to a takeoff and landing site in South San Francisco that will connect with planned Archer vertiport locations at Napa, San Jose, Oakland, and Livermore, where Archer has existing relationships with infrastructure and operations partners. This network is expected to open a new world of opportunity for Bay Area residents and visitors by providing efficient access to people, places, and events across the region. Kilroy is globally recognized for sustainability, building operations, innovation, and design, and is positioned to become the first developer in the U.S. to bring eVTOL operations to its tenants and their employees. The MOU supports the development of an Archer “Sea Portal'' - a waterfront mobility hub providing electric ferry service and eVTOL operations for all companies at Kilroy Oyster Point. The Sea Portal will be powered by renewable energy, offering unique air and sea-based transportation options to employees at the campus while furthering Kilroy and Archer’s innovations in sustainability. An initial launch location at Kilroy Oyster Point could open as early as the end of 2025 and the two companies are exploring potential expansion into other locations within Kilroy’s portfolio. Archer’s goal is to transform urban travel, replacing 60–90-minute commutes by car with estimated 10–20-minute electric air taxi flights that are safe, sustainable, low noise, and cost-competitive with ground transportation. Archer’s Midnight is a piloted, four-passenger aircraft designed to perform rapid back-to-back flights with minimal charge time between flights. 
