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Chart is looking pretty good here imo. I like the crossovers. I have an urge to set my target to cross rthe 200 dma currently sitting @ 4.69. With some patience.
ACHR daily
Meanwhile their business plan keeps ticking along.
Archer Delivers First Midnight Aircraft To The United States Air Force
"This delivery represents a pivotal moment not only for Archer but for the future of military aviation," said Adam Goldstein, CEO of Archer Aviation. "Together, our goal is to prove Midnight’s potential and ensure the United States continues to lead the way with the world’s most advanced technology."
"Archer's Midnight aircraft has the potential to significantly enhance our operational capabilities," said Col. Elliott Leigh, AFWERX Director and Chief Commercialization Officer for the Department of the Air Force. "We look forward to continuing our work with our industry partners as we explore the ways that this advanced aircraft can contribute to the mission."
Correction: Archer Aviation Registers Secondary Sale of 49 Million Shares
08/15/2024 | 08:14am
(MT Newswires) -- (Corrects the headline and first paragraph to reflect that the stock sale was previously announced.)
Archer Aviation (ACHR) registered a secondary sale late Tuesday of up to roughly 49.3 million shares of its Class A common stock.
The company said the selling shareholders may offer, sell, or distribute the shares at varying prices.
The company will not receive any of the proceeds from the sale.
Company shares were down 1% in after-hours activity.
Price: 3.5300, Change: -0.01, Percent Change: -0.28
© MT Newswires 2024
I’m sure I hold in all cash no margin
You sure it isn't for the margin requirement?
Symbol Name Margin Maintenance Requirement3
ACHR ARCHER AVIATION INC Special Maintenance: 50%4
I've only been swinging this puppy long. So far I haven't been hit by any fees.
Sold out earlier today- Like I said, dilution is an anchor on pps.
Will continue to follow- and am sure the company will survive- just not sure
what the share structure will be when/if I buy back in. GLTA
August 13, 2024 at 05:17 pm EDT
Archer Aviation Unveils Secondary Sale of 49 Million Shares
(MT Newswires) -- Archer Aviation (ACHR) disclosed a secondary sale late Tuesday of up to roughly 49.3 million shares of its class A common stock.
The company said the selling shareholders may offer, sell, or distribute the shares at varying prices.
The company will not receive any of the proceeds from the sale.
Company shares were down 1% in after-hours activity.
Price: 3.5600, Change: -0.04, Percent Change: -1.11
https://www.marketscreener.com/quote/stock/ARCHER-AVIATION-INC-114338426/news/Archer-Aviation-Unveils-Secondary-Sale-of-49-Million-Shares-47641072/
I received a call today from Fidelity asking if I’d like to enroll into fully paid lending.
I said no, I guess they’re running very low on supply
It's not time for these companies yet, but it's getting close. Personally, I'm playing the long game. Buy the dip, little by little, and stack up those shares. The type of interest and funding they receive is very encouraging!
Short interest 64.15m shares 29.47% ff
25.39% average cost to borrow
The reaper needs to come for these short positions
That looked like an some organized shorting at the open.
Good news yet it still takes a dive at open ….. and no volume to boot. Don’t get me wrong…
I’m a big fan of the top 3 … joby, acher, and Lilim.. and maybe a few others..
Hopefully all certifications happen sooner than later to get these Vehicles up and flying… then production in large quantities to fill the multiple purchase orders each company has…. Still a ways to go and money is tight but I hope to see all of them succeed and become profitable.
Future Flight Global Announces Planned Purchase of up to 116 Archer Midnight Aircraft Worth up to $580M
August 13, 2024
Archer and Future Flight Global have signed a memorandum of understanding (MOU) for the planned purchase of up to 116 Midnight Aircraft worth up to $580M
Along with this MOU, Future Flight Global made an initial deposit, and the MOU sets out nearly $5M in pre-delivery payments to be paid upon the completion of the parties’ definitive aircraft purchase agreement
Future Flight Global was founded by members of the leadership team at Titan Aviation which has been operating business jets worldwide for over two decades
This aircraft purchase is planned to support the companies’ joint launch of electric vertical take-off and landing aircraft operations in key global markets
Archer’s indicative order book increases to nearly $6B *
SANTA CLARA, Calif.--(BUSINESS WIRE)-- Archer Aviation Inc. and Future Flight Global (FFG) today announced an agreement focused on the deployment of electric vertical take off and landing aircraft (eVTOL) services across top global markets.
Archer and Future Flight Global have signed a memorandum of understanding (MOU) for the planned purchase of up to 116 Midnight Aircraft worth up to $580M
The agreement includes the planned purchase by FFG of up to 116 of Archer’s Midnight aircraft, worth up to $580M. This brings Archer’s indicative order book to $6B.* The two companies are now working to formalize definitive agreements covering the intended aircraft purchases and strategic operating alliance, with nearly $5M in pre-delivery payments planned upon their completion.
Midnight , Archer’s electric vertical take off and landing aircraft, is designed to offer passengers a sustainable, low-noise and safe alternative to ground transportation. Archer’s goal is to transform urban travel, replacing 60–90 minute commutes by car in traffic with estimated 10–20 minute electric air taxi flights.
FFG, which has been under development for the past three years, is founded by members of the leadership team at Titan Aviation, including former CEO Karan Singh. Titan Aviation has been operating business jets under multiple air operator certificates worldwide for over two decades with deep experience catering to the world’s top executive travelers. FFG and Titan have a joint venture that will deploy and operate advanced air mobility assets globally.
Together, Archer and FFG plan to launch air taxi services in some of the largest markets globally, including Southeast Asia, Europe and the Middle East.
First, FFG will operate select routes within Archer’s planned air taxi service, leveraging Archer’s existing vertiport infrastructure network with partners such as Signature and Atlantic Aviation , and will collaborate with new vertiport partners to provide service in other high-demand locations.
Second, FFG will also seek to deploy Midnight to provide on-demand transit to their most high value clients——inclusive of corporations, hotels, governments and high net worth individuals.
To support these plans, Archer and FFG will work together on ecosystem development, infrastructure, regulatory engagement and demand generation.
“The aviation industry is on the cusp of its most exciting revolution in decades,” said Karan Singh, CEO and Founder of FFG. “We’re partnering with Archer to provide tailored, flexible aviation services to our top clients in some of the world’s most exciting destinations. Midnight’s versatility makes it well-suited to diverse routes and mission profiles, while also providing a world-class experience and operational efficiency that's attractive to our corporate clients.”
“This new agreement both grows our prospective order book to nearly $6B, and opens up Archer’s global reach to premium international markets,” said Andrew Cummins, Director of Business Development at Archer. “As our first private aviation partner, and with their deep ties in aviation and bold approach, FFG is positioned to be a new leader in modern aviation. Partnering with Karan and the team at FFG was an obvious choice and an ideal relationship for Archer.”
*Orders under the order book remain conditional, subject to the execution of further definitive agreements with each customer and the satisfaction of certain conditions. Order values represent the Company’s estimate based on an indicative $5M per aircraft price. This is only a prediction and actual results may differ materially due to a variety of factors.
Stellantis and Archer Aviation join forces
08/13/2024 | 07:02am
Copyright © BusinessAMBE 2023
Archer Aviation has announced an agreement in principle with Stellantis under which the automaker will provide up to $370 million in labor-related costs to support the production of Archer's flagship 'Midnight'. This funding will provide Archer with much-needed capital to produce up to 650 air cabs per year.
https://www.marketscreener.com/quote/stock/ARCHER-AVIATION-INC-114338426/news/Stellantis-and-Archer-Aviation-join-forces-47635946/
Dilution never stokes a buying frenzy😒
$2 tomorrow maybe even $1
Long live the Costanza curse
Down almost 10% on the news
For anyone not familiar with the dreaded LA freeway- this is a huge freakin' deal.
SANTA CLARA, Calif.--(BUSINESS WIRE)-- Archer Aviation Inc. announced today plans to launch a Los Angeles air mobility network—seeking to change how Southern California residents and visitors commute, travel and spend their free time.
Image above depicts simulated Archer air taxi operations over Los Angeles (Photo: Business Wire)
The goal is for passengers to be able to go to a nearby vertiport, or vertical take-off and landing location, and then fly 10-20 minutes in Archer’s Midnight aircraft to their destination of choice within the network—saving hours versus sitting in traffic.
Archer’s planned network includes vertiports at key locations such as Los Angeles International Airport (LAX), Orange County, Santa Monica, Hollywood Burbank, Long Beach and Van Nuys. Archer’s goal is to begin its LA network operations by as early as 2026.
As part of its network planning, Archer is coordinating with the Los Angeles Rams to collaborate on potential exclusive vertiports at Woodland Hills and at Hollywood Park, the near 300-acre district centered around the 3.1 million square-foot SoFi Stadium.
Aug. 8, 2024 4:27 PM ET •
Archer Announces Key
Terms Of Contract
Manufacturing
Relationship With
Stellantis-Representing
Up To ~$400M To Help
Scale Midnight
Production To 650 Aircraft Annually-Secures $230M In Additional Equity
Capital From Strategic & Institutional Investors
https://finance.yahoo.com/news/archer-announces-key-terms-contract-202700442.html
Archer Aviation (ACHR) to Post Q2 Earnings: What's in the Cards?
Aug 6, 202407:42 EDT
Archer Aviation Inc. ACHR is slated to report second-quarter 2024 results on Aug 8 after the closing bell. The company delivered an earnings surprise of 20.69% in the last reported quarter.
However, Archer Aviation has a negative four-quarter average earnings surprise of 19.29%. Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.
Factors to Note
In May 2024, Archer Aviation achieved the completion of its high-volume battery pack manufacturing line at its San Jose, CA, production facilities. This will help ACHR in the planned production ramp-up of its Midnight electric vertical takeoff and landing (eVTOL) aircraft. We may expect the upcoming results to reflect more benefits of this manufacturing line setup.
Archer Aviation Inc. Price and EPS Surprise
Archer Aviation Inc. price-eps-surprise | Archer Aviation Inc. Quote
Moreover, in June, the company received its Part 135 Air Carrier & Operator Certificate from the Federal Aviation Administration, which allows ACHR to start commercial operations of its Midnight aircraft. Once Archer Aviation releases its quarterly results, we shall get more updates on Midnight’s progress during the quarter to be reported.
With the company progressing efficiently toward its target to commercialize the Midnight aircraft in 2025, ACHR is likely to have incurred notable engineering development expenses to build and test the aircraft in the second quarter. This, in turn, is likely to have increased Archer Aviation’s operating expenses, thereby weighing on its quarterly earnings performance.
However, the technological advancement that ACHR has achieved over the past few years while developing the Midnight jet is likely to have provided it with operational efficiency, thereby aiding its quarterly bottom line.
The company’s cash flows from operating activities have been affected in the past couple of quarters by its cash investments to support the growth of its research and development activities related to its eVTOL aircraft, as well as the general and administrative functions necessary to support such activities. As Archer Aviation has not yet delivered any of its eVTOL jets, we expect its second-quarter results to reflect a similar trend for its cash flow figure.
Q2 Expectations
The Zacks Consensus Estimate for Archer Aviation’s second-quarter earnings is pegged at a loss of 28 cents per share, which indicates an improvement from the year-ago quarter’s reported loss of 62 cents per share.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for ACHR this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here, as you will see below.
Earnings ESP: ACHR has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, Archer Aviation carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
quarterly results.
https://www.tradingview.com/news/zacks:511d06283094b:0-archer-aviation-achr-to-post-q2-earnings-what-s-in-the-cards/
Indeed, I've taken advantage of a couple large dips to add shares to stocks I already own. Pretty sure I'll do well from them......................................eventually!
Quite the day. Last couple days really for the summertime volatility. Take advantage or not. Many on vacation missing out imo.
Glad I was able to take advantage. I've been waiting to get back in, that's for sure!!
As it makes a 180* mid-morning..........
Soaking up some premarket 3.90's. Next support 3.75 imo. Swing away ACHR
Because it's not playing perfectly bounce off 3.01$
Why not just draw a picture of a steaming pile of crap
https://www.tradingview.com/x/5iqAFlun/
Just did the redid chart....Looks like the .236 was the buy here not the .382 retrace
July 31, 2024 10:50 AM Eastern Daylight Time
Archer Aviation Showcases Midnight Aircraft In Atlanta As It Nears Completion Of Its High-Volume Manufacturing Facility In Covington, Georgia
https://www.businesswire.com/news/home/20240731140056/en/
The only TA that should be followed here is 100% retracement 100% of the time
What happened to our Elliot wave friend? That's OK, I think wave 4 still in play until $4.05 lol, gl, and don't bet the farm here imo...
Dropping s-3 the morning after conference call = sin...
Massive dump complete garbage
Going vertical, buying Elliot wave lol step 5 ...
Vertical takeoff and vertical landing
Archer to Report Second Quarter 2024 Operating Update and Financial Results on August 8,
2024
Jul. 22, 2024 4:05 PM ET • 1 min read
SANTA CLARA, Calif., July 22, 2024--(BUSINESS WIRE)--Archer Aviation Inc. (NYSE: ACHR) will report its second quarter 2024 operating update and financial results after market close on Thursday, August 8, 2024. The company will host a conference call and corresponding live webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss its operating update and financial results.
Webcast Information: To access the live webcast, visit the Archer investor relations website at investors.archer.com.
Conference Call Information: To listen to the conference call, dial +1 404-975-4839 (domestic) or +1 833-470-1428 (international), and enter the access code 013488.
A replay of the webcast will be available on the Archer investor relations website. In addition, a telephonic replay of the conference call will be accessible for one week following the call by dialing 866-813-9403 (domestic) or + 44 204-525-0658 (international), and entering the access code 304206.
About Archer
Archer is designing and developing electric vertical takeoff and landing aircraft for use in urban air mobility networks. Archer’s mission is to unlock the skies, freeing everyone to reimagine how they move and spend time. Archer's team is based in Santa Clara, CA. To learn more, visit www.archer.com.
Source: Archer
Text: ArcherIR
View source version on businesswire.com: https://www.businesswire.com/news/home/20240722636968/en/
Contacts
For Investors
investors@archer.com
For Media
Brian Gump
brian.gump@archer.com
California’s Alternative Energy And Advanced Transportation Financing Authority Grants Archer Industry Leading Award For Ramp Of Its Electric Powertrain Facility
Business Wire - Wed Jul 17, 1:06PM UTC
Archer Aviation Inc., a leader in the development of electric vertical takeoff and landing (eVTOL) aircraft, announced today that on Tuesday, July 16, 2024 it received approval from CAEATFA for its ~$117M project covering the planned expansion of its advanced manufacturing facilities in the State of California, including the ramp of its advanced electric powertrain facility as it readies for commercialization. The CAEATFA sales and use tax exclusion is expected to result in ~$10M in benefit to Archer over the next few years.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240717982467/en/
In May of this year, Archer announced the completion of installation of its high-volume battery pack manufacturing line at its facility in San Jose, California. Archer’s facility is designed for high-volume production from day one with the capability of producing up to 15,000 of Archer’s proprietary battery packs per year at full capacity. This facility will produce the battery packs needed to support the ramp up of Archer’s electric aircraft production planned for 2025 and beyond.
“We are proud to receive this award from CAEATFA and represent the cutting-edge of transportation innovation that the State of California is backing,” said Archer founder and CEO, Adam Goldstein. “As a leader in the electrification of aviation, we are working hard to help California meet its most ambitious climate goals.”
“America's global competitiveness is strongest when we embrace innovation into our daily lives,” said Congressman Eric Swalwell. “I applaud Archer’s leadership to draw more cutting-edge businesses to California while creating more jobs for American workers. Archer's advanced electric powertrain solutions will help power the future of sustainable aviation. I look forward to seeing the next groundbreaking discoveries from them here in our State.”
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 charging time between flights.
About Archer
Archer is a leader in the electrification of aviation. We are designing and developing the key enabling technologies and aircraft that are necessary to power the next great transportation revolution. Our goal is for our proprietary technology to deliver unprecedented connectivity to the people and places across the most congested cities in the world. To learn more, visit www.archer.com.
Forward-Looking Statements
This press release contains forward looking statements regarding Archer’s future business plans, including statements regarding its aircraft performance, production volume and expansion of its manufacturing facilities, and the timing of Archer’s development, commercialization, and certification of its eVTOL aircraft. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors. The risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed in Archer’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, available at www.sec.gov. In addition, please note that any forward-looking statements contained herein are based on assumptions that Archer believes to be reasonable as of the date of this press release. Archer undertakes no obligation to update these statements as a result of new information or future events.
Source: Archer
Text: ArcherIR
View source version on businesswire.com: https://www.businesswire.com/news/home/20240717982467/en/
How will the electric air taxi network impact Southwest Airlines' market share in urban areas?
The electric air taxi network is poised to enhance Southwest Airlines' market share in urban areas by offering a competitive edge through efficient and sustainable transportation options.
1.Market Share Enhancement: By integrating Archer's eVTOL aircraft into their operations, Southwest Airlines will be able to provide a unique and innovative transportation service, especially in busy urban areas where traditional ground transportation options face challenges due to traffic congestion. This move is expected to attract more customers, potentially increasing Southwest's market share in urban areas
2.Customer Experience Improvement: The electric air taxi network aims to offer a safe, low-noise, and cost-competitive transportation option with zero direct emissions, which aligns with Southwest's goal of providing an unparalleled customer experience. The enhanced travel experience, including faster airport transportation, could lead to increased customer satisfaction and loyalty, thereby expanding Southwest's market share.
3.Strategic Expansion: The partnership with Archer Aviation allows Southwest to assess future commercial activities in California and other Southwest locations, indicating a strategic expansion into markets where electric air taxis can provide a competitive advantage. This expansion is likely to contribute to Southwest's overall market share growth.
4.Market Positioning: By embracing electric air taxis, Southwest will position itself as a leader in sustainable and efficient transportation, which is becoming increasingly important to consumers. This shift in market positioning could attract new customers and retain existing ones, thereby increasing Southwest's market share in urban areas.
5.Operational Efficiency: Collaborating with Archer and other stakeholders to develop a concept of operations for integrated electric air taxi networks will ensure efficient operations and seamless integration with Southwest's existing flight network. This operational efficiency is expected to contribute to Southwest's ability to capture a larger market share in urban areas.
In conclusion, the electric air taxi network is expected to positively impact Southwest Airlines' market share in urban areas by leveraging the benefits of eVTOL technology, enhancing the customer experience, and positioning Southwest as a leader in sustainable transportation. These factors are likely to attract new customers and retain existing ones, leading to a higher market share.
What are the projected costs and revenue benefits of the electric air taxi network for Southwest Airlines?
The projected costs and revenue benefits of the electric air taxi network for Southwest Airlines can be analyzed as follows:
1.Costs:
Investment in eVTOL Aircraft: Southwest has committed to a $1 billion order from United Airlines for Archer's eVTOL aircraft, indicating a significant upfront cost.
Infrastructure Development: The implementation of the electric air taxi network will require the development of vertiports, charging infrastructure, and air traffic management systems, which could involve substantial capital expenditures.
Operational Costs: The annual operating costs for the eVTOL aircraft, including maintenance, pilot salaries, insurance, and electricity, are estimated to be $24,770,3504.
2.Revenue Benefits:Increased Revenue Passenger Miles: As the electric air taxi network expands, it is likely to increase Southwest's revenue passenger miles, as it offers a faster and more efficient way to reach airports in urban areas5.
Enhanced Market Position: By being at the forefront of sustainable transportation and urban air mobility, Southwest may attract new customers and retain existing ones, potentially leading to higher revenue and market share6.
Cost-Competitive Transportation: The eVTOL aircraft aims to offer a cost-competitive transportation option, which could attract price-sensitive customers and contribute to higher revenues.
Door-to-Door Service Integration: The collaboration with Archer may allow Southwest to offer a door-to-door service, potentially increasing customer convenience and loyalty, thereby boosting revenues.
In conclusion, while the implementation of the electric air taxi network comes with significant upfront costs, the revenue benefits could include increased revenue passenger miles, enhanced market position, cost-competitive transportation, and the integration of a door-to-door service. These benefits, combined with Southwest's commitment to sustainability and innovation, position the airline favorably for future growth and profitability in the evolving transportation landscape.
Chart looks like Elliot wave?..bought .645 for trade ...
Kick myself for failing to buy greystone $13's, abandoned hopes in management ACHR, alas do I see Elliot wave here? To buy warrants .63, 4, 5? For trade ..
Yup lol....I have my crypto and one other penny stock lol....This one might be a dud but I'm doing very good thanks to front loading crypto
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We set ambitious goals. We make data-driven decisions, hold ourselves and each other accountable and are committed to relentless execution.
Urban mobility is about to be taken to a whole new dimension. Designed to be capable of flying distances of up to 100 miles,
but optimized to conduct back to back flights of ~ 20 miles with ~12 minutes of charge time in between, at a cost that we believe will be competitive with ground based ride share.
Midnight is aiming to redefine what air travel can be: low cost, low noise, with the safety of commercial airlines.
by six independent battery packs, each supporting a pair of electric engines
Midnight was designed from the start with safety in mind. To achieve our desired levels of safety, redundancy is key. Midnight’s avionics system includes four flight control computers,
with redundant inertial navigation, GNSS and AGL sensors to ensure robust and reliable data to the pilot.
Each pair of forward and aft electric engines are independently powered, helping to ensure the aircraft can safely complete a flight should an entire battery pack fail.
Designed to hold a 1,000+lbs of payload, the aircraft can truly handle four passengers plus a pilot.
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