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2.1834537871955E-05 3.27518068079326E-05 0.00438874211227324 5.45863446800816E-05 -0.00434507303652914 -0.0425555143125395 -0.00489093648332937 -0.0332758357169371
Stock impact report

EXCLUSIVE: Eco Wave Power 2024 Earnings: 22% Topline Growth, Narrows Operating Losses [Yahoo! Finance]

Archer Aviation Inc. Class A (ACHR) 
Company Research Source: Yahoo! Finance
The company recorded its first revenues of $168 thousand from a wave energy project and $225 thousand in other income from a U.S. project demonstration and awards from EDF and Vital Voices, bringing total revenues and other income to $393 thousand, an increase of 21.7% in 2023. Operating expenses were $2.46 million, down by 7% from 2023. Also Read: Archer Aviation's Stellantis Deal, Launch Program Strengthen Growth Prospects, FAA Certification Looms R&D expenses increased by 4% to $536 thousand for the year. The company expects its costs to materially increase due to the planned implementation of its first U.S. project in the Port of Los Angeles, its first MW-scale project in Portugal, and its first pilot project in Taiwan. Sales and marketing expenses decreased by 19.7% to $301 thousand for the year. The company expects costs to increase as it materially adds more projects to its pipeline. General and administrative expenses increased by 0.5% to $1,773 thousand for the yea Show less Read more
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