AYRO Announces Third Quarter 2020 Financial Results
AYRO, Inc. (AYRO)
Company Research
Source: GlobeNewswire
AUSTIN, Texas, Nov. 06, 2020 (GLOBE NEWSWIRE) -- AYRO, Inc. (Nasdaq: AYRO) (“AYRO” or the “Company”), an engineer and manufacturer of light-duty, urban, and short-haul electric vehicles (EVs), today announces financial results for its third quarter of 2020. Q3 Financial Highlights: Revenues of $388,654Net Loss Attributable to Common Stockholders of ($3.1) millionAdjusted EBITDA loss of ($2.1) millionTotal debt of $241,399 as of September 30, 2020Total Cash of $27.9 million as of September 30, 2020 Operating Highlights: Established strategic manufacturing, engineering, and design partnership with Karma Automotive’s Innovation and Customization Center (KICC) that is targeted at having a capacity to deliver 20,000+ light-duty trucks and electric delivery vehicles over the next three years and is valued at more than $300 millionCompleted expansion of Austin manufacturing facility from 10,000 square feet to 24,000 square feet to increase production capacity from 200 electric
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AYRO
Earnings
- 11/20/23 - Miss
AYRO
Sec Filings
- 4/26/24 - Form 10-K/A
- 4/9/24 - Form 8-K
- 4/1/24 - Form 10-K
- AYRO's page on the SEC website