AYRO Reports Year-End 2023 Financial Results and Provides Corporate Update [Yahoo! Finance]
AYRO, Inc. (AYRO)
Company Research
Source: Yahoo! Finance
delivery vehicles and solutions for micro distribution, micro-mobility, and last-mile delivery, today announces financial results for the year ended December 31, 2023, and provides a corporate update. "During the fourth quarter of 2023 and throughout the first quarter of 2024, we took various measures intended to streamline our operations and focused on minimizing our cash burn, which is expected to continue to decline dramatically in 2024 as we target a burn rate of approximately $1.5 million per quarter," said Josh Silverman, AYRO's Executive Chairman. "With a strong balance sheet, including $43 million in cash as of December 31, 2023, we are evaluating various alternatives in an effort to maximize shareholder value, including our Vanish vehicle, M&A and/or capital investment opportunities. We are confident that we will be able to deploy this cash to add value for our stakeholders. We look forward to providing further updates as developments warrant." For detailed information, p
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AYRO
News
- North America Low Speed Electric Vehicle Market is Poised to Surpass Valuation of USD 2,549.0 Million by 2032: Astute Analytica [Yahoo! Finance]Yahoo! Finance
- AYRO reported FY results, targets $1.5M burn rate per quarter [Seeking Alpha]Seeking Alpha
- AYRO Reports Year-End 2023 Financial Results and Provides Corporate UpdateAccesswire
- Automotive Homologation Service Market: Projected Growth to reach US$ 1,451.24 Million in 2024, Driven by 3.2% CAGR Towards US$ 1,988.66 Million by 2034 | FMI [Yahoo! Finance]Yahoo! Finance
- AYRO Cuts 'Substantial Number' of Jobs in Restructuring [MarketWatch]MarketWatch
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