Arcimoto Announces Full Year 2019 Financial Results and Provides Corporate Update
Arcimoto, Inc. (FUV)
Last arcimoto, inc. earnings: 11/14 06:22 am
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Source: Business Wire
EUGENE, Ore.--(BUSINESS WIRE)--Arcimoto, Inc.® (Nasdaq: FUV) (“Arcimoto” or the “Company”), makers of the Fun Utility Vehicle® (FUV®), an affordable, practical, and thrilling pure electric vehicle for everyday commuters and fleets, today provided a corporate update and announced financial results for the fiscal year ended December 31, 2019.The Company will be broadcasting a company update video as part of the webcast. The video can be viewed at https://youtu.be/Z3Zdm3bkll8.2019 and Recent Company Highlights:Arcimoto announced the completed Federal Motor Vehicle Safety Standards regulatory testing for its flagship FUV product and began commercial production of and delivery to its first retail customers on September 19, 2019. In total, Arcimoto manufactured 53 retail FUVs and delivered 46 units by the end of 2019. Notably, in Q4 alone, the Company built more vehicles than in the previous twelve years combined. Net pre-orders increased by 980 over the course of 2019 to a total of 4,1
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