Seeking Alpha is reporting that Archer Aviation has posted a widened second-quarter loss of $206 million, more than double the losses that it reported in the second quarter of 2024 , driven by increased operating expenses as well as ongoing development costs. Despite this, the company assured investors of its commitment to producing the Midnight aircraft, confirming on X that six examples are currently in production .

The initial report saw stock sliding by nearly 10% before rebounding. Notably, however, the company has robust liquidity and financial backing. Archer Aviation has nearly $1.7 billion in potential liquidity, which will allow it to ramp up production to 50 aircraft per year and execute its global launch goals. As such, while the company is losing money, its financial si

See Full Page