Arcimoto, Inc. (NASDAQ:FUV) is set to announce third quarter earning results on Monday 16th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, FUV to report 3Q20 loss of $ 0.13 per share.
For the full year, analysts anticipate top line of $ 4.62 million, while looking forward to loss of $ 0.53 per share bottom line.
Previous Quarter Performance
Arcimoto, Inc. communicated loss for the second quarter of $ 0.15 per share, from the revenue of $ 0.27 million. The quarterly revenues escalated 800.00 percent compared with the same quarter last year. According to street consensus, FUV was expected to report 2Q20 loss of $ 0.13 per share from revenue of $ 1.39 million. The bottom line results missed street analysts by $ 0.02 or 15.38 percent, at the same time, top line results fell short of analysts by $ 1.12 million or 80.58 percent.
Stock Performance
On Friday, shares of Arcimoto, Inc. has traded high as $ 7.76 and has cracked $ 7.01 on the downward trend, reaching $ 7.55 with volume of 2.37 million shares.
According to the previous trading day, closing price of $ 7.55, representing a 603.09 % increase from the 52 week low of $ 0.97 and a 23.28 % decrease over the 52 week high of $ 8.89.
The company has a market capital of $ 237.94 million and is part of the Consumer Cyclical sector and Recreational Vehicles industry.
Conference Call
Arcimoto, Inc. will be hosting a conference call at 5:00 PM eastern time on 16th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.arcimoto.com
Arcimoto, Inc. designs, develops, manufactures, and sells three-wheeled electric vehicles. Its portfolio of electric vehicles includes Fun Utility Vehicle, Rapid Responder for a specialized emergency, security, and law enforcement services, and Deliverator for goods delivery operations.
