Arcimoto, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 1.11 million compared to USD 2.02 million a year ago. Net loss was USD 14.04 million compared to USD 16.96 million a year ago. Basic loss per share from continuing operations was USD 1.58 compared to USD 7.55 a year ago.
For the nine months, sales was USD 4.22 million compared to USD 4.17 million a year ago. Net loss was USD 34.14 million compared to USD 47.32 million a year ago. Basic loss per share from continuing operations was USD 4.43 compared to USD 23.16 a year ago.