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    AYRO   US0547481087

AYRO, INC.

(AYRO)
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Ayro, Inc. Receives $2 Million Purchase Order for New Club Car Current EV Following Launch

06/08/2021 | 08:05am EDT

AYRO, Inc. announced the receipt of an initial purchase order valued at $2 million, subject to the terms and conditions of the Master Procurement Agreement executed March 13, 2019. This immediately follows the launch of the 2022 Club Car Current, the next generation of the Club Car 411 that features new options for improved safety and comfort in the same compact, customizable design that universities, restaurants, governments, hospitals, hotel resorts, sports stadiums, and airports across the U.S. have come to love. This first purchase order signals the strong, and immediate, demand for the Club Car Current as business sustainability goals and EV adoption increase. The Club Car Current fills the gap between full-sized trucks and small utility carts, which makes it ideal for low-speed logistics and cargo services in campus and urban environments. Similar to the previous generation, it is engineered for multiple bed options and accessories - van box, pickup truck with sides, flatbed configurations - for fleet versatility. It is also deemed road safe by the U.S. Department of Transportation and certified under California’s California Air Resource Board (CARB) Certification Program with “cleanest” scores for global warming and air quality of zero emission vehicles. Gallery Carts will customize the Club Car Current to support a wide range of on-board food and retail options, and Element Fleet Management will offer this vehicle alongside its financing, maintenance, roadside assistance, and other fleet services and solutions. This 2022 vehicle offers new features and improvements which provide owners and operators with the following: New body panel material composition, improving strength and durability for challenging environments; All new look consistent with the Club Car brand; Redesigned cab interior optimizing driver; nd passenger comfort—focus on creating more space and improved temperature management; Enhanced safety features conforming to FMVSS standards—e.g., pedestrian low-speed warning system; Tested and certified to SAE J2258 (LSV) and J2358 (Non-LSV) standards; All new accessory suite and bed options to expand use cases.


ę S&P Capital IQ 2021
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Financials (USD)
Sales 2021 4,55 M - -
Net income 2021 -28,5 M - -
Net Debt 2021 - - -
P/E ratio 2021 -4,39x
Yield 2021 -
Capitalization 131 M 131 M -
Capi. / Sales 2021 28,8x
Capi. / Sales 2022 5,73x
Nbr of Employees 26
Free-Float 85,1%
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Technical analysis trends AYRO, INC.
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Income Statement Evolution
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Buy
Mean consensus BUY
Number of Analysts 1
Last Close Price 3,60 $
Average target price 15,00 $
Spread / Average Target 317%
EPS Revisions
Managers and Directors
Rodney C. Keller President, Chief Executive Officer& Director
Curtis Smith Chief Financial Officer
Joshua Nathaniel Silverman Chairman
Zvika Joseph Independent Director
Gregory T. Schiffman Independent Director
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