Arcimoto up after higher revenue, smaller loss

Arcimoto

18/05/2021 15:17

** EV maker's shares  FUV.O  up 2.75% at $8.21
    ** After market hours on Monday, co reported Q1 loss of 13
cents/shr, smaller than a 15 cent/shr loss a year earlier
 urn:newsml:reuters.com:*:nBw7T7TdVa
    ** Co says delivered record number of vehicles in Q1, and
began deliveries in Florida
    ** Q1 revenue more than doubles to $1.39 mln
    ** Both revenue and net loss, however, narrowly miss Street
estimates
    ** Two of five analysts rate the stock "buy" or higher and
the rest "hold"; their median PT is $8 - Refinitiv IBES data
    ** Stock down nearly 41% YTD

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com))