Arcimoto Inc. (FUV) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2034 WEST 2ND AVENUE EUGENE, OR 97402 |
| State of Incorp. | OR |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3751 - Motorcycles, Bicycles, and Parts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 463 | 16,971 | 39,451 | 6,082 | 4,903 | 7,824 | |||
| Cash and cash equivalents | 463 | 16,971 | 39,451 | 5,832 | 4,903 | 7,824 | |||
| Short-term investments | 250 | ||||||||
| Receivables | 263 | 3 | 17 | 244 | 1 | ||||
| Inventory, net of allowances, customer advances and progress billings | 12,324 | 7,856 | 5,104 | 3,734 | 1,704 | 195 | |||
| Inventory | 12,324 | 7,856 | 5,104 | 3,734 | 1,704 | 195 | |||
| Deferred costs | 24 | ||||||||
| Other current assets | 1,594 | 2,440 | 901 | 665 | 1,627 | 401 | |||
| Other undisclosed current assets | 1,439 | 2,739 | 1,030 | 945 | 6,247 | ||||
| Total current assets: | 16,083 | 30,033 | 46,503 | 11,671 | 8,233 | 14,667 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,337 | ✕ | ✕ | ||||||
| Property, plant and equipment | 29,823 | 24,339 | 6,645 | 4,733 | 5,810 | 2,434 | |||
| Intangible assets, net (including goodwill) | 9,045 | 9,886 | |||||||
| Intangible assets, net (excluding goodwill) | 9,045 | 9,886 | |||||||
| Deposits noncurrent assets | 120 | 117 | 102 | 42 | 42 | ||||
| Deferred costs | 24 | ||||||||
| Total noncurrent assets: | 40,325 | 34,366 | 6,747 | 4,775 | 5,852 | 2,434 | |||
| TOTAL ASSETS: | 56,408 | 64,399 | 53,250 | 16,446 | 14,085 | 17,101 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 8,124 | 4,368 | 636 | 1,156 | 964 | 920 | |||
| Accounts payable | 7,668 | 2,016 | 205 | 340 | 717 | 664 | |||
| Accrued liabilities | 456 | 2,352 | 431 | 816 | 246 | 256 | |||
| Deferred revenue | 111 | 127 | 31 | ✕ | ✕ | ||||
| Debt | 6,470 | 493 | 658 | 3,032 | 3,061 | ||||
| Derivative instruments and hedges, liabilities | |||||||||
| Customer refund liability | 817 | ||||||||
| Due to related parties | ✕ | 1,151 | |||||||
| Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 400 | ||
| Other undisclosed current liabilities | 2,731 | 2,825 | 1,493 | 2,155 | 455 | ||||
| Total current liabilities: | 17,325 | 8,614 | 2,914 | 7,525 | 4,479 | 1,319 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 6,709 | 648 | 1,514 | ||||||
| Long-term debt, excluding current maturities | 5,850 | 648 | |||||||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | 1,514 | |||
| Finance lease, liability | 858 | ✕ | ✕ | ||||||
| Liabilities, other than long-term debt | 1,009 | 9 | 50 | 86 | |||||
| Accounts payable and accrued liabilities | 265 | ||||||||
| Deferred revenue | 9 | 50 | 86 | ✕ | ✕ | ||||
| Operating lease, liability | 744 | ✕ | ✕ | ||||||
| Derivative instruments and hedges, liabilities | |||||||||
| Other undisclosed noncurrent liabilities | 2,228 | 1,954 | 1,225 | 25 | |||||
| Total noncurrent liabilities: | 7,717 | 2,237 | 2,652 | 1,310 | 1,539 | ||||
| Total liabilities: | 25,042 | 10,851 | 5,566 | 8,836 | 6,018 | 1,319 | |||
| Equity | |||||||||
| Equity, attributable to parent | 31,366 | 53,548 | 47,684 | 7,610 | 8,067 | 15,782 | |||
| Common stock | 184,682 | 150,503 | 100,236 | 43,574 | 30,103 | 27,178 | |||
| Additional paid in capital | 13,556 | 7,038 | 3,877 | 2,345 | 931 | 519 | |||
| Accumulated deficit | (166,872) | (103,992) | (56,429) | (38,308) | (22,966) | (11,915) | |||
| Other undisclosed equity | |||||||||
| Total equity: | 31,366 | 53,548 | 47,684 | 7,610 | 8,067 | 15,782 | |||
| TOTAL LIABILITIES AND EQUITY: | 56,408 | 64,399 | 53,250 | 16,446 | 14,085 | 17,101 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 6,558 | 4,386 | 2,176 | 988 | 95 | 127 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 127 | |
| Cost of revenue (Cost of Goods and Services Sold) | (23,254) | (8,251) | (2,911) | (128) | (78) | |||
| Other undisclosed gross profit | (17,149) | |||||||
| Gross profit: | (16,697) | (12,763) | (6,075) | (1,924) | (33) | 49 | ||
| Operating expenses | (42,798) | (38,879) | (11,341) | (12,532) | (10,989) | (3,343) | ||
| Operating loss: | (59,495) | (51,642) | (17,416) | (14,455) | (11,022) | (3,294) | ||
| Nonoperating income (expense) | (3,381) | (1,144) | 16 | 5 | 72 | 13 | ||
| Investment income, nonoperating | (282) | |||||||
| Other nonoperating income (expense) | (470) | 13 | ||||||
| Interest and debt expense | (801) | (721) | (892) | (101) | (34) | |||
| Loss from continuing operations before equity method investments, income taxes: | (63,676) | (52,785) | (18,121) | (15,342) | (11,051) | (3,315) | ||
| Other undisclosed income from continuing operations before income taxes | 801 | |||||||
| Loss from continuing operations before income taxes: | (62,875) | (52,785) | (18,121) | (15,342) | (11,051) | (3,315) | ||
| Income tax expense (benefit) | (4) | 2,934 | ||||||
| Loss from continuing operations: | (62,879) | (49,851) | (18,121) | (15,342) | (11,051) | (3,315) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | (49,851) | (18,121) | (15,342) | (11,051) | (3,315) | |
| Other undisclosed net income | 2,288 | |||||||
| Net loss: | (62,879) | (47,564) | (18,121) | (15,342) | (11,051) | (3,315) | ||
| Other undisclosed net income attributable to parent | 0 | |||||||
| Net loss attributable to parent: | (62,879) | (47,564) | (18,120) | (15,342) | (11,051) | (3,315) | ||
| Preferred stock dividends and other adjustments | ||||||||
| Other undisclosed net loss available to common stockholders, basic | ||||||||
| Net loss available to common stockholders, diluted: | (62,879) | (47,564) | (18,120) | (15,342) | (11,051) | (3,315) | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (62,879) | (47,564) | (18,121) | (15,342) | (11,051) | (3,315) | ||
| Comprehensive loss, net of tax, attributable to parent: | (62,879) | (47,564) | (18,121) | (15,342) | (11,051) | (3,315) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.