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 investments46316,97139,4516,0824,9037,824
Cash and cash equivalents46316,97139,4515,8324,9037,824
Short-term investments    250  
Receivables263317244 1
Inventory, net of allowances, customer advances and progress billings12,3247,8565,1043,7341,704195
Inventory12,3247,8565,1043,7341,704195
Deferred costs  24    
Other current assets1,5942,4409016651,627401
Other undisclosed current assets1,4392,7391,030945 6,247
Total current assets:16,08330,03346,50311,6718,23314,667
Noncurrent Assets
Operating lease, right-of-use asset1,337   
Property, plant and equipment29,82324,3396,6454,7335,8102,434
Intangible assets, net (including goodwill)9,0459,886    
Intangible assets, net (excluding goodwill)9,0459,886    
Deposits noncurrent assets1201171024242 
Deferred costs  24    
Total noncurrent assets:40,32534,3666,7474,7755,8522,434
TOTAL ASSETS:56,40864,39953,25016,44614,08517,101
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8,1244,3686361,156964920
Accounts payable7,6682,016205340717664
Accrued liabilities4562,352431816246256
Deferred revenue 11112731
Debt6,4704936583,0323,061 
Derivative instruments and hedges, liabilities      
Customer refund liability  817    
Due to related parties   1,151  
Customer advances and deposits400
Other undisclosed current liabilities2,7312,8251,4932,155455 
Total current liabilities:17,3258,6142,9147,5254,4791,319
Noncurrent Liabilities
Long-term debt and lease obligation6,709 648 1,514 
Long-term debt, excluding current maturities5,850 648   
Capital lease obligations1,514 
Finance lease, liability858   
Liabilities, other than long-term debt1,00995086  
Accounts payable and accrued liabilities 265     
Deferred revenue  95086
Operating lease, liability744   
Derivative instruments and hedges, liabilities      
Other undisclosed noncurrent liabilities 2,2281,9541,22525 
Total noncurrent liabilities:7,7172,2372,6521,3101,539 
Total liabilities:25,04210,8515,5668,8366,0181,319
Equity
Equity, attributable to parent31,36653,54847,6847,6108,06715,782
Common stock184,682150,503100,23643,57430,10327,178
Additional paid in capital13,5567,0383,8772,345931519
Accumulated deficit(166,872)(103,992)(56,429)(38,308)(22,966)(11,915)
Other undisclosed equity      
Total equity:31,36653,54847,6847,6108,06715,782
TOTAL LIABILITIES AND EQUITY:56,40864,39953,25016,44614,08517,101

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
Revenues6,5584,3862,17698895127
Revenue, net127
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)1657213
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 taxes801     
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.

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