- Discussing last week's Q4 and full-year financial results. In 2021, the company recorded a paltry $4.4 million in sales while cash usage reached a record $58.4 million.
- As of March 31, cash was down to just $7.2 million. The company will likely be required to start selling new common shares into the open market soon.
- Number of outstanding shares could increase by 40% over the course of this year.
- Discussing weak prospects for a much-needed ATVM loan which appears to be at the center of a holistic funding approach envisioned by management.
- Investors should abstain from chasing the shares at this point or consider selling existing positions.
For further details see:
Arcimoto - With Cash Running Low, Dilution Appears To Be Straight Ahead - Avoid