Arcimoto Announces First Quarter 2022 Financial Results and Provides Corporate Update
EUGENE, Ore., May 16, 2022 (GLOBE NEWSWIRE) -- Arcimoto , Inc. (NASDAQ: FUV), makers of rightsized, outrageously fun, ultra-efficient electric vehicles for moving people and stuff,today provided a corporate update and announced financial results for the first quarter ended March 31, 2022.
- EUGENE, Ore., May 16, 2022 (GLOBE NEWSWIRE) -- Arcimoto , Inc. (NASDAQ: FUV), makers of rightsized, outrageously fun, ultra-efficient electric vehicles for moving people and stuff,today provided a corporate update and announced financial results for the first quarter ended March 31, 2022.
- Arcimoto will host a stakeholder and analyst webinar today to discuss the companys results.
- Total revenues for the first quarter of 2022 decreased 53% to $650 thousand as compared to $1.4 million in the first quarter of 2021.
- Arcimoto has retained Ducera Partners LLC, a leading investment banking advisory practice, to raise capital and explore finance opportunities for Arcimoto.