Arcimoto, Inc. Reports Q2 2023 Net Loss of $13.2 Million Amid $1.76 Million Revenue

Arcimoto, Inc.(FUV), an innovative elect ric vehicle manufacturer, has released its unaudited financial results for the second quarter (Q2) of 2023. The report reveals a net loss of $13.2 million for the quarter, accompanied by a revenue of $1.76 million. The company's financial statements also showcase its balance sheet and highlight key trends in its financial performance.

Net Loss Continues to Impact Arcimoto

Despite its revenue growth, Arcimoto faced challenges in managing its expenses, resulting in a net loss of $13.2 million for Q2 2023. This loss reflects an ongoing struggle to achieve profitability despite increased revenue.

Steady Revenue Growth Amidst Operating Loss