FUV · Arcimoto Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.02M | $1.76M | - | - | - | - | - | - | $1.50M | $717.4K |
| Cost of Revenue | $2.96M | $3.52M | $2.94M | - | $6.99M | $6.10M | $4.05M | - | - | $3.25M |
| Gross Profit | ($1.85M) | ($1.76M) | ($1.59M) | - | ($4.96M) | ($4.60M) | ($3.40M) | - | ($3.36M) | ($2.53M) |
| R&D | $1.16M | $1.54M | $1.02M | - | $3.19M | $3.72M | $3.91M | - | - | $2.65M |
| SG&A | $3.08M | $2.50M | $3.21M | - | $4.10M | $3.79M | $2.70M | - | $3.06M | $2.59M |
| Total Operating Expenses | $5.77M | $5.52M | $5.89M | - | $13.96M | $10.57M | $9.53M | - | $8.23M | $6.82M |
| D&A | $629.0K | $677.0K | $914.8K | - | $412.0K | $378.0K | $707.5K | - | - | - |
| Operating Income | ($7.63M) | ($7.29M) | ($7.48M) | - | ($18.92M) | ($15.18M) | ($12.93M) | - | ($11.59M) | ($9.35M) |
| Interest Expense | $715.6K | $210.7K | $101.1K | - | $84.9K | $124.2K | $49.7K | - | $51.7K | $47.3K |
| Income Tax | - | $7.0K | $0 | - | $0 | $3.2K | $0 | - | - | $150 |
| Net Income | ($14.04M) | ($13.21M) | ($6.89M) | - | ($16.96M) | ($17.40M) | ($12.95M) | - | ($11.51M) | ($8.25M) |
| EPS - Basic | ($1.58) | ($1.71) | ($1.06) | - | ($0.38) | ($0.23) | ($0.34) | - | - | - |
| EPS - Diluted | ($1.58) | ($1.71) | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $232.8K | $1.35M | $3.76M | $462.8K | $4.22M | $5.01M | $5.23M | $16.97M | $32.98M | $38.47M |
| Accounts Receivable | $346.9K | $98.4K | $66.8K | $262.6K | $332.1K | $324.2K | $124.1K | $127.9K | $38.4K | $28.0K |
| Inventory | $10.89M | $11.06M | $12.01M | $12.32M | $12.29M | $11.44M | $8.99M | $7.86M | $6.32M | $6.27M |
| Accounts Payable | $5.66M | $6.01M | $6.47M | $7.67M | $2.71M | $2.76M | $1.02M | $2.02M | $806.1K | $1.39M |
| Current Assets | $13.60M | $15.22M | $18.88M | $16.08M | $25.34M | $24.10M | $20.17M | $30.03M | $44.01M | $48.05M |
| Total Assets | $50.07M | $53.13M | $57.82M | $56.41M | $65.64M | $62.73M | $57.28M | $64.40M | $83.46M | $86.53M |
| Current Liabilities | $29.49M | $25.41M | $20.46M | $17.32M | $19.78M | $9.84M | $8.34M | $8.61M | $5.97M | $6.46M |
| Long-term Debt | - | - | - | $1.35M | - | - | - | $1.19M | - | - |
| Total Liabilities | $38.61M | $32.69M | $27.47M | $25.04M | $27.62M | $19.55M | $11.51M | $10.85M | $8.06M | $8.29M |
| Stockholders' Equity | $7.16M | $20.44M | $30.35M | $31.37M | $38.02M | $43.18M | $45.77M | $53.55M | $75.40M | $78.24M |
| Retained Earnings | ($201.01M) | ($186.97M) | ($173.76M) | ($166.87M) | ($151.31M) | ($134.35M) | ($116.95M) | ($103.99M) | ($80.93M) | ($69.42M) |
Cash Flow
| Line item | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($5.33M) | - | - | - | ($13.47M) | - | - | - |
| Investing Cash Flow | - | - | $432.7K | - | - | - | ($1.49M) | - | - | - |
| Financing Cash Flow | - | - | $8.20M | - | - | - | $3.21M | - | - | - |
| CapEx | - | - | $7.9K | - | - | - | $1.49M | - | - | - |
| Free Cash Flow | - | - | ($5.34M) | - | - | - | ($14.96M) | - | - | - |
Ratios
| Metric | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | -91.5% | -100.2% | - | - | - | - | - | - | -224.1% | -352.8% |
| Operating margin | -376.7% | -414.0% | - | - | - | - | - | - | -773.6% | -1303.8% |
| EBITDA margin | -345.7% | -375.5% | - | - | - | - | - | - | - | - |
| Net margin | -693.8% | -750.3% | - | - | - | - | - | - | -768.3% | -1149.6% |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | 0.78 | - | - | - | 1.15 | - | - | - |
| R&D / Revenue | 57.5% | 87.4% | - | - | - | - | - | - | - | 368.9% |
| SG&A / Revenue | 152.0% | 142.2% | - | - | - | - | - | - | 204.4% | 360.6% |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -28.0% | -24.9% | -11.9% | - | -25.8% | -27.7% | -22.6% | - | -13.8% | -9.5% |
| Return on equity | -196.0% | -64.6% | -22.7% | - | -44.6% | -40.3% | -28.3% | - | -15.3% | -10.5% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.46 | 0.60 | 0.92 | 0.93 | 1.28 | 2.45 | 2.42 | 3.49 | 7.37 | 7.44 |
| Quick ratio | 0.09 | 0.16 | 0.34 | 0.22 | 0.66 | 1.29 | 1.34 | 2.57 | 6.31 | 6.47 |
| Cash ratio | 0.01 | 0.05 | 0.18 | 0.03 | 0.21 | 0.51 | 0.63 | 1.97 | 5.53 | 5.96 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | 0.04 | - | - | - | 0.02 | - | - |
| Debt / Assets | - | - | - | 0.02 | - | - | - | 0.02 | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -10.7x | -34.6x | -73.9x | - | -222.7x | -122.2x | -260.0x | - | -224.3x | -197.5x |
| Equity multiplier | 6.99 | 2.60 | 1.91 | 1.80 | 1.73 | 1.45 | 1.25 | 1.20 | 1.11 | 1.11 |
| Liabilities / Assets | 0.77 | 0.62 | 0.48 | 0.44 | 0.42 | 0.31 | 0.20 | 0.17 | 0.10 | 0.10 |
| Efficiency | ||||||||||
| Asset turnover | 0.04 | 0.03 | - | - | - | - | - | - | 0.02 | 0.01 |
| Inventory turnover | 0.27 | 0.32 | 0.24 | - | 0.57 | 0.53 | 0.45 | - | - | 0.52 |
| Days sales outstanding | 63d | 20d | - | - | - | - | - | - | 9d | 14d |
| Days inventory outstanding | 1341d | 1145d | 1490d | - | 642d | 684d | 810d | - | - | 704d |
| Days payable outstanding | 697d | 622d | 803d | - | 141d | 165d | 92d | - | - | 156d |
| Cash conversion cycle | 707d | 543d | - | - | - | - | - | - | - | 563d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | 119.1% | 167.1% |
| Revenue CAGR (3y) | 43.6% | 87.2% | - | - | - | - | - | - | 537.1% | 103.3% |
| Revenue CAGR (5y) | 222.6% | 83.2% | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 62.7% | 61.7% | 53.2% | - | -47.8% | -82.0% | -83.6% | - | -146.5% | -169.1% |
| Operating income growth (YoY) | 59.7% | 52.0% | 42.2% | - | -63.2% | -62.3% | -69.2% | - | -151.2% | -184.5% |
| Net income growth (YoY) | 17.2% | 24.1% | 46.8% | - | -47.4% | -111.0% | -173.1% | - | -147.9% | -122.7% |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | 64.3% | - | - | - | -143.5% | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -81.2% | -52.7% | -33.7% | -41.4% | -49.6% | -44.8% | -36.5% | 12.3% | 201.3% | 445.8% |
Peer comparison
Same SIC group: Motorcycles, Bicycles & Parts
Comparing Arcimoto Inc against the 5 most active filers in the same SIC group.