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Archer Aviation reports Q1 loss but strong cash position

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Archer Aviation reports Q1 loss but strong cash position

Archer Aviation, a developer of electric vertical take-off and landing (eVTOL aircraft), reported a net loss of $113.1 million for the first quarter of the year (Q1 2023) as operating expenses hit $112 million. However, the company said it "continues to maintain a strong liquidity position with cash...

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