#faa

The post Archer Aviation (ACHR) Stock Surges Following Strong Q1 Results and FAA Certification Progress appeared on BitcoinEthereumNews.com. Key Takeaways First quarter revenue reached $1.6 million while adjusted EBITDA loss of $172.5 million came in better than Wall Street’s $175 million projection. The company’s net loss expanded to $217.7 million due to increased expenditures on FAA certification efforts, testing programs, and defense initiatives. Archer made history as the first eVTOL manufacturer to successfully complete the FAA’s Phase 3 Type Certification requirements. Cash reserves stood at approximately $1.8 billion at quarter-end, with the firm maintaining its 2026 U.S. launch target. Shares of ACHR climbed roughly 6% during extended trading hours, despite remaining 26% lower year-over-year. When Archer Aviation released its first quarter figures, seasoned observers understood that top-line performance wouldn’t tell the full story. With revenue coming in at just $1.6 million,