Benzinga | Aug 16, 2021 04:03PM EDT

Arcimoto Q2 EPS $(0.23) Misses $(0.16) Estimate, Sales $717.00K Miss $2.09M Estimate; Had Cash And Cash Equivalents Of $38.5M As Of Jun. 30

Arcimoto (NASDAQ:FUV) reported quarterly losses of $(0.23) per share which missed the analyst consensus estimate of $(0.16) by 43.75 percent. This is a 53.33 percent decrease over losses of $(0.15) per share from the same period last year. The company reported quarterly sales of $717.00 thousand which missed the analyst consensus estimate of $2.09 million by 65.69 percent. This is a 167.00 percent increase over sales of $268.54 thousand the same period last year.