Your New NASDAQ Stock Profile Is Arcimoto, Inc. (NASDAQ: FUV)
One Analyst Price Target Is $10.00/share [Found Here](
Must See Shareholder Letter [Found Here](
June 10th, 2020
Hello FierceAnalyst Member,
Your latest stock profile is a red hot tech stock by the name of Arcimoto, Inc. The technology behind their electric utility vehicles is mind boggling. Not to mention the analyst coverage following this stock.
Read everything below now...
About Arcimoto:
Headquartered and manufactured in Eugene, Oregon, Arcimoto, Inc. (NASDAQ: FUV) is devising new technologies and patterns of mobility that together raise the bar for environmental efficiency, footprint and affordability. Available for pre-order today, Arcimoto’s Fun Utility Vehicle is one of the lightest, most affordable, and most appropriate electric vehicles suitable for the daily driver. For more information, please visit www.arcimoto.com.
Arcimoto, Inc. designs, develops, manufactures, and sells three-wheeled electric vehicles. Its portfolio of electric vehicles includes Fun Utility Vehicle; Rapid Responder for a specialized emergency, security, and law enforcement services; and Deliverator for delivery of goods. The company was formerly known as WTP Incorporated and changed its name to Arcimoto, Inc. in December 2011. Arcimoto, Inc. was founded in 2007 and is headquartered in Eugene, Oregon.
Since going public on Nasdaq in September 2017, we built out a state-of-the-art production facility in the Arcimoto Manufacturing Plant, completed regulatory compliance for the Fun Utility Vehicle, initiated production in September 2019, and are now delivering vehicles to our early customers. Pilot programs are underway with the Deliverator and the Rapid Responder, with production of those vehicles set to begin in late 2020.
#1 Potential Catalyst That Could Drive Enormous
Shareholder Value Is Analyst Price Targets
#1.) HC Wainwright Analyst [Price Target of $7.00]( (Approx. 100%+ Potential Upside)
#2.). Chardan Capital Analyst [Price Target of $10.00]( (Approx. 175% Potential Upside)
#2 Potential Catalyst That Could Drive Enormous
Shareholder Value Is Company Size
How Big Of A Company Is Arcimoto?
Arcimoto has a market capitalization of $64.36 million and generates $990,000.00 in revenue each year. The company earns $-15,340,000.00 in net income (profit) each year or ($0.85) on an earnings per share basis. Arcimoto employs 67 workers across the globe
#3 Potential Catalyst That Could Drive Enormous
Shareholder Value Is Institutional Investors Buying Stock
WHICH INSTITUTIONAL INVESTORS ARE BUYING ARCIMOTO STOCK?
FUV stock was purchased by a variety of institutional investors in the last quarter, including Valeo Financial Advisors LLC, Greatmark Investment Partners Inc., and BlackRock Inc.. Company insiders that have bought Arcimoto stock in the last two years include Douglas M Campoli, Jeff Curl, Mark Frohnmayer, and Terry L Becker.
#4 Potential Catalyst That Could Drive Enormous
Shareholder Value Are Major Players Buying Stock
WHO ARE ARCIMOTO'S MAJOR SHAREHOLDERS?
Arcimoto's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (0.18%), Valeo Financial Advisors LLC (0.16%) and Greatmark Investment Partners Inc. (0.12%). Company insiders that own Arcimoto stock include Douglas M Campoli, Jeff Curl, Mark Frohnmayer and Terry L Becker
#5 Potential Catalyst That Could Drive Enormous
Shareholder Value Are Recent Company Highlights
- Arcimoto announced the completed Federal Motor Vehicle Safety Standards regulatory testing for its flagship FUV product and began commercial production of and delivery to its first retail customers on September 19, 2019. In total, Arcimoto manufactured 53 retail FUVs and delivered 46 units by the end of 2019. Notably, in Q4 alone, the Company built more vehicles than in the previous twelve years combined. Net pre-orders increased by 980 over the course of 2019 to a total of 4,197 as of December 31.
- At the end of 3Q19, the Company signed its first rental franchise in Key West with R-KEY-MOTO, LLC and subsequently delivered its first 8 FUVs to the franchisee by the end of 2019, intended for use by tourists.
- Early in 4Q19, the Company delivered the first of what is planned to be 40 FUVs to GoCar Tours of San Francisco for GPS-guided tours.
- The Company made its first international shipment of FUVs as part of its agreement with New Zealand-based EV Distributors to deliver a minimum of 160 Arcimoto vehicles over the next four years.
- Arcimoto participated in several tradeshows and events in 2019, including showcasing the Rapid Responder™ at the Wall Street Journal Future of Everything Festival, addressing the Canaccord Genuity Future of Transport Conference at the Singularity University’s Exponential Manufacturing Summit in Bangkok, Thailand, as well as presenting at multiple investor conferences, including the 12th Annual LD Micro Main Event, Dougherty & Co. Institutional Investor Conference, and 9th Annual LD Micro Invitational.
- Arcimoto was featured in dozens of media pieces during 2019 and now 2020, including Forbes, Ars Technica, Tom’s Guide Mashable, Cheddar, and Portland Business Journal.
- Arcimoto reached an agreement for Road America to provide nationwide 24-hour roadside assistance and access to its network of 170,000 pre-certified repair centers to FUV owners.
- Arcimoto has initiated pilot programs for the Company’s fleet-based platform offerings with the Eugene-Springfield Fire Department for the Rapid Responder™ and with local nonprofit Carry It Forward for the Deliverator™. The Company has signed a contract to expand the Deliverator™ pilot program to include a major national grocer in Q2 2020.
#6 Potential Catalyst That Could Drive Enormous
Shareholder Value Is Full Year 2019 Financial Results
Total revenues in 2019 were up 940% to $987,850 as compared to $94,996 in 2018. Sources of revenue in 2019 were $891,356 from the sale of vehicles, including $20,015 of which was with a related party, $49,760 from vehicle delivery charges and merchandise sales, $44,675 from machining and metal work services, and $2,059 from parts and service. The increased revenue in 2019 was largely driven by the sale and delivery of 46 Evergreen Edition FUVs.
The Company incurred a net loss of $15.3 million, or ($0.85) per share, in 2019 versus a net loss of $11.1 million, or ($0.70) per share, in 2018. The increased loss is attributable to additional research and development expenses and expenses incurred to ramp up manufacturing capacity, including the hiring of 25 employees during 2019, offset by lower sales and marketing costs.
The Company had $5.8 million in cash and cash equivalents as of December 31, 2019, compared to $4.9 million cash and cash equivalents as of December 31, 2018.
#7 Potential Catalyst That Could Drive Enormous
Shareholder Value Are Business Plans For 2020
Arcimoto CEO Provides 2019 Business Recap and Outlines Plans for 2020
January 13, 2020 01:23 PM Eastern Standard Time
EUGENE, Ore.--(BUSINESS WIRE)--Arcimoto, Inc.® (NASDAQ: FUV), a leading manufacturer of ultra-efficient three-wheeled everyday electric vehicles, today provided the following business update from the Company’s CEO, Mark Frohnmayer.
Arcimoto CEO Provides 2019 Business Recap and Outlines Plans for 2020
“2019 was the most pivotal year in Arcimoto’s history. We achieved a milestone twelve years in the making with the launch of retail production of the Fun Utility Vehicle (FUV) at our automated factory in Oregon.
We also demonstrated the flexibility of the Arcimoto platform. We introduced the Rapid Responder in February and in March we unveiled the Deliverator. Designed to address the needs of emergency/security response and last mile delivery respectively, we believe Arcimoto’s full family of platform products will provide the sales and production volume necessary for the Company to become a meaningful producer in the clean transportation space.
Finally, we further defined Arcimoto’s initial in-market experience model. We believe both the franchise dealer sales model of traditional automotive and the retail test drive outlet model utilized by companies like Tesla have drawbacks; either intermediary margins or company capital and operating overhead. In 2019, we put forward a manufacturer rental franchise model intended to overcome these deficiencies. At the end of Q3 we signed our first rental franchise in Key West, and by December 31 had delivered its first 8 FUVs. In addition, we shipped the first of 40 planned FUVs to GoCar Tours of San Francisco.
Production, Delivery, Pre-orders
In September we completed FMVSS regulatory testing for our flagship product, the FUV, and we began production and delivery to our first retail customers on September 19.
Production started at a rate of four units per week, which doubled to eight per week at the beginning of December. In total, Arcimoto manufactured 57 and delivered 45 retail FUVs by year’s end.
Notably, in Q4 alone, we built more vehicles than in the previous twelve years combined.
Our concerted team effort and resources were largely directed to achieve production and build the systems needed to support a production enterprise, with marketing efforts kept to a minimum. Even so, our net pre-orders increased by 1,219 over the course of the year, to a total of 4,220 as of December 31.
2020 Vision (and beyond)
Our mandate is clear: increase production rate to meet Arcimoto’s pre-order backlog and anticipated future market demand, and drive down cost to achieve profitable venture margins and offer ever more affordable products to an ever-wider addressable market. We aim to step up to 12 units per week by the end of Q1 and 16 per week by the end of Q2 as we build the ramp to a planned 200 units per week by early 2021.
In Q1 we plan to launch the first Deliverator and Rapid Responder pilot vehicles in anticipation of series production of both models by the end of the year.
We also plan to expand our in-market rental model, ensuring the visibility and availability of the FUV in more key destination markets around the country.
Looking further, we intend to increase our national and global manufacturing and distribution capabilities through strategic partnerships and corporate expansion, in order to make a meaningful dent in global automotive emissions and fully realize our mission to catalyze the shift to a sustainable transportation system.
None of this would be possible without the steadfast support of our investors, suppliers, customers, and fans. We deeply appreciate your continued enthusiasm for this endeavor and our mission.”
Frohnmayer also penned a letter to company stakeholders, with his thoughts on the twelve year journey that Arcimoto has taken to this point, and what lies ahead.
[You can read that letter here.](
Sincerely,
Fierce Analyst | Jaks Swift
Editorial Writer
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