Q2 2023 Arcimoto Inc Earnings Call Transcript

Aug 24, 2023 / 09:00PM GMT
Christopher W. Dawson - Arcimoto, Inc. - Interim CFO, CEO, Principal financial officer & Principal accounting officer and Director

Hello, everyone. This is Chris Dawson, CEO of Arcimoto. Welcome to Q2 2023 report out.

Here's our forward-looking statements. Naturally, everything short of historical data as presented are forward-looking statements and what we believe to achieve as we accomplish our goals.

In Q2, we were able to produce 94 units, at least -- well, for the first half of the year. In 2023, we were able to produce 94 units. Of that, we delivered 65 customer vehicles in the second quarter with an average sales price of $22,700 and delivered 102 year-to-date. In June, we're excited to produce our 1,000th vehicle, and as of June 30, we had 665 customer FUVs on the road, 39 vehicles allocated for marketing, R&D and internal fleet use and another 90 vehicles in the Arcimoto rental fleet for revenue generation.

Tilting Motor Works completed delivery of 11 TRiO kits to customers with an average sale price of 14.2 -- that's $14,285 and achieved -- and Arcimoto

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