Archer Aviation (ACHR) Stock Drops 62% from 52-Week High

Archer Aviation (NYSE: ACHR) shares have decreased by roughly 62% from a 52-week high of $14.62, now trading around $5.50. The company reported $5 million in revenue for Q2, with a non-GAAP EBITDA loss of $177.1 million. Management projects an adjusted EBITDA loss between $120 million and $170 million in the current quarter. Archer is set to acquire Insitu and two other Boeing subsidiaries, which could enhance its market position but will also lead to significant stock dilution for existing shareholders. This matters for investors as Archer's ongoing cash burn suggests potential future stock issuances to fund operations.