Arrival Pushes Forward Towards Start Of Production In Q3; Loss Narrows In Q1
Arrival SA (NASDAQ:ARVL) reported a first-quarter FY22 loss of $(10.4) million versus a loss of $(1.15) billion last year that included a $1.2 billion non-cash charge associated with the merger of Arrival and CIIG. The adjusted EBITDA loss for the quarter widened to $(66.9) million. Capital expenditure rose 99% Y/Y to $99.1 million.…
Benzinga ·