AYRO Says In 2024 Targets Burn Rate ~$1.5M/Quarter
$AYRO
Telecommunications Equipment
Consumer Discretionary
-SEC Filing
-SEC Filing
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4 - AYRO, Inc. (0001086745) (Issuer)
4 - AYRO, Inc. (0001086745) (Issuer)
4 - AYRO, Inc. (0001086745) (Issuer)
8-K - StableX Technologies, Inc. (0001086745) (Filer)
D - AYRO, Inc. (0001086745) (Filer)
10-Q - AYRO, Inc. (0001086745) (Filer)
ROUND ROCK, TEXAS / ACCESS Newswire / January 16, 2025 / AYRO, Inc. (NASDAQ:AYRO) ("AYRO" or the "Company"), a designer and manufacturer of electric, purpose-built delivery vehicles and solutions for micro-distribution, micro-mobility, and last-mile delivery, today provides a letter to stakeholders highlighting its recent accomplishments and discussing its path forward.To our valued stakeholders,Clearly, 2024 was a transformational year for AYRO. The purpose of this letter is to update you on our progress and how these developments help set our course for 2025.Recent AccomplishmentsDuring the fourth quarter of 2023, the Company took extraordinary measures to reduce its cost structure and imp
ROUND ROCK, TX / ACCESSWIRE / December 16, 2024 / AYRO, Inc. (NASDAQ:AYRO) ("AYRO" or the "Company"), a designer and manufacturer of electric, purpose-built delivery vehicles and solutions for micro distribution, micro-mobility, and last-mile delivery, announced today that through its partnership with GLV Ventures (GLV) it has secured its first purchase order from one of the top three automotive manufacturers in the United States.Josh Silverman, AYRO's Executive Chairman, commented, "This initial purchase order, which is from a top three automotive OEM, not only represents the first new business opportunity that we have secured since partnering with GLV, demonstrating our intention to levera
Work will expand the scope of AYRO's recently announced low-cost manufacturing and engineering efforts; AYRO intends to collaborate with partner GLV for future projects with the top U.S. auto manufacturerROUND ROCK, TX / ACCESSWIRE / December 12, 2024 / AYRO, Inc. (NASDAQ:AYRO) ("AYRO" or the "Company"), a designer and manufacturer of electric, purpose-built delivery vehicles and solutions for micro distribution, micro-mobility, and last-mile delivery, announces that it has been named a tier one supplier for General Motors (GM) through its partnership with GLV Ventures (GLV). AYRO and GLV intend to supply GM as part of an increase in scope of their previously announced low-cost manufacturing
ROUND ROCK, TX / ACCESSWIRE / December 15, 2023 / AYRO, Inc. (NASDAQ:AYRO) ("AYRO" or the "Company"), a designer and manufacturer of electric, purpose-built delivery vehicles and solutions for micro distribution, micromobility, and last-mile delivery, announces the appointment of its chief financial officer David Hollingsworth as interim president of the operations division of AYRO, AYRO Operating Company, Inc. Mr. Hollingsworth will continue with his ongoing duties as the parent company's CFO, chief information officer and chief human resources officer. Mr. Hollingsworth's appointment follows Tom Wittenschlaeger's recent departure from AYRO.Mr. Hollingsworth commented, "AYRO is in a unique
ROUND ROCK, TX / ACCESSWIRE / August 24, 2022 / AYRO, Inc. (NASDAQ:AYRO) ("AYRO" or the "Company"), a designer and manufacturer of electric, purpose-built delivery vehicles and solutions for micro distribution, micro mobility, and last-mile delivery, announces the appointment of David E. Hollingsworth as the Company's Chief Financial Officer (CFO), effective August 23, 2022. Mr. Hollingsworth brings deep financial reporting and accounting experience spanning 16 years, including most recently as the interim CFO at the Company since January 2022."Dave has proven himself as a finance leader who brings strategic thought and a deep knowledge of financial accounting, treasury, enabling systems inf
AUSTIN, Dec. 15, 2021 (GLOBE NEWSWIRE) -- AYRO, Inc. (NASDAQ:AYRO) ("AYRO" or the "Company"), a designer and manufacturer of electric, purpose-built delivery vehicles and solutions for micro distribution, micro mobility, and last-mile delivery, announces results from its Annual Meeting of Stockholders held on December 14, 2021. Seven directors (Thomas M. Wittenschlaeger, Joshua Silverman, Wayne R. Walker, George Devlin, Sebastian Giordano, Zvi Joseph, and Greg Schiffman) were elected to serve a one-year term on the Board. The appointment of Friedman LLP as AYRO's independent registered public accounting firm for the fiscal year ending December 31, 2021 was ratified. Additionally, CEO Th
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ROUND ROCK, TX / ACCESSWIRE / November 20, 2023 / AYRO, Inc. (NASDAQ:AYRO) ("AYRO" or the "Company"), a designer and manufacturer of electric, purpose-built delivery vehicles and solutions for micro distribution, micro-mobility, and last-mile delivery, announces financial results for the third quarter ended September 30, 2023.Recent Financial Highlights:Recognized first revenue from new AYRO Vanish units in the third quarter of 2023Adjusted EBITDA in the third quarter of 2023 was ($5.2) million vs. ($4.8) million in the prior year periodApproximately $47.9 million in cash and equivalents, marketable securities, and restricted cash at September 30, 2023"The third quarter of 2023 was marked by
ROUND ROCK, TX / ACCESSWIRE / August 14, 2023 / AYRO, Inc. (NASDAQ:AYRO) ("AYRO" or the "Company"), a designer and manufacturer of electric, purpose-built delivery vehicles and solutions for micro distribution, micro-mobility, and last-mile delivery, announces financial results for the second quarter ended June 30, 2023.Recent Financial Highlights:Net loss of $6.0 million in the second quarter of 2023 compared to net loss of $6.0 million in the prior year periodApproximately $52.0 million in cash to date, including the proceeds of a $22 million financing consummated in early August 2023"We made significant progress during the second quarter that we believe brings us ever closer to the commer
Conference Call to be held on Tuesday, August 15, 2023 at 8:30 a.m. Eastern TimeROUND ROCK, TX / ACCESSWIRE / August 9, 2023 / AYRO, Inc. (NASDAQ:AYRO) ("AYRO" or the "Company"), a designer and manufacturer of electric, purpose-built delivery vehicles and solutions for micro distribution, micro-mobility, and last-mile delivery, announces that it will report second quarter 2023 financial results on Monday, August 14, 2023 after the market close.AYRO management will host a conference call at 8:30 a.m. ET on Tuesday, August 15, 2023 to review financial results and provide an update on corporate developments. Following management's formal remarks, there will be a question-and-answer session.To l