Archer Aviation hits 52-week low, pressured by cash burn and flight delays

Archer Aviation shares fell to a near 52-week low in early July.

The company expects a Q2 net loss of approximately $170 million. High cash burn and fears of shareholder dilution drove the market decline.

Delays in the Midnight aircraft’s piloted transition to forward flight further pressured the stock. Competitors have already achieved this flight milestone.

These delays heighten concerns regarding the FAA certification and commercialization timeline. Market sentiment remains weak despite the company's strong liquidity position.