STOCK TITAN
  1. Home
  2. News
  3. AYRO

AYRO Inc - AYRO STOCK NEWS

Welcome to our dedicated news page for AYRO (Ticker: AYRO), a resource for investors and traders seeking the latest updates and insights on AYRO.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect AYRO's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of AYRO's position in the market.

News
AYRO Reports Year-End 2023 Financial Results and Provides Corporate Update
Rhea-AI Summary
AYRO, Inc. announces financial results for the year ended December 31, 2023, focusing on reducing cash burn and maximizing shareholder value. The company targets a burn rate of $1.5 million per quarter, with $43 million in cash as of December 31, 2023. AYRO plans to explore opportunities like the Vanish vehicle, M&A, and capital investments to enhance stakeholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.39%
Tags
earnings
-
News
AYRO to Showcase Vehicles at 2024 PGA Show
Rhea-AI Summary
AYRO, Inc. (NASDAQ:AYRO) announces its participation in the 2024 PGA Show to showcase its low-speed electric vehicle, the Vanish, and leverage its $48 million cash position to optimize shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.16%
Tags
none
-
News
AYRO Receives First U.S. Government Order for Its New Utility Low-Speed Electric Vehicle
Rhea-AI Summary
AYRO, Inc. (NASDAQ: AYRO) announces the launch of its new electric utility vehicle, the AYRO Vanish, and its first U.S. Government order for the vehicle. With a strong balance sheet of $48 million in cash, the company is focused on penetrating the market in a prudent manner, optimizing costs, and managing cash burn. This marks AYRO's first U.S. Government order since entering low-rate initial production and passing confirmatory testing and homologation requirements in the United States and Canada.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.79%
Tags
none
News
AYRO Names David Hollingsworth Interim President of AYRO's Operating Division
Rhea-AI Summary
AYRO, Inc. (NASDAQ: AYRO) announces the appointment of CFO David Hollingsworth as interim president of the operations division. The company is focused on bringing innovative electric vehicles to market efficiently and cost-effectively, seeking partnerships to achieve this objective. AYRO is evaluating processes to rationalize costs and make the business more efficient, with a commitment to protecting cash and creating value for shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.78%
Tags
none
-
News
AYRO to be Featured on Viewpoint Series with Dennis Quaid
Rhea-AI Summary
AYRO, Inc. (NASDAQ: AYRO) to be featured on Viewpoint to discuss its innovative low-speed electric vehicles (LSEVs) and showcase its contributions to sustainable transportation solutions. The segment will air on public television stations and feature a network commercial on Fox Business Network. AYRO's CEO, Tom Wittenschlaeger, expressed excitement for the opportunity to highlight the company's commitment to sustainability and innovation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
News
AYRO Receives 40 Unit Fleet Order for Fortune 100 Retailer for Newly Released Adaptable Low-Speed Electric Vehicles
Rhea-AI Summary
AYRO, Inc. (NASDAQ:AYRO) announces receiving the first fleet order of the AYRO Vanish, a low-speed electric vehicle, for a Fortune 100 Retailer. The order signifies a significant milestone following the production launch and confirms AYRO's successful entry into production, testing, and homologation requirements in the United States and Canada. The Vanish offers adaptable bed configurations for fleet, commercial, and personal use, and the order reflects the growing demand for sustainable fleet solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.59%
Tags
none
News
AYRO Now Registered on Transport Canada Appendix G Pre-clearance Program as a Foreign Manufacturer of New Low-Speed Vehicles
Rhea-AI Summary
AYRO, Inc. (NASDAQ: AYRO) has announced its registration on Transport Canada's Appendix G Pre-clearance Program as a foreign manufacturer of new Canadian specification low-speed vehicles, making it easier for Canadian importers to bring in AYRO's electric vehicles. The approval allows for the importation of the AYRO Vanish LSEV, the company's utility LSEV with adaptable bed configurations, into Canada. This move is expected to expand AYRO's reach and usage of low-speed electric fleet throughout North America.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.81%
Tags
none
-
News
AYRO Announces Third Quarter 2023 Financial Results and Provides Corporate Update
Rhea-AI Summary
AYRO, Inc. (NASDAQ: AYRO) announces financial results for Q3 2023, including first revenue from new AYRO Vanish units. Adjusted EBITDA was ($5.2) million. $47.9 million in cash and equivalents, marketable securities, and restricted cash at September 30, 2023. CEO Tom Wittenschlaeger highlights significant milestones including regulatory certifications for AYRO Vanish and additional patents. Focus on manufacturing additional AYRO Vanish units and transitioning to full production. Expecting cost of goods sold to decline and forecast reaching break-even on a per-unit basis during the second half of 2024. Third Quarter 2023 Earnings Conference Call scheduled for November 21, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.81%
Tags
earnings
-
News
AYRO Receives w3 Award For New Website
Rhea-AI Summary
AYRO, a designer and manufacturer of electric vehicles, partnered with Forum Communications and won a silver award at the 18th Annual w3 Awards. The award recognizes the new AYRO.com website in the General Websites - Environmental & Sustainability category. The website was developed as part of the re-brand and launch of the 2023 AYRO Vanish, a low-speed electric vehicle with adaptable configurations. The partnership with Forum Communications has been successful in aligning marketing strategies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.65%
Tags
none
News
AYRO Completes Test Drive Event
Rhea-AI Summary
AYRO, Inc. hosted a live test drive event for its new AYRO Vanish low-speed electric vehicle. Attendees praised the vehicle's drivability and comfort. For more information, visit ayro.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.5%
Tags
none
Stock AYRO logo
AYRO Inc

Nasdaq:AYRO

AYRO Rankings

N/A Ranked by Market Cap
N/A Ranked by Stock Gains
N/A Ranked by Dividends

AYRO Stock Data

6.42M
4.75M
13.39%
5.84%
8.33%
Data Processing, Hosting, and Related Services
Information
Link
US
Round Rock

About AYRO

ayro, inc. designs and manufactures light-duty, emissions-free electric vehicles for urban and community transport, local delivery, closed campus mobility, recreational, and government use. it offers ayro 311, a 3-wheeled vehicle for professional and personal use; club car 411 for low-speed logistics and cargo services for campus; and ayro 511 4ã—4 concepts. the company was founded in 2017 and is based in round rock, texas.