Ayro Inc Stock Price, News & Analysis

AYRO, Inc. (NASDAQ:AYRO) has completed the pre-production model of the AYRO Vanish, its first low-speed electric vehicle (LSEV) designed for utility applications. This vehicle features an all-aluminum chassis, allowing for both light-duty and heavy-duty configurations. CEO Tom Wittenschlaeger highlighted this milestone as crucial for further development and production planned for 2023. Alongside this, AYRO announced a new dealer program aimed at expanding market reach for the Vanish, targeting sectors like education, corporate, and urban delivery.

AYRO, Inc. announces an exclusive dealer program for its new AYRO Vanish, a low-speed electric vehicle (LSEV), enhancing market reach across North America. The Vanish features a corrosion-resistant all-aluminum chassis, versatile payload options, and is designed for various applications, including fleet operations for education, corporate campuses, and more. Dealers will benefit from territory exclusivity, training, volume discounts, and financing options. Pre-orders for the Vanish will start early next year, with production ramping up in 2023, positioning AYRO for expanded market presence.

AYRO, Inc. (Nasdaq:AYRO) will present a corporate overview at the Planet MicroCap Showcase: Virtual 2022 from December 6-8, 2022. CEO Tom Wittenschlaeger is scheduled to speak on December 7, 2022, at 10:30am ET. Interested parties can attend the conference and request one-on-one meetings with the CEO on the first day. AYRO focuses on designing zero-emission vehicles aimed at sustainable delivery solutions. For further information, visit www.ayro.com.

AYRO, Inc. (NASDAQ:AYRO) reported its 3Q22 financial results, revealing revenue of approximately $373,000 and a net loss of ($5.7) million, an improvement from ($12.0) million in 3Q21. The adjusted EBITDA loss was ($4.8) million, down from ($8.2) million in the prior year. The company holds $55.2 million in cash and marketable securities with no debt. AYRO also launched the Vanish, a new low-speed electric vehicle designed for urban delivery. Manufacturing is expected to ramp up in early 2023.

AYRO, Inc. (NASDAQ:AYRO) will report its third quarter 2022 financial results on November 3, 2022, before the market opens. A conference call will follow at 8:30 a.m. ET for management to review the results and provide updates on corporate developments. Participants can join the call by dialing 1-833-953-2436 (domestic) or 1-412-317-5765 (international), or through a live webcast. AYRO designs zero-emission vehicles aimed at sustainability, and the AYRO Vanish is a key product in their new roadmap.

AYRO, Inc. (NASDAQ: AYRO) announced the launch of the AYRO Vanish, a low-speed electric utility vehicle designed for various applications. This milestone product features lightweight architecture, adaptable bed configurations, and a focus on sustainability, aligning with the growing LSV market, projected to increase by $5.5 billion from 2021 to 2027. The Vanish offers a maximum payload of 1,800 lbs and an estimated range of over 50 miles. Priced around $25,000, it addresses fleet management needs for compact, eco-friendly transport solutions.

AYRO, Inc. (NASDAQ:AYRO) will present a corporate overview at the LD Micro Main Event XV from October 25-27, 2022, at the Luxe Sunset Boulevard Hotel, Los Angeles. CEO Tom Wittenschlaeger will speak on October 25 at 2:30 PM PT in Track 5. The presentation can be watched by registering here. AYRO specializes in electric delivery vehicles for micro distribution and mobility. The company aims to provide sustainable e-delivery solutions that enhance brand value and user experience.

AYRO announces the appointment of David E. Hollingsworth as Chief Financial Officer, effective August 23, 2022. Hollingsworth, who previously served as interim CFO since January 2022, brings 16 years of financial experience, having improved reporting and inventory controls during his tenure. CEO Tom Wittenschlaeger expressed confidence in Hollingsworth's ability to support the company's growth strategy within the Low Speed Electric Vehicle industry, particularly with the upcoming AYRO Z platform. Hollingsworth holds an MBA and a bachelor's in accounting.

AYRO, Inc. (Nasdaq: AYRO), based in Texas, will announce its second quarter 2022 financial results on August 11, 2022, before market open. The Company focuses on designing and manufacturing electric vehicles for micro distribution and last-mile delivery. AYRO’s management will conduct a live conference call at 8:30 a.m. ET the same day to discuss financial results and corporate developments. Callers can join via phone or through a webcast accessible on their website. The replay will be available until November 11, 2022.