Electric microvehicles and three-wheeled electric vehicles
Strategic Profile
Arcimoto achieved 153% compound annual revenue growth over the last 7 years, with projected 60% CAGR for the next 2 years. However, the company faces significant execution risk: current trailing twelve-month revenue is $6.6 million, and forecasted 2026 earnings per share are negative at -$23.00, indicating the company remains pre-profitability despite strong growth rates and early customer adoption.
Cyborg Score Rationale
Market capitalization is only $1.12K, reflecting severe shareholder value destruction from a public company that remains cash-flow negative. Despite ambitious growth projections, the company has minimal revenue scale, substantial losses, and faces production scalability, supply chain, and regulatory risks in a crowded EV market.
Top Insights
Revenue grew from $4.38M in 2021 to $6.55M in 2022, then modestly to $6.6M TTM, indicating deceleration despite 153% historical CAGR, raising questions about sustainable growth trajectory and market demand.
As of Q2 2023, Arcimoto had delivered 102 vehicles year-to-date with 665 customer FUVs on the road, suggesting slow commercial traction and limited addressable market, hindering revenue scale and competitive positioning.
Forecasted 2026 EPS of -$23.00 and 2024 EBITDA of -$45M indicate ongoing operational losses, acute cash burn, and unsustainable capital structure without major revenue acceleration or strategic asset sales.
Named Competitors
Electra Meccanica — Canadian EV manufacturer of three-wheeled vehicles
Recent Developments
(August 2023) Produced 1,000th vehicle milestone; secured post-IPO funding round
(June 2023) Launched MUV (Modern Utility Vehicle) for professional and commercial use
(Q2 2023) Delivered 65 customer vehicles with average sales price of $22,744
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