Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Arrival SA (NASDAQ:ARVL) said it expects a fourth-quarter FY22 loss of $(588) million - $(597) million versus a loss of $(67) million last year.
- The loss includes non-cash impairment charges and write-offs of approximately $406 million.
- It sees adjusted EBITDA loss of $(162) million - $(172) million versus a loss of $(85) million last year.
- ARVL expects administrative expenses for the quarter to be about $133 million and non-capitalized R&D expenses of approximately $31 million.
- Arrival sees capital expenditure, including tangible and intangible purchases, of $25 million versus $104 million in Q4 FY21.
- In Q4, the cash balance was reduced by $126 million to $205 million. It held cash and equivalents of $205 million as of Dec. 31, 2022.
- Price Action: ARVL shares are trading higher by 1.32% at $0.22 on the last check Thursday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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