AYRO Clocks 67% Revenue Growth In FY21

  • AYRO Inc AYRO reported fiscal 2021 sales growth of 67% year-on-year, to $2.7 million, versus $1.6 million the previous year.
  • The operating expenses increased three-fold to $31 million.
  • The company reported a gross loss of $(2.1) million. Operating loss expanded to $(33.1) million from $(10.1) million last year.
  • Adjusted EBITDA loss was $(24.9) million versus $(7.8) million last year.
  • EPS loss of $(0.94) widened from $(0.73) last year.
  • The company held $69 million in cash and equivalents as of December 31, 2021.
  • Price Action: AYRO shares are trading higher by 0.04% at $1.49 on the last check Wednesday.
Market News and Data brought to you by Benzinga APIs
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsPenny StocksBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!