AYRO Inc (NASDAQ: AYRO) reported revenue growth of 67% year-over-year to $2.7 million in 2021, from $1.6 million the previous year. Operating expenses tripled to $31 million. The company reported a gross loss of $(2.1) million. Operating loss rose 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) increased from $(0.73) last year. The company had $69 million in cash and equivalents as of December 31, 2021. Price Action: AYRO stock trades 0.04% higher at $1.49 on final check Wednesday.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
This post (AYRO) – AYRO posts 67% revenue growth in FY21 was original published at “https://www.benzinga.com/news/earnings/22/03/26260595/ayro-clocks-67-revenue-growth-in-fy21”
