Ayro announces second quarter 2023 financial results and provides corporate update

Round rock, tx / accesswire / august 14, 2023 / ayro, inc. (nasdaq:ayro) ("ayro" or the "company"), a designer and manufacturer of electric, purpose-built delivery vehicles and solutions for micro distribution, micro-mobility, and last-mile delivery, announces financial results for the second quarter ended june 30, 2023. recent financial highlights: net loss of $6.0 million in the second quarter of 2023 compared to net loss of $6.0 million in the prior year period approximately $52.0 million in cash to date, including the proceeds of a $22 million financing consummated in early august 2023 "we made significant progress during the second quarter that we believe brings us ever closer to the commercial launch of the ayro vanish, our new low-speed electric vehicle, or lsev," commented ayro ceo tom wittenschlaeger.
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