Ayro reports year-end 2023 financial results and provides corporate update

Round rock, tx / accesswire / april 9, 2024 / 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, today announces financial results for the year ended december 31, 2023, and provides a corporate update. "during the fourth quarter of 2023 and throughout the first quarter of 2024, we took various measures intended to streamline our operations and focused on minimizing our cash burn, which is expected to continue to decline dramatically in 2024 as we target a burn rate of approximately $1.5 million per quarter," said josh silverman, ayro's executive chairman.
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