Arcimoto, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 1.35 million compared to USD 0.650233 million a year ago. Net loss was USD 6.89 million compared to USD 12.95 million a year ago.

Basic loss per share from continuing operations was USD 1.06 compared to USD 6.82 a year ago.