Sources: Company Website. Company Presentation.
-----
As mentioned above, AYRO has several potential catalysts that could provide this Nasdaq profile with breakout buzz. Take a look:
No. 1 AYRO Potential Catalyst - Volatility Potential Could Become A Major Factor Based On This Low Float.
According to info from the Yahoo Finance website, AYRO has a fairly low float.
In fact, the website reports this profile to have approx. 6.79Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility potential.
Could more positive company news towards the end of 2024 provide a near term spark?
-----
No. 2 AYRO Potential Catalyst - An Order Secured With A Top 3 Auto Manufacturer Signals A New Source Of Revenue.
AYRO Secures Purchase Order From a Top Three Automotive Manufacturer
ROUND ROCK, TX / ACCESSWIRE / December 16, 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, announced today that through its partnership with GLV Ventures (GLV) it has secured its first purchase order from one of the top three automotive manufacturers in the United States.
Josh Silverman, AYRO's Executive Chairman, commented, "This initial purchase order, which is from a top three automotive OEM, not only represents the first new business opp. that we have secured since partnering with GLV, demonstrating our intention to leverage their low-cost facilities to expand our focus to securing design and manufacturing projects. It is also indicative of our ability to now generate new sources of revenue. We believe that this organic growth initiative is just the first step in diversifying our business and we look forward to providing further updates, when appropriate."
Read the full article here.
-----
No. 3 AYRO Potential Catalyst - AYRO Named "Tier One" Supplier For GM In Significant Accomplishment
AYRO Becomes Tier One Supplier for General Motors
Work will expand the scope of AYRO's recently announced low-cost manufacturing and engineering efforts; AYRO intends to collaborate with partner GLV for future projects with the top U.S. auto manufacturer
ROUND ROCK, TX / ACCESSWIRE / December 12, 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, announces that it has been named a tier one supplier for General Motors (GM) through its partnership with GLV Ventures (GLV). AYRO and GLV intend to supply GM as part of an increase in scope of their previously announced low-cost manufacturing and engineering efforts.
Josh Silverman, AYRO's Executive Chairman, commented, "Becoming a tier one supplier to GM is a significant accomplishment and favorably positions AYRO to work with one of the largest auto manufacturers in the world. This status, which was secured in conjunction with our partnership with GLV, is expected to leverage GLV's low-cost facilities to expand our focus to securing design and manufacturing projects. We believe that these new relationships are a catalyst for us as we continue to evaluate opp's to organically grow AYRO beyond its current low speed vehicle production capabilities. We believe that our new collaboration with GLV could lead to additional opp's with other key manufacturers, such as GM, with the potential for new revenue-generating purchase orders. We look forward to providing updates as appropriate."
Read the full article here.
-----
No. 4 AYRO Potential Catalyst - A Partnership With GLV Ventures To Help Redesign The Vanish (Goal To Secure New Partnerships & Orders).
AYRO Partners with GLV Ventures for Lower Cost Engineering and Manufacturing Based in the United States
Beginning with the Company's Vanish electric vehicle, AYRO will utilize GLV's lower cost U.S. manufacturing footprint to add new partnerships and secure new purchase orders
ROUND ROCK, TX / ACCESSWIRE / December 4, 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 announced a partnership with GLV Ventures for the engineering and manufacturing of the Company's electric vehicle, the Vanish. The relationship will launch with the re-engineering and manufacturing of the Vanish in the United States using its original specifications.
Josh Silverman, AYRO's Executive Chairman, commented, "We are partnering with GLV to redesign the Vanish vehicle to produce a more viable vehicle using lower-cost production and engineering methods, while also ensuring that the vehicle is made in America at GLV's Beeville, Texas manufacturing facility. We believe that there is a significant market for low-speed EVs, like the Vanish, and we are dedicated to prudent and careful application of capital and resources to optimize its manufacture and distribution, all while ensuring that these vehicles are made in America. While GLV's low-cost manufacturing should help enable us to redesign the Vanish, improve unit pro-fit-ability and enhance competitiveness in the global market, our principal objective is to leverage this relationship to secure additional partnerships and drive new orders. We look forward to providing progress updates on this and future projects."
...
Read the full article here.
-----
No. 5 AYRO Potential Catalyst - Company Turns Heads As The First Order From The U.S. Government Comes Rolling In!
AYRO Receives First U.S. Government Order for Its New Utility Low-Speed Electric Vehicle
Begins launch of new vehicles with strong balance sheet of $48Mn in cash
ROUND ROCK, TX / ACCESSWIRE / January 3, 2024 / AYRO, Inc. (NASDAQ:AYRO) ("AYRO" or the "Company"), a designer and manufacturer of electric, purpose-built delivery vehicles and solutions for micro distribution, micromobility and last-mile delivery, announces that the Company received its first U.S. Government order for the Company's utility low-speed electric vehicle ("LSEV"), the AYRO Vanish (the "Vanish"), for a United States Embassy located in South Asia.
"This order highlights the value a whisper quiet, high payload utility vehicle brings to an environment where noise is a principal liability," noted David Hollingsworth, Interim President of AYRO's Operating Division. "We believe that these vehicles can be deployed on the embassy compound for a plurality of uses and charge overnight from a standard electrical outlet, requiring no specialized charging infrastructure or the need for noisy generators."
"Our in-vest-ment in bringing these innovative vehicles to the market is starting to pay off, as we are in the early stages of receiving orders from various customers, highlighting the value-add we are providing in the market. With $48Mn in cash on our balance sheet, we are focused on penetrating this exciting market, but doing so in a prudent manner, optimizing our costs and managing our cash burn," concluded Mr. Hollingsworth.
This represents the first U.S. Government order since AYRO entered into low-rate initial production, passed California Air Resources Board confirmatory testing and completed all applicable homologation requirements in the United States and Canada.
Read the full article here.
-----
No. 6 AYRO Potential Catalyst - Could A Potential Squeeze Be In The Cards In The Not-Too-Distant Term?
Here's (Nasdaq: AYRO)'s 6-month chart:
ليست هناك تعليقات:
إرسال تعليق