AYRO reports 2023 EPS ($8.19) vs. ($4.95) last year

Reports revenue $498,917 vs. $2.99M last year. “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. “With a strong balance sheet, including $43 million in cash as of December 31, 2023, we are evaluating various alternatives in an effort to maximize shareholder value, including our Vanish vehicle, M&A and/or capital investment opportunities. We are confident that we will be able to deploy this cash to add value for our stakeholders. We look forward to providing further updates as developments warrant.”