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Embark Technology reports Q3 EPS ($1.53), consensus ($1.58)

"We are proud of the consistent expansion of the Embark Coverage Map culminating with the recent launch of the Coast-to-Coast backbone covering nine transfer point sites and opening 9.5B miles of annual freight to our carrier partners, representing 28% of shipping volumes in the Sunbelt," said Alex Rodrigues, CEO of Embark. "As we close out 2022, we expect to deliver the first Embark-equipped TTP truck to Knight-Swift as they prepare to operate AV trucks within their fleet with their own staff in 2023. Embark has made significant progress on our technical capability roadmap this year, and we are on track to complete our evasive maneuvers milestone next month, clearing another critical hurdle to commercial deployment of Embark Driver."

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