AYRO GAAP EPS of -$2.99 misses by $2.15, revenue of $0.09M misses by $0.04M

• AYRO press release (NASDAQ:AYRO): Q3 GAAP EPS of -$2.99 misses by $2.15.
• Revenue of $0.09M (-75.7% Y/Y) misses by $0.04M.
• Adjusted EBITDA in the third quarter of 2023 was -$5.2 million vs. 0$4.8 million in the prior year period.
• Approximately $47.9 million in cash and equivalents, marketable securities, and restricted cash at September 30, 2023.
• "We are currently forecasting reaching break-even on a per-unit basis during the second half of 2024. We believe our strong balance sheet and nearly $48 million in cash and cash equivalents, marketable securities and restricted cash at the end of the third quarter will be more than sufficient to reach that future milestone."

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