Autonomous Vehicle News
“Our first quarter 2021 financial performance marks the sixth consecutive quarter of quarter-over-quarter revenue growth, which points to accelerated traction and demand for our innovative EV models and customized add-ons. About AYRO, Inc. Texas-based AYRO, Inc. engineers and manufactures purpose-built electric vehicles to enable sustainable fleets. Adjusted EBITDA is not a measurement of financial performance under generally accepted accounting principles in the United States, or GAAP. We do not consider Adjusted EBITDA to be a substitute for, or superior to, the information provided by GAAP financial results. Below is a reconciliation of Adjusted EBITDA to net loss to common stockholders for the three months ended March 31, 2021 and 2020.