EMBK Stock Recent News

Embark Technology, an early mover in autonomous trucking that ran out of money to get to commercial production, said Thursday it would go private in a $71 million all-cash merger with Applied Intuition Inc. Upon completion of the merger, Embark will cease to trade on the Nasdaq. Embark went public in November 2021 in a reverse merger with an enterprise value of $5 billion.

Shares of Embark Technology Inc lost nearly a third of their value on Monday after the self-driving truck company announced it would lay off 70% of its employees and start evaluating options, including winding down the business.

Embark Technologies (NASDAQ: EMBK ) stock is in focus on Friday. While shares are roughly flat on the day, Embark layoffs are making some headlines.

Embark is ahead of the curve in terms of proving its autonomous trucking concept, with significant miles on the road and an unblemished safety record. The company's strategy as well as its value proposition are well-defined and are quite sensible in my view.

Embark Technology, Inc. (NASDAQ:EMBK ) Q3 2022 Earnings Conference Call November 8, 2022 8:30 AM ET Company Participants Adam Fee - Strategic Finance Alex Rodrigues - Co-Founder and Chief Executive Officer Richard Hawwa - Chief Financial Officer Conference Call Participants Chris Wetherbee - Citi Todd Fowler - KeyBanc Capital Markets Jeff Kauffman - Vertical Research Partners David Vernon - Bernstein Operator Greetings, and welcome to Embark Truck's Third Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode.

Autonomous trucking company, Embark Technologies, has faced material headwinds since going public as it tries to commercialize its self-driving software. Cash burn from operations continues to stack up as positive investor sentiment has dissipated.

SAN FRANCISCO, Oct. 19, 2022 (GLOBE NEWSWIRE) -- Embark Technology, Inc. (Nasdaq: EMBK) (“Embark”), a leading developer of autonomous technology for the trucking industry, will announce its third quarter financial results for the period ended September 30, 2022, on Tuesday, November 8, 2022, before the market opens.

Sponsor Content by Dell Technologies There is currently a truck driver shortage of 80,000 people — a number that is expected to double by 2030. Embark is a self-driving trucking company that is using automated technology to solve this problem.

Embark Technology (NASDAQ: EMBK ) shares are trending on Friday, as the stock explodes higher on the day. At its high, EMBK stock was up almost 126% in the session.

Embark Technology, Inc. (NASDAQ:EMBK ) Q2 2022 Earnings Conference Call August 11, 2022 4:30 PM ET Company Participants Bill Ong - Head, IR Alex Rodrigues - CEO, Founder & Director Richard Hawwa - CFO Conference Call Participants Christian Wetherbee - Citigroup Todd Fowler - KeyBanc Capital Markets Jeffrey Kauffman - Vertical Research Partners Operator Good afternoon and welcome to the Embark Technology Second Quarter 2022 Earnings Conference Call. [Operator Instructions].