EUGENE, Ore., May 16, 2022 (GLOBE NEWSWIRE) — Arcimoto , Inc.® (NASDAQ: FUV), makers of rightsized, outrageously fun, ultra-efficient electric vehicles for moving people and stuff, today provided a corporate update and announced financial results for the first quarter ended March 31, 2022. To view the webcast, use the links below:First Quarter 2022 Stakeholder WebcastDate: Monday, May 16, 2022Time: 5:00 p.m. ET (2:00 p.m. PDT)Webcast: https://us06web.zoom.us/webinar/register/WN_b7xY14wtTpWJNDkAI538NAFirst Quarter 2022 and Recent Company HighlightsIn Q1, sold 24 new customer vehicles while shifting manufacturing operations from the AMP to the RAMP. A grand opening event was held on-site on February 22, 2022.was held on-site on February 22, 2022. I am incredibly excited about the road ahead.”First Quarter 2022 Financial ResultsTotal revenues for the first quarter of 2022 decreased 53% to $650 thousand as compared to $1.4 million in the first quarter of 2021.