Eve Holding Q3 2022 net loss $36.7M; cash burn intensifies; BNDES $92.5M credit lines

Eve Holding, Inc.

Q3 2022 net loss $36.7M vs $3.8M loss in Q3 2021; driven by R&D ($14.3M) and non-cash warrant expense ($17.4M).
9M22 net loss $154.0M vs $10.0M loss in 9M21; includes $104.8M non-cash warrant expense from business combination.
Operating cash used $17.0M in Q3 ($2.4M in Q3 2021); management expects cash consumption to increase going forward.
Total liquidity $329.9M at 9/30/22 with no debt; BNDES approved $92.5M in credit lines with 12-year maturity.
Non-binding order backlog 2,770 units valued at $8.3B; United Airlines conditional purchase agreement for up to 400 eVTOLs.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Eve Holding, Inc. reported the first nine months of 2022 results: net income a net loss of $154.0 million.

Period: the first nine months of 2022
Net income: a net loss of $154.0 million
Result: reported results

Exact text from the filing

For the 9M22, Eve reported a net loss of $154.0 million, $144.0 million higher than the $10.0 million net loss in the 9M21.

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Eve Holding, Inc. reported the fiscal quarter ended September 30, 2022 results: net income a net loss of $36.7 million.

Period: the fiscal quarter ended September 30, 2022
Net income: a net loss of $36.7 million
Result: reported results

Exact text from the filing

Eve reported a net loss of $36.7 million in 3Q22 versus $3.8 million in 3Q21 driven by higher Research & Development (R&D) expenses and Selling, General & Administrative (SG&A) costs as well as non-cash charges related to warrant expenses of $17.4 million.

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Eve Holding, Inc. filing history →

Source: SEC EDGAR

accession 0001554855-22-000727

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