Eve Holding Q1 net loss widens to $25.8M as R&D spend accelerates

Eve Holding, Inc.

2023-Q1 EPS reported -$0.09

Net loss of $25.8M in 1Q23 vs. $10.0M in 1Q22; R&D expense rose to $21.5M from $9.1M.
Cash consumption totaled $19.9M in 1Q23, up from $1.9M a year ago; liquidity at $294.6M.
Undrawn BNDES credit lines of $96.8M provide total available liquidity of ~$390M.
eVTOL development on track: wind-tunnel tests completed, supplier selection expected by mid-2023, first prototype assembly in H2 2023.
Backlog stands at 2,770 units ($8.3B) from 26 customers; signed LOI with Ferrovial Vertiports to explore Urban ATM software.

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 0.9

Eve Holding, Inc. reported financial results for its fiscal quarter ended March 31, 2023.

Period: its fiscal quarter ended March 31, 2023
Result: reported results

Exact text from the filing

On May 9, 2023, Eve Holding, Inc. (the “Company”) issued a press release announcing the Company’s results for its fiscal quarter ended March 31, 2023.

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Eve Holding, Inc. filing history →

Source: SEC EDGAR

accession 0001554855-23-000360

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