Eve Q3 net loss $31.2M; R&D doubles to $28.6M; total liquidity $342.8M

Eve Holding, Inc.

2023-Q3 EPS reported -$0.32

Net loss $31.2M vs $36.7M in 3Q22; recurring loss widened on higher R&D expenses.
R&D expenses $28.6M (up 100% YoY) driven by intensified eVTOL design and MSA with Embraer.
Cash consumption $22.4M in Q3; total liquidity including undrawn BNDES facility $342.8M.
2023 total cash consumption guidance narrowed to low end of $130-$150M.
Announced key supplier selections: Garmin, Liebherr, Intergalactic; prototype assembly started.

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 third quarter ended September 30, 2023.

Period: third quarter ended September 30, 2023
Result: reported results

Exact text from the filing

On November 7, 2023, Eve Holding, Inc. (the “Company”) issued a press release announcing the Company’s results for its third quarter ended September 30, 2023.

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Eve Holding, Inc. filing history →

Source: SEC EDGAR

accession 0001554855-23-000729

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