secwatch.observer — SEC 8-K summary
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Issuer:     Eve Holding, Inc. (EVEX)
CIK:        0001823652
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001554855-24-000338
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eve reports Q1 net loss of $25.3M; cash burn rises to $35.9M as prototype assembly advances
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- Net loss $25.3M vs $25.8M in 1Q23; R&D expenses $27.5M (up from $21.5M) on prototype assembly and testing infrastructure.
- Cash used by operations and capex $35.9M, up from $19.9M; total 2024 cash consumption expected $130-170M.
- First full-scale eVTOL prototype assembly nearly complete; test campaign expected to start in H2 2024.
- Received LOI from AirX for up to 50 eVTOLs; non-binding backlog ~2,900 units valued at $14.5B list price.
- Selected KAI as supplier for pylons; certification basis with ANAC public comment phase completed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823652/000155485524000338/0001554855-24-000338-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823652/000155485524000338/evex-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001554855-24-000338

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer