secwatch.observer — SEC 8-K summary
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Issuer:     Eve Holding, Inc. (EVEX)
CIK:        0001823652
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001554855-24-000623
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eve Holding Q2 net loss widens to $36.4M; raises $95.6M in equity for eVTOL development
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- Net loss of $36.4M in Q2 2024 (vs $31.4M Q2 2023); R&D expenses rose to $36.3M from $21.8M YoY.
- Post-quarter equity raise of $95.6M from Embraer, Nidec, Space Florida; pro-forma liquidity ~$338M.
- First full-scale eVTOL prototype completed and unveiled July 3; flight test campaign expected late 2024.
- 2024 cash consumption guidance reaffirmed at $130M–$170M; 2Q24 free cash flow of -$31.4M.
- SG&A decreased to $5.4M from $6.6M; cash, equivalents and investments at $206.5M at June 30.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823652/000155485524000623/0001554855-24-000623-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823652/000155485524000623/evex-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001554855-24-000623

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