Eve Holding reports Q3 2024 net loss of $35.8M, secures $88M from BNDES and $50M from Citibank

Eve Holding, Inc.

2024-Q3 EPS reported -$0.34

Net loss was $35.8M in Q3 2024 vs $31.2M in Q3 2023, driven by higher R&D ($32.4M) and SG&A ($8.4M) expenses.
Eve's cash, cash equivalents and financial investments totaled $279.8M at end of Q3 2024; liquidity reached $305M including $25M BNDES facility.
Secured $88M credit line from BNDES for Taubaté production facility and $50M loan from Citibank to support R&D.
Brazil's ANAC published the eVTOL Certification Basis on Nov 1, 2024; Eve also launched TechCare aftermarket services portfolio.
Eve rolled out full-scale prototype in July; plans five prototypes for certification campaign with flight tests ongoing.

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