secwatch.observer — SEC 8-K summary
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Issuer:     Joby Aviation, Inc. (JOBY)
CIK:        0001819848
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0001819848-23-000047
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Joby Aviation Q4 net loss $66.9M, cash $1.1B; FAA certification stage 2 complete
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- Net loss of $66.9M in Q4 2022 vs net income of $5.0M in Q4 2021; full year net loss $258M.
- Cash and short-term investments $1.1B at year-end, including $60M from Delta equity investment.
- FAA certification: 94% of Means of Compliance accepted, stage 2 essentially complete; stage 3 at 53%.
- Began final assembly of first company-conforming aircraft on pilot production line; expected to fly H1 2023.
- 2023 cash burn guidance: net cash used in operations and capex of $360-380M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1819848/000181984823000047/0001819848-23-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1819848/000181984823000047/joby-20230222.htm
  HTML page:      https://secwatch.observer/filing/0001819848-23-000047

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