Joby Aviation Q1 net loss $113M, cash $978M; DoD contract extended $55M

Joby Aviation, Inc.

2023-Q1 EPS reported -$0.19

Net loss of $113.4M in Q1 2023; cash and short-term securities $978M at quarter-end.
$180M equity investment led by Baillie Gifford announced; expected close May 5, 2023.
DoD contract extension valued $55M, total potential $131M; two aircraft to Edwards AFB by early 2024.
First company-conforming aircraft nearing completion; on track for rollout in H1 2023.
Certification progress: 11 of 13 ASCPs submitted, 7 accepted; Michael Huerta joined board.

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

Joby Aviation, Inc. reported financial results for the quarter ended March 31, 2023.

Period: the quarter ended March 31, 2023
Result: reported results

Exact text from the filing

On May 3, 2023, Joby Aviation, Inc. (the “Company”) announced its financial results for the quarter ended March 31, 2023.

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Joby Aviation, Inc. filing history →

Source: SEC EDGAR

accession 0001819848-23-000157

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