Joby Q3 net income $1.5M on derivative gain; operating loss $128M; cert progress 84%

Joby Aviation, Inc.

2023-Q3 EPS reported -$0.62

Net income $1.5M vs. -$79.2M YoY, driven by $116.1M derivative revaluation gain; operating expenses $128.2M.
Adjusted EBITDA loss $93.1M; cash & short-term investments $1.1B at quarter end.
84% of FAA Certification Plans accepted; stage 3 nearing completion; Energy Storage plan accepted.
First eVTOL delivered to US Air Force months early under $131M contract; second aircraft on track for 2024.
Dayton, OH selected for scaled manufacturing; up to $325M in state/local incentives; three aircraft in production.

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