Joby Aviation Q4 net loss widens to $115M; first revenue $1M; cash $1.0B; Dubai deal signed

Joby Aviation, Inc.

2023-FY EPS reported -$0.79 revenue$1,032,000

Net loss of $115M in Q4 2023, widened $48M YoY; first revenue of $1M from DoD.
Year-end cash and short-term investments at $1.0B; FY 2023 cash used $344M.
Certification: Stage 3 complete, 30 for-credit tests completed, four conforming lines established.
Signed six-year exclusive Dubai air taxi agreement with government support; potential 2025 operations.
2024 cash use guidance $440-470M; plan to expand flight exhibitions and commit two more aircraft to DoD.

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 0.8

Joby Aviation, Inc. reported financial results for the fiscal year ended December 31, 2023.

Period: the fiscal year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 21, 2024, Joby Aviation, Inc. (the “Company”) announced its financial results for the fiscal year ended December 31, 2023.

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Joby Aviation, Inc. filing history →

Source: SEC EDGAR

accession 0001819848-24-000118

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