Joby Q1 net loss $94.6M, operating loss $145.9M, cash $923.9M

Joby Aviation, Inc.

2024-Q1 EPS reported -$0.14 revenue$25,000

Net loss $94.6M ($0.14/share); operating loss $145.9M, up from $99.7M in Q1 2023.
Revenue $25k from DoD contract; cash used in operations $106.6M, capex $6.9M.
Cash & investments $923.9M at quarter end, down $108.4M from Q4 2023.
Second production prototype rolled off line; two more in final assembly; expanded manufacturing facility.
FAA published final airworthiness criteria; first system-level test plans submitted; 1,500+ flights.

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 first quarter of 2024.

Period: first quarter of 2024
Result: reported results

Exact text from the filing

NET LOSS Net loss of $95 million reflected a loss from operations of $146 million, partly offset by interest and other income of $51 million.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Joby Aviation, Inc. reported financial results for first quarter of 2024.

Period: first quarter of 2024
Result: reported results

Exact text from the filing

ADJUSTED EBITDA Adjusted EBITDA loss of $110 million largely reflected our operating expenses excluding depreciation, amortization and stock-based compensation.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Joby Aviation, Inc. reported financial results for first quarter of 2024.

Period: first quarter of 2024
Result: reported results

Exact text from the filing

At the end of the first quarter of 2024, we maintained a strong balance sheet with $924 million in cash and short term investments.

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Joby Aviation, Inc. filing history →

Source: SEC EDGAR

accession 0001819848-24-000264

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