earnings
confidence high
sentiment neutral
materiality 0.65
Joby Q2 net loss $123M; rolls third prototype off line, four aircraft in flight test next quarter
Joby Aviation, Inc.
2024-Q2 EPS reported
-$0.32
revenue$53,000
- Net loss $123.3M; adjusted EBITDA loss $107.2M; cash & short-term investments $825M at quarter end.
- Third production prototype rolled off pilot line in Marina, CA; expect four aircraft in active flight test next quarter.
- Stage 4 of type certification 37% complete; FAA accepted key test plans (flight/propulsion control, structural, materials).
- Flew hydrogen-electric demonstrator 561 miles; acquired Xwing autonomy division; applied for certification in Australia.
- Signed MOU with Mukamalah (Saudi Aramco sub) for direct aircraft sales; commercial prep includes ElevateOS FAA authorization.