earnings
confidence high
sentiment negative
materiality 0.70
Joby Aviation Q3 net loss $144M; Toyota commits additional $500M
Joby Aviation, Inc.
2024-Q3 EPS reported
-$0.53
revenue$81,000
- Net loss of $143.9M ($157M operating loss); adjusted EBITDA loss $120.4M.
- Cash and investments $710M at quarter end; post-quarter $222M equity raise and expected $500M from Toyota bring pro-forma ~$1.4B.
- Toyota committed $500M in two tranches, plans manufacturing alliance.
- First international flights in Japan; FAA-conforming tail assembly built; fourth prototype nearing completion.
- U.S. FAA published SFAR for eVTOL operations; Dubai GCAA accepted all qualification plans.