Joby Aviation Q2 net loss $324.7M; advances certification, Blade acquisition, Toyota tranche closed

Joby Aviation, Inc.

Net loss of $324.7M vs $123.3M in Q2 2024; operating loss $167.9M; adjusted EBITDA loss $131.6M.
Cash and short-term investments $991M; FY 2025 cash use guidance $500-540M excluding Blade deal.
FAA Stage 4 certification: Joby 70% complete; first TIA conforming aircraft in final assembly, expected to fly in 2025.
Agreement to acquire Blade Air Mobility passenger business; collaborations with Abdul Latif Jameel (up to 200 aircraft) and ANA (over 100 aircraft).
Closed first $250M tranche of Toyota's $500M strategic investment; Marina facility expanded to double production to 24 aircraft/year.

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