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Mar 31, 2024
Joby Aviation Q1 2024 Earnings Report
Joby Aviation reported first quarter 2024 results, highlighting production ramp-up, certification and testing advancements, expanded partnerships, and a strong financial foundation.
Key Takeaways
Joby Aviation announced its Q1 2024 results, showcasing progress in production with the roll-out of its second prototype aircraft and expansion of manufacturing facilities. The company also achieved key milestones in certification and testing, broadened partnerships, and maintained a strong cash balance of $924 million.
Second production prototype aircraft rolled off the Pilot Production Line.
Expanded production facility in Marina, CA and acquired a facility in Dayton, OH.
Became the first electric air taxi company to have final airworthiness criteria published by the FAA.
Maintained a strong balance sheet with $924 million in cash and short term investments.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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