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.

Previous year: -$0.19

-26.3%

Gross Profit

-$8.49M