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Jun 30, 2023
Joby Aviation Q2 2023 Earnings Report
Joby Aviation reported its operational and financial results for the second quarter of 2023.
Key Takeaways
Joby Aviation announced the launch of its first production prototype and submission of all certification plans to the FAA. The company's balance sheet was further strengthened with $280 million in new funding.
Production Launched: Joby’s first production prototype rolled off the line and has begun flight testing.
All Certification Plans Submitted: More than two-thirds of certification plans already accepted by FAA.
Industry-Leading Balance Sheet Further Strengthened: Joby further strengthened its balance sheet with new funding of $280 million from investments by Baillie Gifford and SK Telecom.
Forward Guidance
This press release contains forward-looking statements regarding the development and performance of our aircraft, our regulatory outlook, progress and timing; our business plan, objectives, goals and market opportunity in the U.S. and foreign markets;and our current expectations relating to our business, financial condition, results of operations, prospects, capital needs and growth of our operations.
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