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Jun 30, 2024
Joby Aviation Q2 2024 Earnings Report
Announced the roll-out of its third production prototype aircraft and reported financial results for the second quarter of 2024.
Key Takeaways
Joby Aviation announced it has rolled its third production prototype aircraft off the company’s pilot production line and expects to have four aircraft in active flight test during the next quarter. The company maintained a strong balance sheet with $825 million in cash and short-term investments at the end of the second quarter.
Expects to have four aircraft in active flight test during the next quarter, with the second production prototype now in flight test and the third having rolled off the production line.
The fourth of five stages of type certification is now 37% complete on the Joby side, with numerous test plans submitted and accepted during the quarter.
Applied for certification in Australia and signed a memorandum of understanding with Mukamalah to introduce aircraft to the Kingdom of Saudi Arabia via direct sales.
Flew a first-of-its-kind, hydrogen-electric air taxi demonstrator 561 miles and acquired the autonomy division of Xwing.
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