Joby completed power-on testing for its TIA aircraft and first point-to-point flights, while posting a net loss driven by increased certification and acquisition costs. The company also secured significant post-quarter funding.
Joby reported revenue of $22,574,000, primarily from Blade operations and government contracts.
Net loss totaled $401,226,000, including a $229M non-cash loss from warrant and earnout revaluation.
Power-on testing began for TIA aircraft, marking final certification stage.
Ended Q3 with $978,122,000 in cash and short-term investments; raised $576M more in October.
Joby expects to continue progressing toward FAA certification and commercial readiness, fueled by recent capital raises and government engagement.
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