Core Viewpoint - Levi & Korsinsky, LLP has initiated an investigation into Eve Holding, focusing on potential shareholder concerns regarding the company's practices and disclosures [1] Group 1 - The investigation aims to determine whether Eve Holding has engaged in any unlawful or improper conduct that could affect shareholder value [1] - Shareholders are being informed about the investigation to ensure they are aware of potential issues that may impact their investments [1] - The law firm is known for its focus on protecting shareholder rights, indicating a serious approach to the investigation [1]

Investigation Alert - Levi & Korsinsky, LLP has notified investors of an investigation into Eve Holding, Inc [1]

Market Performance - The S&P 500 increased by 1.1% during the Christmas Eve trading session, driven by strength in the tech sector [1][2] - The Nasdaq surged 1.4%, while the Dow added 0.9% as financial markets prepared for the Christmas break [2] Company Highlights - Tesla (TSLA) shares rose by 7.4%, leading the S&P 500, with analysts forecasting record fourth-quarter deliveries but emphasizing long-term opportunities in self-driving and AI as key drivers [3] - Super Micro Computer (SMCI) shares gained 6%, recovering from previous losses after being removed from the Nasdaq 100 Index [4] - Broadcom (AVGO) shares increased by 3.2%, continuing a December rally fueled by increased AI revenue estimates from UBS analysts [5] - Starbucks (SBUX) shares ticked up by 2.8%, with a return to work expected for union-backed baristas after a strike, and operations anticipated to remain largely unaffected [6] Underperformers - Walgreens Boots Alliance (WBA) shares fell by 1.2%, continuing a downward trend after earlier gains related to potential sale talks, and are down nearly 65% in 2024 [7] - Celanese (CE) shares also decreased by 1.2%, with RBC cutting its price target due to margin pressures from high energy costs [8]

Core Points - American Airlines has grounded all its U.S. flights due to a "technical issue" [2] - The airline is working to resolve the issue quickly and has apologized to customers for the inconvenience [1][4] - This incident follows a previous operational meltdown at Southwest Airlines in 2022, which resulted in over 16,900 flight cancellations and a record fine of $140 million imposed by the U.S. government in 2023 [1] Customer Impact - Passengers traveling during the Christmas period have reported delays and diversions on social media, with complaints emerging from crowded airports [3] - An airport staff member at Fort Lauderdale was heard stating that "our system is down," indicating widespread operational disruptions [3] Regulatory Response - The Federal Aviation Administration (FAA) confirmed that American Airlines requested a nationwide ground stop, but directed all inquiries to the airline for further information [4] - American Airlines has not provided a specific timeline for when the technical issue will be resolved, but is attempting to fix it as quickly as possible [4]

Melbourne, Florida, Dec. 11, 2024 (GLOBE NEWSWIRE) -- MELBOURNE, Fla. – Dec. 11, 2024 - Eve Air Mobility (NYSE: EVEX; EVEXW), a global leader in manufacturing and providing services for electric vertical take-off and landing (eVTOL) aircraft, and Signature Aviation, the world’s largest network of private aviation terminals, have signed a Memorandum of Understanding (MoU) to research ecosystem requirements as well as the ground services necessary for safe, efficient and scalable Advanced Air Mobility (AAM) g ...

Group 1 - The article highlights a successful investment call for Eve Holdings (NYSE: EVEX), with a price target of $4.03 that has been exceeded, resulting in a return of 46.8% as the stock is now trading at $4.11 [1] - The investing group, The Aerospace Forum, focuses on identifying investment opportunities within the aerospace, defense, and airline sectors, leveraging data analytics for informed decision-making [1] - The analyst has a background in aerospace engineering, providing context and analysis of industry developments that could impact investment strategies [1] Group 2 - The article emphasizes the importance of data-informed analysis in driving investment ideas within the aerospace and defense industry, which is characterized by significant growth prospects [1]

Financial Data and Key Metrics Changes - The company raised $236 million since July through a mix of debt and equity, resulting in pro forma liquidity of $445 million in Q3 2024, which is equivalent to three years of current cash consumption [25][28] - The net loss for Q3 2024 was $36 million, with cash consumption of $34 million for the quarter and $101 million for the first nine months of 2024, in line with guidance [27][29] - Cash at the end of Q3 2024 was $280 million, an increase of $73 million from the previous quarter [28] Business Line Data and Key Metrics Changes - The company invested $32 million in program development during Q3 2024, with R&D activities accelerating due to increased headcount and supplier engagement [26] - SG&A expenses were $9 million for the quarter, reflecting a larger workforce [26] Market Data and Key Metrics Changes - The total pre-order backlog stands at approximately 2,900 aircraft, valued at $14.4 billion based on list prices, with non-binding letters of intent from 30 different customers across 13 countries [23] - The services revenue backlog increased by 30% quarter-over-quarter to $1.6 billion [56] Company Strategy and Development Direction - The company is focused on advancing the eVTOL development and achieving certification, with the first flight of the engineering prototype expected in early 2025 and final certification anticipated in 2027 [18][35] - The launch of Eve TechCare, an integrated service portfolio, aims to enhance eVTOL availability and reduce operating costs, showcasing the company's holistic approach to urban air mobility [19][21] Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of delivering a mature and reliable product, focusing on customer needs rather than being the first to market [33] - The company views the recent regulatory developments, including the publication of the certification basis by ANAC and the SFAR by the FAA, as supportive for the industry [10][16] Other Important Information - The company is preparing for the flight test campaign and has integrated various systems in the eVTOL prototype, including command and control mechanisms [14][18] - The company is also working on a training program for pilots and maintenance personnel in collaboration with Embraer-CAE Training Services [20][83] Q&A Session Summary Question: Update on type certification timeline and implications for revenue - Management acknowledged a slight shift in the certification timeline from late 2026 to 2027, attributing it to the complexity of the development process and the need for thorough testing [31][35] Question: Timing of CapEx for production facility - The company confirmed that the peak of investments for the production facility will occur in 2026, with initial investments of around $20 million expected next year [37][38] Question: Liquidity and potential new credit facilities - Management expressed confidence in their liquidity position, stating that they are not planning new capital raises in the short term but are always evaluating options [44] Question: Significance of SFAR regulations - The management highlighted the clarity provided by the final SFAR document, which simplifies training requirements and supports operational planning [46][50] Question: TechCare offering and its significance - The launch of TechCare is aimed at ensuring operational readiness and customer support well ahead of the eVTOL's entry into service, emphasizing the importance of a robust ecosystem [80][82]

3Q24 EVE UPDATE N O V E M B E R 4 , 2 0 2 4 EVE LATEST PRODUCT DEVELOPMENTS eVTOL GETTING READY TO FLY • Battery installation, facilitated by multiple and removable carbon-fiber panels • Lifter motors being produced and tested – expected delivery in December • 1 st flight expected in 1H25 CERTIFICATION BASIS PUBLISHED BY BRAZILIAN AVIATION AUTHORITY (ANAC) • Critical milestone achieved with certification basis published by ANAC in Brazil • Means of compliance and FAA validation pathway under discussion • FA ...

Key TakeawaysTrump Media stock was moving between gains and losses early Monday as volatility in the stock continues ahead of Tuesday's presidential vote.Some investors have turned to prediction markets, while others have looked to crypto markets, with bitcoin down from its highs last week. Shares of Trump Media & Technology Group (DJT) moved between losses and gains early Monday, extending a volatile stretch of trading for the company that has become a measure of investors’ moods ahead of Election Day. The ...

Eve Air Mobility Third Quarter 2024 Results | --- | --- | --- | --- | --- | --- | --- | --- | |--------------|--------------------|-------|-------|------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | November 4, 2024 | | | | | EVEXNYSE | eveairmobility.com | | | | | | | EVE 3024 1023 91424 0123 INCOME STATEHENT (32.4) (28.6) (96.2) (72.0) Research & Development (ASO) Selling, General & Administrative (SGMA) (0.4) ($.0) (20.3) (17.6) Ch ...