Shareholder Letter Q2 2024 4 A Al IL l Joby jobyaviation.com AUGUST 7, 2024 JOBY AVIATION Q2-2024 Highlights AT A GLANCE Production Ramp-Up Our third production prototype aircraft rolled off our pilot assembly line and our second began flying. We expect to have four aircraft in active flight test during the next quarter. Certification Progress The fourth stage of type certification is now more than one-third complete on the Joby side, with numerous test plans submitted and accepted during the quarter. Inter ...

Joby Aviation Inc. JOBY stock is catching the market's attention with a 3.64% rise by 2:30 p.m. ET and was trading at $5.14 per share at last check Tuesday. This surge comes on the back of exciting news that the company has formally applied for its revolutionary electric air taxi to be certified for use in Australia. This move represents a significant step in Joby's global expansion efforts, which also include ongoing certification processes with Japan's Civil Aviation Bureau and the UK's Civil Aviation Aut ...

Add to Watchlist There is a bull case for Joby Aviation NYSE: JOBY that has nothing to do with the June CPI report, but that report made it stronger. The case is stronger because the CPI was cooler than expected, affirming the outlook for interest rate cuts. The outlook for interest rate cuts means an economic pivot will begin later this year, as early as September, which means better times lie ahead. Get Joby Aviation alerts: The third development is a successful test flight of Joby's hydrogen fuel-cell eV ...

Although it is helping to create an entirely new industry from the ground up, Wall Street remains upbeat about its prospects for a successful launch. As it could be the first eVTOL company to get FAA approval to fly commercially, Joby Aviation stock could soar even higher. Ready for Takeoff Analyst Sheppard's $10 per share price target implies 61% upside potential in Joby Aviation stock. At the time the Cantor Fitzgerald senior analyst reiterated his buy rating, JOBY had been trading at around $6.50 per sha ...

Joby Aviation leads the eVTOL race with a vertically integrated business model, strong financials, and high institutional ownership, but investors should consider the long path to profitability. The company stands at the forefront of the electric vertical takeoff and landing (eVTOL) aircraft race, pushing the boundaries of urban air mobility. As such, let's take a deep dive into the company's business model, stock performance, and near-term outlook to see if it deserves a spot in your portfolio. Joby's busi ...

Joby Aviation Today JOBY Joby Aviation $7.47 +0.52 (+7.48%) 52-Week Range $4.50 $10.68 Price Target $7.50 Add to Watchlist Joby Aviation NYSE: JOBY is taking flight, but investors should wait until the next stock price dip before buying in. The recent 50% surge in stock price was driven by good news, but there has been little change in the near-term outlook. The takeaway is that Joby is improving its position, is on track to commence commercial operations next year, and is building leverage for the future. ...

Joby Aviation stock has flown 49% higher over the last week alone. Joby Aviation (JOBY 7.34%) stock is posting big gains Tuesday. The company's share price was up 9.7% as of 3:30 p.m. EDT, according to data from S&P Global Market Intelligence. On the heels of explosive bullish momentum powered by news of a successful testing for one of the company's flying-electric vehicles last week, Joby stock has continued to rally early in this week's trading. Today's gains appear to be driven by recent insider-ownershi ...

Data by YCharts Our adjusted EBITDA loss was $35 million higher than in the same period last year, reflecting the growth in our organization, expenses to support manufacturing and certification, lower DoD contract deliverables, and higher production volumes as we ramp up manufacturing on our way to an equivalent of 12 aircraft per year as we exit 2024. After the company begins generating revenue from passengers in its commercial operation, Joby's business unproven business model may take some time to scale ...

Operations To Date Joby booked its first revenue in 2023 of $1 million, the second aircraft it produced is due to join the first at Edwards Air Force Base later this year and the company said two more aircraft are in final assembly. Joby announced they will deliver two more planes to the US military in 2025, the Agility contract Joby has with the military allows for delivery of up to nine aircraft. Conclusion I have given Joby a strong Buy Rating in the past and have owned shares since April 2022 when I pub ...

Joby Aviation (NYSE:JOBY) stock is flying higher on Thursday after the electric vertical takeoff and landing (eVTOL) company reported a new milestone for its aircraft. It also highlights that this will allow for much longer transits than what's possible with just an electric aircraft. It uses trips between San Francisco to San Diego, Boston to Baltimore, and Nashville to New Orleans as examples of this. JoeBen Bevirt, Founder and CEO of Joby Aviation, said the following about the news and how it affects the ...