Joby Aviation Reports Third Quarter 2023 Results
01 Noviembre 2023 - 2:05PM
Business Wire
Joby Aviation, Inc. (NYSE:JOBY), a company developing
all-electric aircraft for commercial passenger service, today
issued its Third Quarter 2023 Shareholder Letter detailing the
company’s operational and financial results for the period ending
September 30, 2023. The company will host a live audio webcast of
its conference call to discuss the results at 2:00 p.m. PT (5:00
p.m. ET) today.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20231101073226/en/
During Q3 2023, Joby completed a series
of flight tests in Marina, California, with four different pilots
on board the aircraft, demonstrating the ease of conducting a
number of maneuvers that pilots will be required to perform during
normal operations. Joby Aviation Image
Third Quarter 2023 Highlights:
- Certification Progress. Stage three nearing completion,
with 84% of Certification Plans now accepted by FAA, including
Energy Storage and Distribution System Plan, which covers batteries
and high-voltage power distribution.
- First Delivery. A Joby aircraft became the first
electric air taxi delivered to the U.S. Air Force — months ahead of
schedule — as part of the Company’s $131 million contract with the
Department of Defense.
- Pilot on Board. Joby’s flight test program was expanded
to include flight with a pilot on board. Four Joby pilots completed
flights that included forward transitions to semi-thrust borne
flight.
- Building the Future. Three aircraft are now in
production at Joby’s Pilot Production Facility in Marina. Dayton,
OH, was selected as the site for the Company’s first scaled
manufacturing facility, with state and local agencies offering
incentives and benefits totaling up to $325 million in
support.
- Strong Financial Foundation. At the end of the third
quarter of 2023, Joby had $1.1 billion in cash and short-term
investments.
Third Quarter Financial Results Webcast Details:
What: Joby Third Quarter 2023 Financial Results Webcast
When: Wednesday, November 1, 2023
Time: 2:00 p.m. PT (5:00 p.m. ET)
Webcast: Upcoming Events
(https://ir.jobyaviation.com/news-events/ir-calendar) section of
the company website (www.jobyaviation.com).
If unable to attend the webcast, to listen by phone, please dial
1-877-407-9719 or 1-201-378-4906. A replay of the webcast will be
available on the company website following the event.
About Joby Aviation
Joby Aviation, Inc. (NYSE: JOBY) is a California-based
transportation company developing an all-electric vertical take-off
and landing aircraft which it intends to operate as part of a fast,
quiet, and convenient service in cities around the world. To learn
more, visit www.jobyaviation.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995, including but not limited
to, 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. You can identify
forward-looking statements by the fact that they do not relate
strictly to historical or current facts. These statements may
include words such as “anticipate”, “estimate”, “expect”,
“project”, “plan”, “intend”, “believe”, “may”, “will”, “should”,
“can have”, “likely” and other words and terms of similar meaning
in connection with any discussion of the timing or nature of future
operating or financial performance or other events. All forward
looking statements are subject to risks and uncertainties that may
cause actual results to differ materially, including: our ability
to launch our aerial ridesharing service and the growth of the
urban air mobility market generally; our ability to produce
aircraft that meet our performance expectations in the volumes and
on the timelines that we project, and our ability to launch our
service; the competitive environment in which we operate; our
future capital needs; our ability to adequately protect and enforce
our intellectual property rights; our ability to effectively
respond to evolving regulations and standards relating to our
aircraft; our reliance on third-party suppliers and service
partners; uncertainties related to our estimates of the size of the
market for our service and future revenue opportunities; and other
important factors discussed in the section titled “Risk Factors” in
our Annual Report on Form 10-K, filed with the Securities and
Exchange Commission (the “SEC”) on March 1, 2023, and in future
filings and other reports we file with or furnish to the SEC. Any
such forward-looking statements represent management’s estimates
and beliefs as of the date of this press release. While we may
elect to update such forward-looking statements at some point in
the future, we disclaim any obligation to do so, even if subsequent
events cause our views to change.
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