double_m
3 semanas hace
Joby Reports Third Quarter 2024 Results
November 06 2024 - 4:05PM
Joby Aviation, Inc. (NYSE:JOBY), a next-generation aviation company, today issued its Third Quarter 2024 Shareholder Letter detailing the Company’s operational and financial results for the period ending September 30, 2024. 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.
Third Quarter 2024 Highlights:
First International Demonstration: We completed a number of exhibition flights at Toyota’s Higashi-Fuji Technical Center in Japan, using our third production prototype aircraft which rolled off the production line less than three months prior.
Test and Certification: We reached a major landmark on our journey to type certification with the completion of our first FAA-conforming major sub-assembly, an aircraft tail. Our fourth production prototype is nearing completion and will join our flight test program shortly.
Regulatory Progress: Important progress was made with regulators in each of our targeted launch markets. In the U.S., we welcomed the publication of new operating regulations that lay the groundwork for the launch of commercial operations.
Toyota Investment: Building on nearly seven years of collaboration, Toyota committed to investing an additional $500 million in Joby, as part of an agreement that includes plans to establish a manufacturing alliance.
Strong Financial Foundation: At the end of the third quarter of 2024, we maintained a strong balance sheet with $710 million in cash and short-term investments. This balance does not include the approximately $222 million raised through a follow-on equity offering completed in October 2024 or the expected Toyota investments totaling $500 million.
Third Quarter Financial Results Webcast Details:
What: Joby Third Quarter 2024 Financial Results Webcast
When: Wednesday, November 6, 2024
Time: 2:00 PM PT (5:00 PM 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.
https://ih.advfn.com/stock-market/NYSE/joby-aviation-JOBY/stock-news/94853549/joby-reports-third-quarter-2024-results
Citrati
2 meses hace
Statistical information.
https://stockanalysis.com/stocks/joby/statistics/
"After the investment, which will come in two equal tranches later this year and next, Toyota will own about 22% of Joby's outstanding shares. “Today's investment builds on nearly seven years of collaboration between our companies,” said JoeBen Bevirt, founder and CEO, Joby Aviation."
19.87% is held by retail investors at present.
Large shareholders of JOBY stock include:
As of June 30, 2024, Vanguard Group Inc. owned 39,278,606 shares of Joby
Baillie Gifford & Co. 52,869,559 shares
Capricorn Investment Group Llc: 40,360,591 shares
Blackrock Finance, Inc. 28,522,496 shares
8Vc Gp I, Llc: 14,395,000 shares
Delta Air Lines, Inc. 11,044,232 shares
Geode Capital Management, Llc: 8,719,868 shares
State Street Corp. 8,560,388 shares
Morgan Stanley: 4,545,075 shares
Ieq Capital, Llc: 4,441,574 shares