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Joby Aviation, Inc. (JOBY)
:JOBY
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.19Last Year’s EPS
-0.14Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: 4.48%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
Joby Aviation is demonstrating strong advancements in certification, manufacturing, and funding, positioning itself well for future operations, despite facing financial challenges and uncertainties in certification timelines.Company Guidance
During Joby Aviation's fourth quarter 2024 conference call, the company provided a comprehensive update on its financial health and strategic progress. Joby reported cash and short-term investments totaling $933 million, bolstered by net proceeds from equity offerings totaling $350 million. The company anticipates additional funding from Toyota, with two $250 million investment tranches expected in 2025, which would bring their cash reserves to over $1.4 billion. Joby recorded a net loss of $246 million for the quarter, including $97 million in non-cash losses related to derivative liabilities. The adjusted EBITDA loss was $119 million, reflecting increased expenses in manufacturing and certification. Looking ahead, Joby projects its 2025 cash usage to be between $500 million and $540 million to support its ambitious manufacturing and certification goals, including expanding its Marina and Ohio facilities. The company is on track to advance its FAA certification process, with TIA flight testing expected within the next 12 months, and aims to commence passenger operations in Dubai by late 2025 or early 2026.Record Progress on Type Certification
Joby Aviation made record progress on Stage 4 of type certification, setting a strong foundation for upcoming TIA flight testing within the next 12 months.
Significant New Funding
Joby secured over $1 billion in additional funding and commitments, including $500 million from Toyota, indicating robust investor confidence.
Expansion into Dubai
Joby plans to deliver an aircraft to Dubai by mid-year to demonstrate readiness for passenger operations, marking a significant step in international expansion.
Strong Manufacturing and Delivery
Joby is the only eVTOL company with multiple aircraft deliveries from a production line, having delivered four aircraft from its Marina facility.
Robust Balance Sheet
Joby ended the year with $933 million in cash and short-term investments, with expected inflows from Toyota bringing it to over $1.4 billion.
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JOBY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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JOBY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $6.70 | $6.75 | +0.75% |
| Nov 06, 2024 | $5.07 | $5.10 | +0.59% |
| Aug 07, 2024 | $4.91 | $5.20 | +5.91% |
| May 07, 2024 | $5.37 | $4.89 | -8.94% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Joby Aviation, Inc. (JOBY) report earnings?
Joby Aviation, Inc. (JOBY) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Joby Aviation, Inc. (JOBY) earnings time?
Joby Aviation, Inc. (JOBY) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is JOBY EPS forecast?
JOBY EPS forecast for the fiscal quarter 2025 (Q1) is -0.19.
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