Financial PerformanceEve Air Mobility reported a Q1/24 net loss of ($25.3M), which was slightly better than in the prior year.
Free Cash FlowEve’s Q1/24 FCF use came in at ($35.9M), an increase of 80% y/y as development work continued.
Order Book RiskThe loss of one customer in the order book highlights the risk, as all of EVEX's 2,850 orders remain non-binding at this time.