Financial PerformanceEve Air Mobility reported a Q3/24 net loss of $35.8M, approximately 15% greater than in Q3/23, due to higher R&D spend and an expanded workforce driving SG&A expenses higher.
Industry RisksEve faces several risks including limited visibility on the total addressable market for eVTOLs due to the nascent nature of the industry and reliance on the parallel development of infrastructure like air traffic control and vertiports.
Market ShareEve’s market share on total eVTOL orders is down 16% as of June-2024, compared to over 20% a year ago.