Group 1 - The article highlights a successful investment call for Eve Holdings (NYSE: EVEX), with a price target of $4.03 that has been exceeded, resulting in a return of 46.8% as the stock is now trading at $4.11 [1] - The investing group, The Aerospace Forum, focuses on identifying investment opportunities within the aerospace, defense, and airline sectors, leveraging data analytics for informed decision-making [1] - The analyst has a background in aerospace engineering, providing context and analysis of industry developments that could impact investment strategies [1] Group 2 - The article emphasizes the importance of data-informed analysis in driving investment ideas within the aerospace and defense industry, which is characterized by significant growth prospects [1]

Financial Data and Key Metrics Changes - The company raised $236 million since July through a mix of debt and equity, resulting in pro forma liquidity of $445 million in Q3 2024, which is equivalent to three years of current cash consumption [25][28] - The net loss for Q3 2024 was $36 million, with cash consumption of $34 million for the quarter and $101 million for the first nine months of 2024, in line with guidance [27][29] - Cash at the end of Q3 2024 was $280 million, an increase of $73 million from the previous quarter [28] Business Line Data and Key Metrics Changes - The company invested $32 million in program development during Q3 2024, with R&D activities accelerating due to increased headcount and supplier engagement [26] - SG&A expenses were $9 million for the quarter, reflecting a larger workforce [26] Market Data and Key Metrics Changes - The total pre-order backlog stands at approximately 2,900 aircraft, valued at $14.4 billion based on list prices, with non-binding letters of intent from 30 different customers across 13 countries [23] - The services revenue backlog increased by 30% quarter-over-quarter to $1.6 billion [56] Company Strategy and Development Direction - The company is focused on advancing the eVTOL development and achieving certification, with the first flight of the engineering prototype expected in early 2025 and final certification anticipated in 2027 [18][35] - The launch of Eve TechCare, an integrated service portfolio, aims to enhance eVTOL availability and reduce operating costs, showcasing the company's holistic approach to urban air mobility [19][21] Management's Comments on Operating Environment and Future Outlook - Management emphasized the importance of delivering a mature and reliable product, focusing on customer needs rather than being the first to market [33] - The company views the recent regulatory developments, including the publication of the certification basis by ANAC and the SFAR by the FAA, as supportive for the industry [10][16] Other Important Information - The company is preparing for the flight test campaign and has integrated various systems in the eVTOL prototype, including command and control mechanisms [14][18] - The company is also working on a training program for pilots and maintenance personnel in collaboration with Embraer-CAE Training Services [20][83] Q&A Session Summary Question: Update on type certification timeline and implications for revenue - Management acknowledged a slight shift in the certification timeline from late 2026 to 2027, attributing it to the complexity of the development process and the need for thorough testing [31][35] Question: Timing of CapEx for production facility - The company confirmed that the peak of investments for the production facility will occur in 2026, with initial investments of around $20 million expected next year [37][38] Question: Liquidity and potential new credit facilities - Management expressed confidence in their liquidity position, stating that they are not planning new capital raises in the short term but are always evaluating options [44] Question: Significance of SFAR regulations - The management highlighted the clarity provided by the final SFAR document, which simplifies training requirements and supports operational planning [46][50] Question: TechCare offering and its significance - The launch of TechCare is aimed at ensuring operational readiness and customer support well ahead of the eVTOL's entry into service, emphasizing the importance of a robust ecosystem [80][82]

3Q24 EVE UPDATE N O V E M B E R 4 , 2 0 2 4 EVE LATEST PRODUCT DEVELOPMENTS eVTOL GETTING READY TO FLY • Battery installation, facilitated by multiple and removable carbon-fiber panels • Lifter motors being produced and tested – expected delivery in December • 1 st flight expected in 1H25 CERTIFICATION BASIS PUBLISHED BY BRAZILIAN AVIATION AUTHORITY (ANAC) • Critical milestone achieved with certification basis published by ANAC in Brazil • Means of compliance and FAA validation pathway under discussion • FA ...

Key TakeawaysTrump Media stock was moving between gains and losses early Monday as volatility in the stock continues ahead of Tuesday's presidential vote.Some investors have turned to prediction markets, while others have looked to crypto markets, with bitcoin down from its highs last week. Shares of Trump Media & Technology Group (DJT) moved between losses and gains early Monday, extending a volatile stretch of trading for the company that has become a measure of investors’ moods ahead of Election Day. The ...

XH4D In October, I covered Eve Holding (NYSE:EVEX) with a buy rating. Since then, the stock price has performed horribly with a share price decline of over 60%. To me that continues to show the risks on the commercialization path of urban air mobility solutions. In this report, I will be discussing the most recent results with a focus on the risks and liquidity. The Risks And Opportunities Of Urban Air Mobility One risk I'm seeing with coverage of UAM or eVTOL names is that the disruptive technology is ofte ...

Financial Performance - Loss from operations for the three months ended June 30, 2024, was $(41,717) million, a 47% increase compared to $(28,454) million in the same period of 2023[102]. - Net loss for the three months ended June 30, 2024, was $(36,388) million, representing a 16% increase from $(31,410) million in the prior year[102]. - Net loss for the six months ended June 30, 2024, was $61.7 million, an increase of $4.5 million (8%) compared to the same period in 2023[103]. - Financial investment income decreased by $1.0 million (33%) for the three months ended June 30, 2024, due to a decrease in the average investment balance[110]. - Financial investment income decreased by $1.9 million (31%) for the six months ended June 30, 2024, due to a decrease in the average investment balance[110]. - SG&A expenses decreased by $1.2 million (19%) for the three months ended June 30, 2024, primarily due to lower payroll and outsourced service costs[107]. - Selling, general and administrative expenses decreased by $0.9 million (7%) for the six months ended June 30, 2024, mainly due to lower payroll and outsourced service costs[108]. - The company expects to continue incurring losses and negative operating cash flows until it successfully commences sustainable commercial operations[112]. Capital and Financing - The company raised $94 million in new equity financing by issuing 23,500,000 shares at $4.00 per share, with $30 million coming from Embraer Aircraft Holding, Inc.[86]. - The company received proceeds of approximately $357.3 million from the business combination and PIPE Investment, along with an additional $15.0 million from United Airlines Ventures[113]. - The company entered into a subscription agreement for the issuance of 400,000 shares of Common Stock at a price of $4.00 per share, raising $1.6 million[120]. - The company entered into a loan agreement with BNDES for a total borrowing availability of approximately $88.1 million to support eVTOL project development[118]. - Total liquidity as of June 30, 2024, was approximately $244.5 million, expected to fund operations for at least the next twelve months[114]. - The company plans to continue using liquidity primarily for research and development activities and personnel costs[115]. Research and Development - Research and development expenses increased by $14.5 million (66%) for the three months ended June 30, 2024, and by $20.4 million (47%) for the six months ended June 30, 2024, primarily due to increased headcount and engineering expenses[105]. - Research and development expenses rose by 66% to $36,317 thousand for the three months ended June 30, 2024, compared to $21,821 thousand in the same period of 2023[102]. - The company plans to develop a next-generation Urban Air Traffic Management software, "Vector," primarily as a subscription offering for air navigation service providers and fleet operators[90]. Business Operations and Strategy - Eve unveiled its first full-scale eVTOL prototype on July 3, 2024, with flight-testing expected to begin in late 2024[85]. - Eve has signed non-binding letters of intent to sell over 2,900 eVTOL aircraft and has established partnerships with over 30 market-leading companies in various sectors[99]. - The company anticipates commercialization of its eVTOL services and support business starting in 2025, with initial revenue generation from eVTOL sales expected in the latter half of 2026[94]. - The company plans to obtain necessary certifications from aviation authorities including ANAC, FAA, and EASA to launch commercial services[97]. - Eve's business model includes eVTOL production and design, service and operations solutions, and urban air traffic management[88]. - The company aims to leverage its strategic relationship with Embraer to accelerate development and reduce costs[84]. Risks and Uncertainties - Eve's ability to grow market share and achieve profitability is subject to various risks, including regulatory compliance and competition from other UAM developers[81]. - The Brazilian economic environment poses risks that could adversely affect Eve's business operations and financial condition[91]. - The company faces significant risks and uncertainties in achieving a viable business model for eVTOL services, including certification timelines and market adoption rates[100]. Accounting and Compliance - The company is classified as an "emerging growth company" under the JOBS Act, allowing it to delay the adoption of certain accounting standards[128]. - The company has elected to take advantage of reduced disclosure requirements, including exemptions from auditor attestation requirements under the Sarbanes-Oxley Act[129]. - The company will lose its emerging growth company status upon reaching total annual gross revenue of at least $1.2 billion or issuing more than $1.0 billion in non-convertible debt within a three-year period[130]. - The company benefits from an extended transition period for complying with new or revised accounting standards, making financial comparisons with other public companies more challenging[128]. - Management's estimates for financial statements are based on historical experience and reasonable assumptions, which may differ from actual results[126]. - The critical accounting estimates affecting the financial statements are detailed in the 2023 Form 10-K[126].

New capital financing includes equity injection participation from large strategic industrial companies and diversified investors Net proceeds, along with existing cash and long-term credit lines, position company for future success The Company entered into agreements, dated as of June 28, 2024, for the issuance and sale of 23,500,000 new shares of the Company's common stock at a purchase price of $4.00 per share, the exchange of certain warrants for shares of common stock, and the granting of warrants to c ...

Prototype Development - Full-scale prototype assembly is advancing at full speed[11] - The wing and empennage are connected to the fuselage structure[2] - Assembly of pylons and nacelles into the wing is in progress, along with the installation of the composite fuselage "skin"[2] - Wind-tunnel tests with rotors are upcoming[2] - Over 90% of component value has been purchased from suppliers[13] Commercial Progress - Eve's Urban Air Traffic Management Software ("Vector") was presented at Airspace World in Geneva[9] - New Vector customers were added, positively impacting services backlog[9] - AirX Inc signed a Letter of Intent (LOI) for up to 50 eVTOLs in Japan[9] - Letters of Intent have been signed for 2,900 eVTOL aircraft[34] Financials - The company anticipates total cash consumption between $130 million and $170 million for 2024[41]

Eve Air Mobility First Quarter 2024 Results May 07, 2024 eveairmobility.com EVE Eve Holding, Inc. First Quarter 2024 Financial Highlights Eve Air Mobility is an aerospace company dedicated to the development of an eVTOL (electric Vertical Takeoff and Landing) aircraft and the Urban Air Mobility (UAM) ecosystem that includes the aircraft development, Service & Operations Solutions and an Urban Air Traffic Management (Urban ATM) system. Eve is pre-revenue; we do not expect meaningful revenues, If any, during ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-39704 EVE HOLDING, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or org ...