Eve (EVEX)

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Eve (EVEX) - 2023 Q2 - Earnings Call Transcript
2023-08-08 23:44
Eve Holding, Inc. (NYSE:EVEX) Q2 2023 Results Conference Call August 8, 2023 9:00 AM ET Company Participants Lucio Aldworth - Director of Investor Relations Gerard DeMuro - Co-Chief Executive Officer Andre Stein - Co-Chief Executive Officer Eduardo Couto - Chief Financial Officer Conference Call Participants SavanthiSyth - Raymond James Cai von Rumohr - TD Cowen & Co Jonathan Koutras - JPMorgan Sheila Kahyaoglu - Jefferies Austin Moeller - Canaccord Andres Sheppard - Cantor Fitzgerald Marvin Fong - BTIG Op ...
Eve (EVEX) - 2023 Q2 - Quarterly Report
2023-08-07 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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) 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 June 30, 2023 (State or other jurisdiction of incorporation or orga ...
Eve (EVEX) - 2023 Q1 - Earnings Call Transcript
2023-05-14 09:03
Eve Holding, Inc. (NYSE:EVEX) Q1 2023 Earnings Call May 9, 2023 8:00 AM ET Company Participants Lucio Aldworth - Director, Investor Relations Gerard J. DeMuro - Co-Chief Executive Officer André Duarte Stein - Co-Chief Executive Officer Eduardo Couto - Chief Financial Officer Conference Call Participants Savanthi Syth - Raymond James Cai von Rumohr - Cowen Sheila Kahyaoglu - Jefferies Andres Sheppard - Cantor Fitzgerald Marvin Fong - BTIG Operator Good morning, and welcome to the Eve Air Mobility First Quart ...
Eve (EVEX) - 2023 Q1 - Quarterly Report
2023-05-08 16:00
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, 2023 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 ...
Eve (EVEX) - 2022 Q4 - Annual Report
2023-03-22 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 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. Delaware 85-2549808 (State or other jurisdiction of incorporation or organization) 1400 General Aviation Drive M ...
Eve (EVEX) - 2022 Q4 - Earnings Call Transcript
2023-03-16 18:02
Financial Data and Key Metrics Changes - The company reported a net loss of $20 million for Q4 2022 and a total loss of $174 million for the year, with nonrecurring costs related to warrants and IPO expenses amounting to $111 million, resulting in a recurring loss of $63 million for 2022 [21][97][102] - Total liquidity at the end of Q4 2022 was $311 million, down from $330 million in Q3 2022, but with additional credit lines, total liquidity exceeds $400 million, sufficient to fund operations through 2025 [82][116] Business Line Data and Key Metrics Changes - The company has a diversified backlog with nonbinding letters of intent (LOIs) for 2,770 aircraft from 26 customers across 12 countries, indicating strong long-term revenue visibility [9] - R&D investments totaled $18 million in Q4 2022 and $52 million for the full year, primarily focused on eVTOL development and Urban Air Traffic Management systems [97] Market Data and Key Metrics Changes - The company is leveraging Embraer's existing infrastructure and skilled workforce, which helps reduce development costs and enhances operational efficiency [98] - The eVTOL market is evolving, with a shift from hype to a more mature phase, leading to potential consolidations and a focus on a smaller number of viable projects [54] Company Strategy and Development Direction - The company aims to enter service in 2026, with a focus on optimizing aircraft design and reducing development costs through rigorous testing and supplier engagement [7][92] - The strategy includes developing a complete solution encompassing aircraft, maintenance, and air traffic control, addressing the broader Urban Air Mobility ecosystem [81][98] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the liquidity position and the ability to fund R&D and certification efforts through 2025, emphasizing a strategic approach to customer engagement and market readiness [63][102] - The company is actively engaged with existing customers to refine operational concepts and ensure market readiness for eVTOL deployment [43] Other Important Information - The company has initiated its Type Certification process with ANAC and plans to follow with FAA certification, which is expected to be more efficient due to a bilateral agreement [93] - The Urban Air Traffic Management software is being developed concurrently, with early versions already deployed for testing with potential customers [79][48] Q&A Session Summary Question: What is the current demand environment for new orders? - The company continues its sales campaign and is actively engaging with existing customers to understand operational needs, while also exploring new customer opportunities [43] Question: When can the company start collecting predelivery payments (PDPs)? - The company anticipates starting to see PDPs in 2024, with expectations for increased collections in 2025 and 2026 as the certification milestones are achieved [65][66] Question: How is the supplier selection process progressing? - The company is in the process of finalizing supplier selections for critical components, which will provide clearer visibility on costs and enable the firming of orders [106][112] Question: What is the expected timeline for certification testing? - The certification flight test campaign is expected to take around 18 months, with the company not disclosing specific dates to ensure safety and compliance [127] Question: How does the company view the competitive landscape in the eVTOL market? - Management noted that the industry is moving beyond the initial hype phase, with a focus on a smaller number of viable projects and potential consolidations [54]
Eve (EVEX) - 2022 Q3 - Earnings Call Transcript
2022-12-23 18:34
Eve Holding, Inc. (NYSE:EVEX) Q3 2022 Earnings Conference Call December 23, 2022 9:00 AM ET Company Participants Lucio Aldworth - Director of IR Jerry DeMuro - Co-CEO Eduardo Couto - CFO Andre Stein - Co-CEO Conference Call Participants Savanthi Syth - Raymond James Ellen Page - Jefferies David Zazula - Barclays Marcelo Motta - JPMorgan Marvin Fong - BTIG Operator Greetings. Welcome to Eve Air Mobility Third Quarter 2022 Earnings Call. At this time, all participants are in listen only mode. A question-and-a ...
Eve (EVEX) - 2022 Q3 - Quarterly Report
2022-12-22 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 ☐ 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) Delaware 85-2549808 (State or other jurisdiction of ...
Eve (EVEX) - 2022 Q2 - Earnings Call Transcript
2022-08-06 02:36
Eve Holding, Inc. (NYSE:EVEX) Q2 2022 Results Conference Call August 4, 2022 12:00 PM ET Company Participants Lucio Aldworth - Director of Investor Relations Jerry DeMuro - Co-Chief Executive Officer Andre Stein - Co-Chief Executive Officer Eduardo Couto - Chief Financial Officer Luiz Valentini - Chief Technology Officer Conference Call Participants Sheila Kahyaoglu - Jefferies Savanthi Syth - Raymond James Marvin Fong - BTIG Jeff Hung - Morgan Stanley Josh Milberg - Morgan Stanley Operator Greetings. Welco ...
Eve (EVEX) - 2022 Q2 - Quarterly Report
2022-08-03 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading symbol(s) Name of each exchange on which registered Common Stock, par value $0.001 per share EVEX The New York Stock Exchange Warrants, each whole warrant exercisable for one share of Common Stock EVEXW The New York Stock Exchange FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECT ...