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 ...

Revenue Generation and Commercialization - Eve has not generated any revenue to date as it continues to develop its eVTOL vehicles and other UAM solutions, requiring substantial additional capital for future operations [99]. - The company anticipates commercialization of its eVTOL services and support business beginning in 2025, with initial revenue generation from eVTOL sales expected in the latter half of 2026 [106]. - The UAM market remains undeveloped, and Eve's revenue will be directly tied to the continued development and sale of eVTOL and related services [106]. - The company aims to obtain necessary certifications from aviation authorities such as ANAC, FAA, and EASA to launch its commercial services [110]. Partnerships and Market Position - Eve has signed non-binding letters of intent to sell over 2,900 eVTOL aircraft and has established partnerships with more than 30 market-leading partners across various segments [112]. - The company expects to leverage its strategic relationship with Embraer to accelerate development plans and reduce costs [95]. - Eve's growth strategy includes focusing on implementation and ecosystem readiness with existing partners while seeking additional UATM and support-services partnerships [112]. Financial Performance and Expenses - Research and development expenses increased by $5.9 million to $27.5 million for the three months ended March 31, 2024, primarily due to higher headcount and engineering expenses [116]. - Selling, general and administrative expenses rose by $0.3 million to $6.5 million, mainly driven by increased headcount and payroll costs [118]. - Net loss for the three months ended March 31, 2024, was $25.3 million, a slight improvement of $0.5 million compared to the net loss of $25.8 million in the same period of 2023 [114]. - Net cash used by operating activities increased by $15.9 million to $35.8 million for the three months ended March 31, 2024, primarily due to higher working capital and R&D expenses [129]. Liquidity and Capital Requirements - Total liquidity as of March 31, 2024, was approximately $280.0 million, including cash of $23.6 million and financial investments of $114.7 million [123]. - Future capital requirements will depend on revenue growth, customer cash flow timing, and the expansion of sales and marketing activities [124]. - The company expects to continue incurring losses and negative operating cash flows until sustainable commercial operations commence [121]. - The company may need to utilize a combination of equity and debt financing to fund future capital needs if sufficient operating cash flow is not generated [124]. Currency and Economic Impact - Eve's operations are significantly influenced by the Brazilian economic environment, including potential impacts from inflation and currency fluctuations [102][104]. - The Brazilian real's exchange rate was 4.9962 reais per US $1.00 as of March 31, 2024, impacting the company's foreign currency risk [143]. - Approximately 4% of the company's consolidated cash and financial investments were indexed to the Brazilian CDI rate as of March 31, 2024 [139]. - 3% of total assets and 17% of total liabilities are denominated in Brazilian reais, exposing the company to foreign currency risk [142].

Eve Holding, Inc. (EVEX) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a changi ...

Development & Milestones - Eve's eVTOL development pathway includes phases from joint definition to verification, targeting type certification and entry into service[20, 34] - 2023 milestones include selection of primary suppliers, aircraft systems architecture definition, initiation of first prototype assembly, and trial software of urban air traffic management[40] - 2024 milestones include concluding first prototype airframe assembly in the first half and initiating and progressing prototype tests in the second half[41] - Full-scale prototype assembly continues to advance[28] Suppliers & Components - Supply selection of approximately 90% of component value purchased has been achieved[6, 9] - New suppliers have been selected for various components including flight control, avionics, actuators, control surfaces and empennage, seats, sensors, thermal-management system, wings and pilot controls[6] Financials - Total cash consumption in 2023 was $95 million, compared to the guidance of $130-$150 million[40] - Total cash consumption for 2024 is projected to be between $130 and $170 million[37] Commercial - Letters of Intent have been received for up to 2,850 eVTOL aircraft[21, 43] - The company has 29 eVTOL customers in 13 countries, 14 UATM customers & partners in 3 continents, and 10 Services & Operations Solutions customers in 7 countries[35] - Services potential revenue is $660 Million and $8.6 Billion[42]

MELBOURNE, Fla., March 8, 2024 /PRNewswire/ -- Eve Holding, Inc. ("Eve") (NYSE: EVEX and EVEXW) reports its fourth quarter and fiscal year 2023 earnings results. Year in review Eve Air Mobility accomplished several milestones on our journey to shape the global Urban Air Mobility (UAM) ecosystem in 2023.  With suppliers of flight-critical components selected for our eVTOL, we defined its final architecture. The DNA of our aircraft remains unchanged with a Lift + Cruise configuration – eight dedicated propell ...