Lilium N.V. (LILM) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, LILM's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross."Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-d ...

Lilium's news today could be good news, but the context is concerning.Shares of German flying electric-car manufacturer Lilium N.V. (LILM 4.82%) took off in a blaze of glory this morning, shooting 15.4% higher (through 10 a.m. ET) after announcing that Floridian air-taxi company UbranLink will buy 20 of its all-electric vertical take-off and landing (eVTOL) Lilium Jets and take out an option to buy 20 more. The announcement comes just days after Lilium filed notice with the SEC that one of its shareholders ...

UrbanLink's firm purchase order of 20 Lilium Jets, with an option for 20 more, includes scheduled pre-delivery payments.The agreement marks a critical aviation milestone as UrbanLink becomes the first airline in the U.S. fully committed to integrating eVTOL aircraft into its fleet.UrbanLink will begin operations with a regional network connecting cities in South Florida. MIAMI, May 06, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ:LILM), developer of the first all-electric vertical take-off and landing ("eVT ...

The first public unveiling of full-scale Lilium Jet model is set to occur next month in GenevaThe Lilium Jet model will be located at Stand A39, as part of Lilium's largest EBACE presence to date and as one of the show's largest exhibitorsThe showcase will also feature the Lilium Jet charging infrastructure and an immersive flight simulator experience for visitors MUNICH, Germany, April 30, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ:LILM), developer of the first all-electric vertical take-off and landing ...

Lilium's battery packs are being designed to meet the highest aviation safety standards First units off the battery assembly line at Lilium's headquarters will be used for verification testing ahead of first piloted flight of the revolutionary Lilium Jet, targeted for end of 2024This follows several years of extensive testing of battery pack subcomponents from individual cell to stack level with a focus on performance, safety and regulatory conformityEach Lilium Jet will be fitted with 10 independent batter ...

Financial Performance and Projections - The company incurred significant operating losses of €400.6 million, €278.9 million, and €270.7 million for the years ended December 31, 2021, 2022, and 2023, respectively, and expects to continue incurring substantial losses during 2024[86]. - The company anticipates requiring substantial additional cash to fund operations until the first manned flight test of the Lilium Jet, targeted for late 2024, with significant pre-delivery payments expected thereafter[78]. - The company has substantial doubt about its ability to continue as a going concern without raising additional funds[88]. - Finance expenses increased to €131.1 million in 2023 from €2.0 million in 2022, primarily due to changes in the fair value of warrants amounting to €129.6 million[90]. - Research and development expenses were €183.8 million in 2023, up from €175.6 million in 2022, indicating ongoing investment in product development[100]. Market and Competitive Landscape - The company faces risks related to the eVTOL market's development, including potential delays in certification and adoption of its Lilium Jets[75]. - The company faces intense competition in the eVTOL market, with competitors potentially having greater resources and capabilities[112]. - The total addressable market for eVTOL RAM services is based on various assumptions, and any inaccuracies could negatively impact revenue and profitability[98]. - The eVTOL aircraft market is projected to represent $255 billion in revenues by 2035 and $1.0 trillion by 2040, according to Morgan Stanley[235]. - By 2035, Lilium estimates a total global demand for eVTOL aircraft could range from 5,000 to 10,000 aircraft annually[235]. Development and Certification Challenges - The Lilium Jet remains in development and has not yet received type certification, which is essential for commercial operations[93]. - The company is dependent on successful completion of its research and development program and regulatory approvals to progress towards commercialization[86]. - The Lilium Jet's operations are subject to evolving regulatory standards, which may impact certification timelines and operational capabilities[91]. - Delays in regulatory approvals and certification could materially damage the company's brand and financial condition[104]. - The company must obtain certification from national civil aviation authorities, such as EASA and FAA, to operate its jets, with failure to do so adversely affecting business[164]. Operational and Strategic Initiatives - The company plans to continue significant capital expenditures to expand development, certification, production, and commercial launch activities, including building production capabilities and engaging suppliers[87]. - The company is focused on developing relationships with infrastructure providers and third-party operators to support the launch and operation of network operations[87]. - The company is evaluating strategic opportunities, including joint ventures and partnerships, which may involve issuing additional shares[83]. - The company has expanded its manufacturing and testing facility at Oberpfaffenhofen airfield, starting assembly of the Lilium Jet for testing and certification in 2023[123]. - The company expects to commence delivery of the Lilium Jet to customers in 2026, but potential defects in design and manufacturing could delay this timeline[124]. Risks and Uncertainties - The company has limited operating history and faces uncertainty regarding customer demand for its products and services, which may impact future capital requirements[79]. - The company may need to raise additional capital through equity or debt financing, which could dilute existing shareholders and affect market price[81]. - The company faces challenges in managing growth and commercializing operations in a new industry[101]. - The company faces a significant shortage of trained pilots and qualified mechanics in the aviation industry, which could hinder the demand for its products and services[128]. - The company is at risk of adverse publicity from incidents involving its jets or competitors, which could negatively impact customer demand and financial condition[122]. Technology and Product Development - The Lilium Jet is designed to achieve a cruise speed of 250 kilometers per hour and a physical range of 250 kilometers, with an expected operating range of 175 kilometers at full payload[248]. - The battery system is being developed in collaboration with Ionblox, Inc. and aims for ranges exceeding 31 miles until 2027, utilizing a silicon-dominant anode and NMC cathodes[258]. - The Lilium Jet features 30 engines mounted on individually controllable flaps, enhancing flight control efficiency and authority during all flight phases[264]. - The flight control system's redundancy allows for stabilization in case of flap failure, redistributing thrust to maintain control[265]. - The company is focused on developing battery pack design and energy management in-house while collaborating with third parties for battery cell design[263]. Regulatory and Compliance Issues - Compliance with increasingly complex data privacy regulations, such as GDPR and CCPA, could incur substantial costs and affect business practices[135]. - The company is subject to anti-corruption and anti-bribery laws, with non-compliance potentially leading to severe penalties and reputational damage[167]. - The company faces significant risks related to the unauthorized use of its intellectual property, which could harm its competitive position and revenue[155]. - Patent applications may not be granted, potentially affecting the company's ability to prevent competitors from exploiting similar products[157]. - The company is classified as an "emerging growth company" under the JOBS Act, which allows it to take advantage of reduced SEC reporting requirements[182]. Shareholder and Market Considerations - The closing price of the company's Class A Shares on March 14, 2024, was $0.95, below the Nasdaq minimum bid price requirement of $1.00 for continued listing[180]. - The company received a Deficiency Notice from Nasdaq on February 22, 2024, indicating non-compliance with the minimum bid price requirement for 30 consecutive trading days[180]. - Future issuances of debt or equity securities may dilute existing shareholders and adversely affect the market price of Class A Shares[193]. - A substantial number of Class A Shares are reserved for issuance upon the exercise of stock options and warrants, which could lead to increased dilution[194]. - The rights of shareholders under Dutch corporate law differ materially from those under U.S. law, potentially affecting shareholder protections[209].

Lilium N.V. (NASDAQ:LILM) Q4 2023 Earnings Conference Call February 27, 2024 8:00 AM ET Company Participants Rama Bondada - Global Head of Investor Relations Klaus Roewe - Chief Executive Officer and Executive Director Oliver Vogelgesang - Chief Financial Officer Sebastien Borel - Chief Commercial Officer Conference Call Participants Bill Peterson - JPMorgan Alex Potter - Piper Sandler Austin Moeller - Canaccord Genuity LLC Savanthi Syth - Raymond James Griffin Boss - B. Riley Security Operator Good day and ...

2023 Accomplishments - Lilium received Design Organization Approval by EASA[23, 24] - Lilium signed an MoU with Lufthansa Group for a strategic partnership[23, 26] - Lilium started the assembly of the first Lilium Jet[23, 42] - Lilium secured a high-volume battery cell partnership[23] - Lilium established a customer service business[23] - Lilium completed $292 million in funding[23] Financial Status - Lilium's adjusted cash spend in H2 2023 was below expectation at €150 million[32] - Lilium's unaudited liquidity as of December 31 was €198 million[32] - Lilium's adjusted cash spend guidance for H1-2024 is between €170 and 180 million[32] Strategic Focus - Lilium is shifting from the design phase to industrialization[10] - Lilium is focused on an OEM and Aftersales business model[47] - Lilium has approximately 45 firm orders and approximately 685 aircraft under MoU[36]

Financial Performance and Projections - The company incurred significant operating losses of €138.7 million, €400.6 million, and €278.9 million for the years ended December 31, 2020, 2021, and 2022, respectively, and expects to continue incurring substantial losses during 2023[75]. - As of December 31, 2022, the company had approximately $220 million in cash available and estimates it will require more than $300 million to fund operations until the first manned flight test in the second half of 2024[78]. - The company has substantial doubt about its ability to continue as a going concern due to ongoing losses and the need for additional capital[77]. - The anticipated receipt of substantial pre-delivery payments is subject to various risks and uncertainties that could impact the company's financial condition[78]. - The company may need to sell additional equity or debt securities to meet its future capital needs, which could dilute existing shareholders[82]. - Research and development expenses were €90.3 million, €144.6 million, and €175.6 million in 2020, 2021, and 2022, respectively, indicating a significant increase in costs[92]. - The company expects to incur significant costs related to scaling operations, including pilot salaries, landing fees, and maintenance[92]. - Delays in the development and commercialization of Lilium Jets could materially impact the company's financial condition and results of operations[100]. Regulatory and Compliance Challenges - The company faces significant challenges in obtaining necessary regulatory approvals, which could delay commercialization timelines[95]. - The company is subject to substantial regulation, including aircraft certification and operational authority, which could significantly impact its business and operating results[155]. - Compliance with stringent data protection regulations, such as GDPR and CCPA, is necessary; failure to comply could result in legal risks and increased operational costs[125]. - The company anticipates significant costs associated with compliance to evolving regulations in the eVTOL industry, which could adversely affect its financial condition and operating results[157]. - The company faces risks related to international operations, including economic instability and regulatory compliance in various jurisdictions, which could negatively impact its business prospects[163]. Market and Competitive Landscape - The company faces intense competition in the eVTOL market, with competitors potentially having greater resources and market presence[103]. - The total addressable market for eVTOL RAM services is based on various assumptions, and any inaccuracies could negatively impact operating revenue and profitability[91]. - The RAM market for eVTOL services does not currently exist, and its development is uncertain, which could affect growth potential[91]. - Macroeconomic conditions, such as decreased discretionary travel and consumer confidence, could materially impact demand for Lilium's services[121]. - The company anticipates intense competition in the RAM industry, which may affect its ability to establish a strong market presence and customer base[114]. Operational and Development Risks - The company has a limited operating history and faces uncertainty regarding customer demand for its products and services, which may affect future capital requirements[79]. - The company must establish strategic relationships and a convenient network of Vertiports to support its business model[85]. - The anticipated launch of commercial operations could be delayed due to incidents during testing and the need for design changes[99]. - The company is focused on completing its research and development program and obtaining regulatory approvals, which are critical for commercialization[75]. - The company has not commenced commercial operations and success will depend on public perception of safety, convenience, and cost-effectiveness of Lilium Jets[85]. Supply Chain and Manufacturing Considerations - The company plans to rely on third-party suppliers for key technologies and components, which poses risks related to supply chain disruptions and potential cost increases[74]. - The reliance on single or limited source suppliers for critical components may hinder the company's ability to procure necessary materials, affecting production timelines[140]. - Supply chain disruptions, including those caused by geopolitical events or COVID-19, could lead to increased costs and delays in manufacturing[143]. - The company has signed supply agreements with Tier 1 aerospace suppliers and is expanding its manufacturing facility near Munich[111]. - Manufacturing capabilities may be affected by natural disasters or health epidemics, potentially delaying the launch of Lilium Jets[112]. Intellectual Property and Brand Management - The company faces challenges in protecting its intellectual property, which could result in competitors exploiting similar technologies and affecting revenue[147]. - Patent applications may not be granted, limiting the company's ability to prevent competitors from commercializing similar products[149]. - The company may incur substantial costs defending against intellectual property infringement claims, which could divert resources and impact operations[152]. - Establishing and maintaining the Lilium brand is essential for customer acceptance; failure to do so may adversely affect anticipated sales and revenue[114]. Management and Governance - The company is highly dependent on its management and senior leadership team; loss of key personnel could hinder strategic implementation and negatively impact financial results[115]. - The company has identified material weaknesses in its internal control over financial reporting, which could lead to errors in financial statements and affect compliance with reporting obligations[170]. - The company has limited experience in managing a U.S. public company, which may hinder its ability to meet regulatory obligations and affect its growth[172]. - The company acknowledges the importance of good corporate governance but does not comply with all provisions of the Dutch Corporate Governance Code due to conflicts with Nasdaq rules[205]. Product Development and Innovation - The Lilium Jet remains in development and has not yet received type certification, with no guarantee it will ever be certified[86]. - The Lilium Jet aims to generate zero operating emissions during flight, significantly reducing travel time and carbon emissions for regional air mobility networks[226]. - The company is developing a lineup of Lilium Jets, including four and six passenger models, based on a modular architecture[230]. - The Lilium Jet is designed to be virtually inaudible from the ground during cruise flight, focusing on low noise during take-off and landing[231]. - The propulsion system is based on 30 electric ducted fans, which provide significant efficiency advantages over traditional open rotor systems[249]. Financial Market and Shareholder Considerations - As of March 27, 2023, the closing price of the company's Class A Shares was $0.6723, below the Nasdaq minimum closing bid price requirement of $1.00[173]. - The market price and trading volume of Class A Shares and Public Warrants may be volatile, influenced by factors such as market conditions, compliance failures, and changes in laws and regulations[183]. - Future issuances of preferred shares or other equity securities may adversely affect the market price of Class A Shares and could be dilutive to existing shareholders[187]. - The company may issue additional Class A Shares in the future, which could dilute existing shareholders and affect the market price of its securities[191]. - The largest shareholders control more than 50% of the total voting power, with Class B Shares having three times the voting power of Class A Shares[207].

Aircraft Development and Certification - Lilium successfully completed the preliminary design review (PDR) for the Lilium Jet and achieved a cruise speed of 250 km/h (155 mph) during flight tests[3][8] - 100% of the aircraft airworthiness Certification Plans have been submitted to EASA, up from approximately 80% in December 2022[7][24] - Lilium is on track for EASA type-certification of the Lilium Jet in late 2025, with 72% of the Means of Compliance already agreed[23][24] - The first manned flight of the type-conforming aircraft is planned for the second half of 2024[10][24] - Lilium aims to secure EASA Design Organization Approval (DOA) later this year, which will enable proactive certification activities[30][31] - Key milestones expected in the coming months include raising capital, agreeing on the Full Certification Plan with EASA, and starting the final assembly of the first type-conforming aircraft[52] Financial Performance and Funding - Lilium's liquidity at the end of 2022 was €206 million, up from €160 million at the end of Q3 2022, following a capital raise of $119 million in November 2022[47] - The adjusted cash spend for the full year 2022 was approximately €250 million, in line with the budget plan[47] - For the first half of 2023, Lilium is targeting a budget of €125 million, maintaining spending levels consistent with 2022[48] - Lilium has received its first customer pre-delivery payments (PDPs) and additional government grants[49] - The company is engaged in discussions with potential new strategic investors and existing shareholders for non-dilutive funding sources[50] Technology and Supply Chain - Lilium's battery technology demonstrated 88% energy retention after 800 charging cycles, exceeding the initial target of 80%[17][22] - Approximately 78% of the total expected aircraft bill of material (BOM) cost has been selected or contracted[36][38] - The construction of Lilium's battery assembly facility is expected to be completed in the first half of 2023[20] - Lilium has secured supply agreements with key aerospace suppliers, including GKN Aerospace and Collins Aerospace, to support the development of the type-conforming aircraft[35][36] - Lilium aims to build and test its first production battery packs and receive the first carbon-composite airframes of its aircraft[52] Intellectual Property and Innovation - As of February 2023, Lilium filed a total of 80 new patent applications, an increase from 74 in November 2022, with 47 patents published[42] Operational Efficiency - The company has initiated significant cost conservation measures to address macroeconomic challenges and inflationary effects[48] - Lilium's headquarters and manufacturing facilities are located in Munich, Germany, with a team of over 800, including approximately 450 aerospace engineers[56]