Workflow
Joby Aviation's Q4 Loss in Line With Estimates, Revenues Lag
JOBYJoby Aviation(JOBY) ZACKS·2025-03-03 21:00

Company Performance - Joby Aviation, Inc. (JOBY) reported a fourth-quarter 2024 adjusted loss per share of 19 cents, meeting the Zacks Consensus Estimate, compared to a loss of 17 cents per share in the same quarter last year [1] - Quarterly revenues were 0.1million,missingtheZacksConsensusEstimateof0.1 million, missing the Zacks Consensus Estimate of 0.2 million and declining 94.6% year over year [2] - Adjusted EBITDA for the fourth quarter was a loss of 118.7million,primarilyduetoemployee−relatedcostsassociatedwithaircraftdevelopment,certification,andmanufacturing[3]FinancialPosition−Attheendofthefourthquarter,JOBYhadcash,cashequivalents,andshort−terminvestmentstotaling118.7 million, primarily due to employee-related costs associated with aircraft development, certification, and manufacturing [3] Financial Position - At the end of the fourth quarter, JOBY had cash, cash equivalents, and short-term investments totaling 932.85 million, up from 709.98millionattheendofthepreviousquarter[3]−For2025,JOBYanticipatesgeneratingcash,cashequivalents,andshort−terminvestmentsintherangeof709.98 million at the end of the previous quarter [3] - For 2025, JOBY anticipates generating cash, cash equivalents, and short-term investments in the range of 500-$540 million [4] Stock Performance - JOBY currently holds a Zacks Rank 3 (Hold) and has seen its shares gain 43.4% over the past six months, outperforming the airline transportation industry's increase of 27% [5]