Eve (US:EVEX)2025-08-06 12:00eVTOL Design & Development - Eve-100 eVTOL design refinements enhance passenger experience, improve operational efficiency and safety[2,4] - The full-scale prototype is getting ready for its first flight, featuring a new 4-blade rotor configuration and folding mechanism[19,20,24] - Key achievements include successful pusher motor tests and installation, continuous lifter testing, and Beta Technologies as a new electric motor partner[22] Commercial Agreements & Pre-orders - Revo signed the first binding eVTOL order for $250 million, targeting entry into service in 2027 with 10 vehicles (binding) and 40 vehicles (options)[8,9,10] - Future Flight Global signed a Letter of Intent (LOI) for up to 54 eVTOLs serving Brazil and the United States[13] - Aerosolutions and Bluenest by Globalvia signed an LOI for up to 50 eVTOLs and TechCare services[13] - Eve has secured pre-orders for approximately 2,800 eVTOLs from 28 customers in 9 countries[14] - The pre-order book value is approximately $14 billion based on the current list price[15] Financial Performance - Research & Development (R&D) expenses for 2Q25 were $45.7 million, compared to $36.3 million in 2Q24[41] - Net loss for 2Q25 was $64.7 million, compared to a net loss of $36.4 million in 2Q24[41] - Free Cash Flow for 2Q25 was $(56.9) million, compared to $(31.4) million in 2Q24[41] - The company anticipates total cash consumption between US$200-250 million for 2025[44]