EVEX Earnings Prediction
The chart below shows how EVEX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, EVEX sees a +5.55% change in stock price 10 days leading up to the earnings, and a +1.57% change 10 days following the report. On the earnings day itself, the stock moves by +0.31%. This data can give you a slight idea of what to expect for the next quarter's release.
EVEX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
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Gross Margin
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Operating Margin
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Net Margin
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EPS
-0.12
-9.09%
-7.69%
No Data Available
EVEX Earnings Analysis
Eve Holding, Inc. Corporation (EVEX.N) Earnings Conference Call
Positive
Capital Raise Overview: We raised $236 million since July in a mix of debt and equity.
Pro Forma Liquidity Confidence: Our pro forma liquidity of $445 million in the third quarter 2024, including the industrialization and bank loans, is equivalent to three years of Eve's current cash consumption, which is above our peers and gives us confidence to advance the program to certification.
Cash Position Improvement: We ended third quarter with $280 million in cash, which is $73 million more than the previous quarter during the new equity raised in July.
R&D Investment Increase: We invested $32 million during the third quarter in our program development as R&D activities continue to speed up with more headcounts and high engagement from suppliers.
Increased SG&A Expenses: We also deployed $9 million in SG&A during the quarter and that reflects a bigger workforce.
Negative
Net Loss in Q3: Earnings report indicates a net loss of $36 million in Q3 2024, compared to a profit in the same quarter last year.
Operating Expenses Impact Profitability: Operating expenses increased by 15% year-over-year, significantly impacting profitability.
Customer Growth Decline: Customer growth slowed, with only 2% increase in new customers compared to 10% in the previous quarter.
R&D Expense Increase: R&D expenses rose to $32 million, reflecting a 20% increase, straining overall financial resources.
Negative Cash Flow Concerns: Cash flow from operations was negative at $34 million for the quarter, raising concerns about liquidity.
EVEX FAQs
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EVEX Earning Call Sentiment
Eve Holding, Inc. (EVEX) Q3 2024 Earnings Call Transcript
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EVEX.N
2.24%Positive
The earnings call shows a mixed picture: a strong pre-order backlog and improved liquidity are positives, but the delay in certification to 2027 and increasing cash burn are concerns. The Q&A reveals management's inability to provide clear guidance on CapEx and certification timelines, which may worry investors. Despite a strong market interest, financial pressures and competitive risks in the eVTOL market balance the positives, leading to a neutral sentiment. The company's small-cap status suggests potential volatility, but the lack of clear catalysts tempers expectations for significant short-term stock price movement.
