JOBY Earnings Prediction
The chart below shows how JOBY performed 10 days before and after its earnings report, based on data from the past quarters. Typically, JOBY sees a +3.80% change in stock price 10 days leading up to the earnings, and a +0.31% change 10 days following the report. On the earnings day itself, the stock moves by -1.30%. This data can give you a slight idea of what to expect for the next quarter's release.
JOBY Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
28.00K
--
0.00%
Gross Margin
46.43%
--
0.00%
Operating Margin
-559625.00%
--
8.60%
Net Margin
-513850.00%
--
16.70%
EPS
-0.21
--
16.67%
No Data Available
JOBY Earnings Analysis
Joby Aviation, Inc. Corporation (JOBY.N) Earnings Conference Call
Positive
Regulatory Approvals Progress: Joby Aviation reported a strong third quarter for 2024, highlighting significant progress in regulatory approvals across the globe.
Milestone in Production Capabilities: The company successfully built its first FAA conforming tail, marking a major milestone in its production capabilities.
Balance Sheet Strengthening: Joby Aviation has strengthened its balance sheet, ending the quarter with cash and short-term investments totaling $710 million.
Investment in Operational Growth: The recent $500 million investment from Toyota is expected to enhance Joby's operational capabilities and support its growth strategy.
Strategic Partnerships Strengthened: Joby Aviation's partnerships with major companies like Toyota, Uber, and Delta have been reinforced through recent events, showcasing the strength of its strategic alliances.
Negative
Q3 Net Loss Analysis: We incurred a Q3 net loss of $144 million, reflecting a loss from operations of about $157 million, partially offset by interest and other income of $13 million.
Increased Net Loss: Our net loss was $21 million higher when compared with the prior quarter, reflecting a higher loss from operations and a lower favorable revaluation of our warrants and earn-out shares.
Increased Operating Expenses: Higher operating expenses for the quarter reflected increased personnel expenses, which included a full quarter of employees from our Xwing acquisition and lower R&D contract payments from fewer Agility Prime deliverables per our contracts.
Increased Cash Utilization: Our use of cash totaled $115 million, which was higher than our second quarter spending as we had additional operating expenses arising from increased staffing and one additional pay period in the quarter.
Adjusted EBITDA Loss: Adjusted EBITDA, a non-GAAP metric that we reconcile to our net income in our shareholder letter, was a loss of $120 million in the third quarter.
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JOBY Earning Call Sentiment
Joby Aviation, Inc. (JOBY) Q3 2024 Earnings Call Transcript
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JOBY.N
0.75%Positive
The earnings call presented mixed signals. Financial performance showed increased cash and investments, but also higher losses and expenses. The Q&A revealed uncertainties, particularly regarding certification timelines and capital runway, despite positive developments like Toyota's investment and international expansion efforts. The follow-on offering could dilute shares, offsetting potential gains from the partnership with Toyota. Overall, the stock is likely to experience limited movement, resulting in a neutral outlook.
