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 +4.47% change in stock price 10 days leading up to the earnings, and a -0.38% change 10 days following the report. On the earnings day itself, the stock moves by -0.82%. 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
55.00K
-94.67%
96.43%
Gross Margin
60.00%
-25.58%
29.23%
Operating Margin
-272500.00%
2092.89%
-51.31%
Net Margin
-447776.36%
3914.71%
-12.86%
EPS
-0.34
-100.00%
61.90%
No Data Available
JOBY Earnings Analysis
Joby Aviation Inc Corporation (JOBY.N) Earnings Conference Call
Positive
Stage 4 Certification Progress: Joby Aviation has made record progress on Stage 4 of type certification, demonstrating leadership in aircraft development and testing.
Aircraft Delivery and Operations: The company has delivered its second aircraft to Edwards Air Force Base and has flown in Korea, showcasing its operational capabilities.
Funding Commitment Milestone: Joby secured over $1 billion in additional funding commitments, including a significant $500 million from Toyota, indicating strong investor confidence.
eVTOL Aircraft Deliveries: The company is the only air taxi firm to have delivered multiple eVTOL aircraft from a production line, with four aircraft delivered to date.
Aerostructure Testing Milestones: Joby completed four credit testing on a major aerostructure and first ground-based TIA testing, marking significant achievements in the sector.
TIA Flight Testing Timeline: The company expects to begin TIA flight testing in the U.S. within the next 12 months, a crucial step in the FAA certification process.
Defense Sector Commitment: Joby has trained U.S. Air Force pilots and DoD mechanics, demonstrating its commitment to the defense sector and operational readiness.
Hybrid eVTOL Flight Achievement: The company has successfully flown a hybrid hydrogen-electric eVTOL aircraft 561 miles, showcasing its technological advancements.
Strong Financial Position: Joby has a strong balance sheet with $933 million in cash and short-term investments, positioning it well for future growth.
Manufacturing Facility Expansion: The company is expanding its manufacturing facility in Marina, California, to support increased production capacity and flight training.
Negative
Quarterly Net Loss Analysis: Net loss of $246 million in Q4 2024, reflecting a loss from operations of about $150 million and other losses of $97 million.
Increased Net Loss: Net loss increased by approximately $102 million compared to Q3 2024, primarily due to a non-cash loss on revaluation of derivative liabilities.
Increased EBITDA Loss: Adjusted EBITDA loss of $119 million in Q4 2024, which was approximately $23 million higher than the same period last year, indicating increased operational costs.
Cash Flow Concerns: Change in cash, cash equivalents, and short-term investments during 2024 was at the lower end of guidance, at $450 million, indicating potential cash flow issues.
Projected Cash Usage 2025: Expected use of cash in 2025 is projected to be between $500 million and $540 million, reflecting higher hiring and R&D expenditures, which may strain financial resources.
Increased Capital Expenditures: Capital expenditures are expected to increase significantly from $41 million in 2024 as the company builds out facilities, which could impact short-term financial stability.
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JOBY Earning Call Sentiment
Joby Aviation, Inc. (JOBY) Q4 2024 Earnings Call Transcript
JOBY.N
4.17%Positive
The earnings call highlights several positive aspects: a strategic partnership with Toyota, regulatory progress, and strong cash reserves. Despite a net loss, the optimistic guidance on FAA certification and expansion into Dubai, along with Toyota's investment, suggest future growth. The Q&A session reinforces confidence in military opportunities and commercial prospects in Dubai. While there are risks in manufacturing expansion and market competition, the overall sentiment is positive, supported by strong financial backing and strategic alliances. Given the company's market cap, the stock price is likely to see a positive movement of 2% to 8%.
