NYSE$EVEX

Eve Holding Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Eve reported a net loss due to increased R&D and SG&A expenses.

Eve reported a net loss of $11.8 million in Q2 2022, which was primarily driven by higher Research & Development (R&D) expenses and Selling, General & Administrative (SG&A) costs. The company's cash position significantly increased due to capital raised from PIPE and de-SPAC transactions.

  • Net loss was $11.8 million, driven by higher R&D and SG&A expenses.
  • R&D expenses increased to $9.8 million due to the master service agreement with Embraer.
  • SG&A costs increased due to growth in the number of collaborators at Eve.
  • Cash position significantly increased to $330.8 million due to capital raise.

Headline financials

EPS (adj)

-$0.07

Previous: -$3.00+97.7%
Free Cash Flow

-$11.3M

No prior period
Net Income

-$11.8M

Previous: -$3.69M-219.2%
Operating Income

-$16.3M

Previous: -$3.65M-348.5%
Cash & Equivalents

$176M

Previous: $1.33M+13113.1%
Total Assets

$331M

Previous: $236M+40.2%
Stock-Based Comp

$1.03M

No prior period

Revenue & EPS history

Eve · Revenue · Quarterly

$44.7M

Q1 2025
Beat estimate in 1 of 2 quarters(50%)
ActualEstimate

Forward guidance

Eve anticipates transitioning non-binding orders into firm contracts and is monitoring capital markets for debt financing options. The company expects to make the first aircraft deliveries in 2026 for commercial use.

Tailwinds

  • Potential advances from customers
  • Future finance lines
  • Incremental capex lines via corporate loans
  • Transitioning part of non-binding orders into firm contracts
  • Significant cash advances and inflow through down payments

Headwinds

  • Uncertainty of projected financial information.
  • Risks related to failure to realize anticipated benefits of business combination.
  • Potential litigation, government and regulatory proceedings, investigations and inquiries.
  • Impact of global COVID-19 pandemic
  • Changes in domestic and foreign business, market, financial, political and legal conditions

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 13 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-1.2%

Avg return

Earnings day

+2.7%

Avg return

5 days after

+9.6%

Avg return

30 days after

26%

5 / 19 earnings

Positive

+5.1%

Q4 2022

Best reaction

-6.0%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026-2.0%+13.7%+10.6%
Q3 2025-3.9%+0.0%+22.0%
Q1 2025-2.6%+19.8%+42.5%
Q4 2024-1.6%+13.7%+15.2%
Q3 2024-6.0%+4.6%+43.5%
Q1 2024-2.9%-5.1%-11.3%
Q4 2023+0.8%+1.0%+4.4%
Q3 2023-0.9%-6.0%-8.5%
Q2 2023-4.6%-7.6%-3.6%
Q1 2023+2.8%+3.2%+2.8%
Q4 2022+5.1%+7.1%+26.3%
Q3 2022-3.6%-3.0%-1.1%
Q2 2022-0.8%-6.3%-17.6%
Q1 2022-2.2%
Q2 2021-0.1%
Q4 2021-0.1%
Q3 2021+0.0%
Q1 2021-0.2%
Q4 2020+0.1%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro