NYSE$EVEX
Eve Holding Inc · Q2 2024 earnings
Q2 2024 earnings · · Before market open · Investor relations
Briefing
Eve Holding Inc reported a net loss of $36.4 million for Q2 2024 as it advanced eVTOL development.
Eve Holding Inc, a pre-revenue aerospace company developing urban air mobility solutions, incurred a $36.4 million net loss in the second quarter of 2024. Operating expenses rose to $41.7 million, driven primarily by increased research and development spending of $36.3 million. The company maintained $27.8 million in cash and cash equivalents alongside $93.2 million in financial investments at quarter end.
- Net loss widened to $36.4 million from $31.4 million in Q2 2023 due to higher R&D outlays.
- Research and development expenses increased 66% year-over-year to $36.3 million, reflecting prototype development and engineering work.
- Cash position stood at $27.8 million with additional liquidity from $93.2 million in held-to-maturity securities and a related-party loan.
- Company remains pre-revenue while progressing toward eVTOL certification and initial commercial operations targeted for 2026.
Headline financials
Revenue & EPS history
Eve · Revenue · Quarterly
$0
Forward guidance
Eve continues development of eVTOL aircraft with first prototype flight testing expected in late 2024 and initial commercial operations targeted for 2026.
Tailwinds
- Secured additional equity financing of approximately $95.6 million in July 2024
- Progress on full-scale prototype unveiled in July 2024
Headwinds
- Continued pre-revenue status with ongoing cash burn
- Dependency on regulatory certifications from ANAC, FAA and EASA
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 13 quarterly earnings reports
-1.7%
Avg return
Earnings day
+2.7%
Avg return
5 days after
+9.6%
Avg return
30 days after
25%
5 / 20 earnings
Positive
+5.1%
Q4 2022
Best reaction
-10.8%
Q2 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2024 | — | — | — | |
| Q2 2025 | -10.8% | — | — | |
| 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% | — | — | |
| Q4 2021 | -0.1% | — | — | |
| Q2 2021 | -0.1% | — | — | |
| Q3 2021 | +0.0% | — | — | |
| Q1 2021 | -0.2% | — | — | |
| Q4 2020 | +0.1% | — | — |
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