NYSE$EVEX
Eve Holding Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Eve reported a net loss due to higher Research & Development and Selling, General & Administrative expenses.
Eve Air Mobility reported a net loss of $35.8 million in Q3 2024, which increased compared to a net loss of $31.2 million in Q3 2023. The increase was due to higher Research & Development (R&D) and Selling, General & Administrative (SG&A) expenses. Eve's total cash used by operations and capital expenditures in 3Q24 was $34.0 million. Cash, Cash Equivalents and Financial Investments totaled $279.8 million at the end of 3Q24.
- Net loss increased due to higher Research & Development and Selling, General & Administrative expenses.
- Engineering team continues to make significant progress with the development of eVTOL.
- Brazil’s Civil Aviation Authority (ANAC) published the Basis of Certification for Eve’s eVTOL in the country.
- Eve launched a fully integrated aftermarket services portfolio for efficient and safe UAM operations, TechCare.
Headline financials
Revenue & EPS history
Eve · Revenue · Quarterly
$0
Forward guidance
Eve expects a total cash consumption between $130 and $170 million in 2024.
Tailwinds
- The company is confident that its capital resources and liquidity will be sufficient to fund operations.
- Eve secured a new ~$90 million credit line with the BNDES to support the necessary investments in our Taubaté site.
- Eve secured a new $50 million loan with Citibank to support the funding of R&D.
- The additional funding will strengthen our Balance Sheet.
- The additional funding will support our operations and program investments in the upcoming years.
Headwinds
- The additional program activities will require an increase in the number of engineering hours.
- The additional program activities will require the acquisition of raw materials and parts/components for our prototypes.
- The company will increase engagement with selected suppliers.
- The company will receive equipment during the remainder of 2024.
- This will trigger additional cash consumption in the coming months.
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 Q3 2024
-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
| Quarter | Report date | Reaction (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% | — | — |
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