NYSE$EVEX
Eve Holding Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Eve reported a net loss, driven by higher Research & Development expenses, but made progress in eVTOL development and secured contracts.
Eve Air Mobility reported a net loss of $39.3 million in Q4 2023, which was higher compared to the previous year, primarily due to increased Research & Development expenses. However, the company achieved several milestones in its eVTOL development program, including supplier selection and prototype production, and secured Service & Operations Solutions contracts.
- Net loss was $39.3 million in 4Q23, compared to $20.1 million in 4Q22.
- R&D expenses increased to $33.6 million in 4Q23, driven by the MSA with Embraer.
- Total cash consumption in 4Q23 was $24.5 million, versus $20.8 million in 4Q22.
- Eve employed approximately 700 full-time collaborators as of 4Q23.
Headline financials
Revenue & EPS history
Eve · Revenue · Quarterly
$301K
Forward guidance
Eve expects to continue accelerating program development with ambitious targets for 2024 and 2025 and expects a total cash consumption between $130 and $170 million in 2024.
Tailwinds
- Selection of eVTOL suppliers mostly concluded
- Definition of Certification Basis and Means of Compliance
- Conclude first prototype assembly / initiate test campaign
Headwinds
- Intensifying program development efforts
- Continued supplier selection
- Assembly of our prototypes
- Necessary investments in the production site
- Expects a total cash consumption between $130 and $170 million in 2024
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 Q4 2023
-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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