NYSE$JOBY
Joby Aviation Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Joby Aviation reported first quarter 2024 results, highlighting production ramp-up, certification and testing advancements, expanded partnerships, and a strong financial foundation.
Joby Aviation announced its Q1 2024 results, showcasing progress in production with the roll-out of its second prototype aircraft and expansion of manufacturing facilities. The company also achieved key milestones in certification and testing, broadened partnerships, and maintained a strong cash balance of $924 million.
- Second production prototype aircraft rolled off the Pilot Production Line.
- Expanded production facility in Marina, CA and acquired a facility in Dayton, OH.
- Became the first electric air taxi company to have final airworthiness criteria published by the FAA.
- Maintained a strong balance sheet with $924 million in cash and short term investments.
Headline financials
Revenue & EPS history
Joby Aviation · Revenue · Quarterly
$25K
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+2.6%
Avg return
Earnings day
+4.3%
Avg return
5 days after
+1.9%
Avg return
30 days after
57%
12 / 21 earnings
Positive
+28.1%
Q1 2022
Best reaction
-12.1%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +21.2% | +24.0% | +9.9% | |
| Q4 2025 | +4.3% | -0.6% | -17.5% | |
| Q3 2025 | -4.4% | +9.0% | +1.7% | |
| Q1 2025 | +3.3% | +12.0% | +26.5% | |
| Q4 2024 | +0.7% | -1.5% | -8.8% | |
| Q3 2024 | +0.0% | +22.9% | +73.3% | |
| Q2 2024 | +1.2% | -2.5% | -7.2% | |
| Q1 2024 | -11.6% | -8.5% | -6.9% | |
| Q4 2023 | -12.1% | -11.9% | -15.9% | |
| Q3 2023 | +15.0% | +13.1% | +24.9% | |
| Q2 2023 | -5.8% | -7.2% | -16.2% | |
| Q1 2023 | +5.4% | +8.2% | +40.8% | |
| Q4 2022 | +11.5% | +6.8% | -8.9% | |
| Q3 2022 | -6.3% | -8.7% | -12.7% | |
| Q2 2022 | +9.9% | +2.2% | -5.2% | |
| Q1 2022 | +28.1% | +35.3% | +19.5% | |
| Q4 2021 | +7.6% | +21.2% | -10.6% | |
| Q3 2021 | -1.5% | +1.7% | -26.5% | |
| Q2 2021 | -11.8% | -22.1% | -17.8% | |
| Q4 2020 | -5.7% | -5.3% | -9.9% | |
| Q3 2020 | +4.7% | +2.0% | +6.8% |
Discussion
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