NYSE$JOBY

Joby Aviation Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Joby Aviation reported Q3 2023 results, highlighting certification progress, first delivery to the U.S. Air Force, pilot-on-board flight tests, and selection of Dayton, OH for its first scaled manufacturing facility.

Joby Aviation reported its Q3 2023 results, achieving significant milestones including nearing completion of stage three certification, delivering the first electric air taxi to the U.S. Air Force, expanding flight tests with pilots on board, and selecting Dayton, OH for its first scaled manufacturing facility. The company ended the quarter with $1.1 billion in cash and short-term investments.

  • Stage three certification nearing completion with 84% of Certification Plans accepted by FAA.
  • Delivered the first electric air taxi to the U.S. Air Force ahead of schedule.
  • Expanded flight test program to include flights with a pilot on board.
  • Selected Dayton, OH as the site for the first scaled manufacturing facility.

Headline financials

Total Revenue

$0.00

No prior period
EPS (adj)

-$0.13

Previous: -$0.14+7.1%
Capital Expenditures

-$8.59M

Previous: $5.38M-259.7%
Free Cash Flow

-$88.8M

Previous: -$73.7M-20.5%
Net Income

$1.53M

Previous: $0.00
Operating Income

$128M

Previous: $0.00
Gross Profit

-$7.83M

No prior period
Cash & Equivalents

$1.1B

Previous: $194M+467.5%
Total Assets

$1.35B

Previous: $1.27B+6.0%
R&D Expense

$101M

No prior period
Stock-Based Comp

$27.3M

Previous: $13M+109.1%

Revenue & EPS history

Joby Aviation · Revenue · Quarterly

$0

Q3 2023
Beat estimate in 5 of 9 quarters(56%)
ActualEstimate

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 Q3 2023

Historical avgQ3 2023

+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

Earnings price reactions
QuarterReport dateReaction (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%

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