Welcome to our dedicated page for Eve Holding news (Ticker: EVEX), a resource for investors and traders seeking the latest updates and insights on Eve Holding stock.
Eve Holding Inc (NYSE: EVEX) pioneers Urban Air Mobility through advanced eVTOL aircraft and integrated airspace solutions. This page aggregates official announcements, strategic developments, and operational milestones critical for understanding the company's role in transforming urban transportation.
Access curated updates on Eve's electric aircraft production, maintenance programs, and Urban Air Traffic Management innovations. Investors and industry observers will find timely reports on earnings, regulatory progress, and technology partnerships that shape the future of aerial mobility.
Key content includes analysis of Eve's three core segments: eVTOL design/production, operational support services, and UATM system advancements. Track developments in sustainable aviation infrastructure and safety protocols through verified press releases.
Bookmark this page for streamlined access to Eve Holding Inc's evolving position in aerospace innovation. Check regularly for updates on certification milestones, fleet expansion initiatives, and ecosystem collaborations driving urban air mobility forward.
Eve Holding, Inc. (NYSE: EVEX, EVEXW) released its fourth quarter and fiscal year 2022 earnings, reporting a net loss of $20.1 million for Q4 and $174.0 million for the year. Key developments include raising $355 million through a de-SPAC transaction and securing $92.5 million in credit lines from Brazil's National Development Bank. Eve holds a backlog of 2,770 non-binding LOIs from 26 customers across 12 countries, providing strong long-term revenue visibility. The company is advancing its eVTOL certification process with Brazilian and U.S. authorities, targeting 2026 for service entry. Total liquidity exceeds $400 million, ensuring funding for R&D through 2025.
Eve Holding reported a net loss of $36.7 million in Q3 2022, up from $3.8 million in Q3 2021, primarily due to increased R&D and SG&A expenses and $17.4 million in non-cash warrant charges. R&D costs surged to $14.3 million from $2.8 million year-over-year. The company's cash consumption rose to $17 million compared to $2.4 million in Q3 2021. Despite the losses, Eve retains $329.9 million in liquidity and secured $92.5 million in credit lines from Brazil's BNDES to support its eVTOL development.
Eve Air Mobility announced the approval of $92.5 million in credit lines by Brazil's National Development Bank (BNDES) to support its eVTOL development program. The financing includes two distinct credit lines with a 12-year maturity and an amortization grace period. One line supports climate change mitigation projects, while the second focuses on innovative industrial projects. BNDES's backing is expected to enhance Eve's capital structure and align with its commitment to zero-emission aircraft and sustainable urban mobility solutions.
Eve Holding, Inc. (EVEX; EVEXW) will announce its third quarter 2022 earnings results on December 23, 2022, before market opening. A conference call discussing the results is scheduled for 9:00 AM ET that day, accessible via phone or a webcast on the company's website. The earnings call replay will be available until January 6, 2022. Eve focuses on advancing the Urban Air Mobility ecosystem, leveraging Embraer S.A.'s aerospace expertise. More details can be found at eveairmobility.com.
FAQ
What is the current stock price of Eve Holding (EVEX)?
What is the market cap of Eve Holding (EVEX)?
