Eve Holding Inc Stock Price, News & Analysis

Eve Holding, Inc. (NYSE: EVEX; EVEXW) announced it is unable to file its Quarterly Report on Form 10-Q for the quarter ending September 30, 2022, on time due to the need for further assessment of its financial statements. The company received a notice from the NYSE regarding non-compliance with its listing standards, allowing six months to regain compliance by filing the Form 10-Q. If not filed within this period, the company may face suspension and delisting. Eve aims to file the report as soon as possible to restore compliance.

Eve Air Mobility (NYSE: EVEX; EVEXW) has entered into a Letter of Intent with Bluenest, a Globalvia company, to provide its Urban Air Traffic Management (UATM) software for future vertiport automation systems. The partnership aims to develop operational models tailored to UAM operations, enhancing efficiency and safety in air traffic management. This collaboration positions Eve as a significant player in the UAM ecosystem, contributing to the integration of eVTOL aircraft and automated systems in urban environments.

Holzer & Holzer, LLC is investigating Eve Holding, Inc. (NYSE:EVEX) for potential violations of federal securities laws after the company disclosed that its financial statements for the quarter ended June 30, 2022, should not be relied upon. This announcement, made on September 29, 2022, led to a significant drop in the company’s stock price. Investors who experienced losses are encouraged to reach out to Holzer & Holzer for legal assistance.

BLADE India has signed a purchase order for up to 200 eVTOL aircraft from Eve Air Mobility, with an initial commitment of 50,000 flight hours annually. This partnership aims to address India's urban mobility challenges through a pilot project launching helicopter flights in a major city. BLADE India will use insights from its operations to enhance Eve's eVTOL technology and Urban Air Traffic Management systems. The collaboration is expected to promote zero-emission air transport solutions in India, making air travel more accessible amidst significant traffic congestion.

United announces a $15 million investment in Eve Air Mobility, coupled with a conditional purchase agreement for 200 electric VTOL aircraft and options for 200 more. The first deliveries are expected as early as 2026. This investment positions United as a leader in urban air mobility, supporting its net zero emissions goal by 2050. United's partnership with Eve, leveraging its relationship with Embraer, aims to enhance air travel efficiency and sustainability. The initiative underscores United's commitment to innovative aviation solutions and the potential growth in the UAM market.

United Airlines has announced a $15 million investment in Eve Air Mobility, coupled with a conditional purchase agreement for up to 400 electric vertical take-off and landing (eVTOL) aircraft. The deal includes an order for 200 aircraft with options for an additional 200, aimed at revolutionizing urban commuting by 2026. This investment reinforces United’s commitment to aviation sustainability, striving for net zero carbon emissions by 2050. United’s collaboration with Eve is expected to enhance urban air mobility, providing a cleaner, quieter transportation alternative in dense urban areas.

Eve Air Mobility (NYSE: EVEX; EVEXW) is set to participate in Deutsche Bank's technology conference in Las Vegas on August 31, 2022. Co-CEO Gerard DeMuro will discuss advancements in urban air mobility (UAM) during a 35-minute panel titled "Making UAM a Reality," scheduled for 4:30 PM PT. The event highlights Eve's commitment to enhancing UAM solutions, coinciding with preparations for their first UAM simulation in Chicago. The panel will also feature Adam Goldstein from Archer Aviation and Sergio Cecutta from SMG Consulting.

Eve Holding (NYSE: EVEX; EVEXW) is set to conduct its first North American Urban Air Mobility (UAM) simulation in Chicago, beginning September 12, 2022. The simulation will utilize helicopters powered by Blade Air Mobility to study operations, ground services, and passenger experiences. Scheduled flights will connect Vertiport Chicago with two local helistops, aiming to provide insights into the infrastructure required for future electric vertical take-off and landing (eVTOL) vehicles in the metropolitan area. The simulation is expected to last three weeks and involve various stakeholders to tackle UAM ecosystem challenges.

Eve Holding (NYSE: EVEX) reported its financial results for the second quarter of 2022, showing a net loss of $11.8 million, up from $2.4 million in Q2 2021. The increase is mainly due to higher R&D and SG&A expenses. Free cash flow consumption rose to $13.2 million in H1 2022 compared to $5.1 million in H1 2021. The company ended Q2 2022 with $330.8 million in liquidity and no debt. Eve is focused on transitioning non-binding orders into firm contracts for its eVTOL aircraft.