Welcome to our dedicated page for EVEXW news (Ticker: EVEXW), a resource for investors and traders seeking the latest updates and insights on EVEXW stock.
Eve Holding, Inc. (EVEXW) is pioneering aerospace innovator developing electric vertical takeoff and landing (eVTOL) aircraft and urban air mobility solutions. This news hub provides investors and industry observers with essential resource for tracking the company's progress in transforming urban transportation.
Find authoritative updates on EVEXW's engineering milestones, strategic partnerships, and regulatory developments. Our curated collection includes press releases covering prototype testing phases, manufacturing expansions, and collaborative agreements with aviation leaders like Embraer.
Key updates feature progress in aircraft certification processes, advancements in Vector air traffic management technology, and sustainability initiatives within the urban mobility sector. Regular updates ensure stakeholders stay informed about critical developments shaping this emerging transportation frontier.
Bookmark this page for direct access to verified information about EVEXW's innovations. Check back frequently for real-time updates on aerospace breakthroughs that could impact the future of urban transportation ecosystems.
Eve Holding (NYSE: EVEX) has reported its Q4 and FY2024 results, marking significant progress in Urban Air Mobility development. The company completed assembly of its first full-scale eVTOL prototype in mid-2024, featuring eight dedicated propellers and fixed wings for cruise flight. Ground tests are underway, with flight tests expected by mid-2025.
Financial highlights include a Q4 2024 net loss of $40.7 million and full-year loss of $138.2 million. R&D expenses reached $129.8 million in 2024, up from $105.6 million in 2023. The company's cash consumption was $141.2 million in 2024, near the low end of guidance.
Eve maintains the industry's largest backlog with non-binding LOIs for approximately 2,800 aircraft from 28 customers across 9 countries. The company's total liquidity position stands at $428.6 million, bolstered by $270 million raised through equity Private Placement and credit lines in 2024.
Eve Holding (NYSE: EVEX) reported its Q3 2024 results, showing a net loss of $35.8 million, up from $31.2 million in Q3 2023. R&D expenses increased to $32.4 million from $28.6 million, while SG&A rose to $8.4 million from $5.0 million. The company maintains strong liquidity with $279.8 million in cash and investments, plus $25 million available from BNDES facility. Post-quarter, Eve secured additional funding through a $90 million BNDES credit line and a $50 million Citibank loan to support operations and program investments.
Eve Holding, Inc. (NYSE: EVEX) reported its Q2 2024 results, showing a net loss of $36.4 million, up from $31.4 million in Q2 2023. The increase was primarily due to higher R&D expenses of $36.3 million, up from $21.8 million last year, driven by eVTOL development activities. SG&A expenses decreased to $5.4 million from $6.6 million, benefiting from lower outsourced services, payroll costs, and currency depreciation. Eve's total cash used was $31.4 million, up from $27.8 million in Q2 2023. Post-quarter, Eve secured $95.6 million in new equity financing from investors including Embraer and Nidec. As of June 30, 2024, Eve's total liquidity would have been $338.0 million.
Eve Air Mobility (NYSE: EVEX) announced $94 million in new equity financing from multiple investors, including strategic industrial companies like Embraer and Nidec. The funds will support the development and manufacturing of Eve's electric vertical take-off and landing (eVTOL) aircraft. This financing involves issuing 23.5 million new shares at $4.00 per share, along with warrants. The company aims to use the proceeds for ongoing development, bolstered by existing cash and credit lines. Eve holds the industry's largest pre-order book of 2,900 aircraft and is advancing its first full-scale eVTOL prototype. The equity funding is expected to close in the coming weeks, pending customary conditions. Further details are in Eve's Form 8-K filed with the SEC.
Eve Air Mobility (NYSE: EVEX; EVEXW) has appointed Latecoere (Paris: LAT) as the supplier for the doors of its eVTOL (electric vertical takeoff and landing) aircraft. Eve is a global leader in the eVTOL sector, focusing on sustainable, all-electric flight. The company, headquartered in Melbourne, FL, employs nearly 1,000 people and is developing a four-passenger, one-pilot eVTOL aircraft.
Latecoere will be responsible for designing and manufacturing the passenger and pilot doors, with an emphasis on safety, weight optimization, and low-carbon commitments. This collaboration is expected to help Eve achieve its development, certification, and production milestones.
Additionally, Eve plans to begin deliveries in 2026 and has an industry-leading backlog with letters of intent for up to 2,900 eVTOL aircraft. The first production facility will be located in Taubaté, São Paulo, Brazil, and the assembly of the first full-scale prototype is underway.
Eve Holding, Inc. reports a net loss of $25.3 million in 1Q24, a decrease from $25.8 million in 1Q23, despite higher R&D and SG&A expenses. The company is focused on developing an eVTOL aircraft and Urban Air Mobility ecosystem. R&D expenses rose to $27.5 million, driven by developmental activities with Embraer. SG&A expenses increased to $6.5 million, mainly due to headcount growth and industrialization costs. Eve's total cash used in operations was $35.9 million in 1Q24. Despite the loss, the fair value of derivatives resulted in a $6.3 million gain, partially offsetting expenses.
