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, 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.
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 Air Mobility (NYSE: EVEX; EVEXW) has signed a Letter of Intent with FlyBIS Aviation to collaborate on developing electric vertical take-off and landing (eVTOL) operations in Brazil and South America. FlyBIS plans to purchase up to 40 eVTOL aircraft from Eve, targeting high-traffic tourist areas to enhance urban air mobility. FlyBIS aims to expand operations to neighboring countries by 2026, contributing to Eve's order backlog of 2,770 eVTOLs. This collaboration reflects both companies' commitment to sustainable air mobility solutions.
