Live News • Jul 09
Joby Aviation Faces Ongoing Legal Dispute With Archer as Court Case Advances Joby Aviation and Archer Aviation remain locked in a federal trade secret dispute, with Archer seeking to dismiss Joby’s claims that a former employee took and misused confidential information, while Archer countersues alleging fraud and import misclassification by Joby.
The case matters because both companies are working to bring electric vertical take off and landing aircraft to market, where proprietary technology and certification know how are core assets and legal outcomes could affect costs, timelines and how each company can use contested information.
Joby’s share price is around $7.93, with the stock down about 44.8% year to date, highlighting how legal and execution risks are sitting on top of an already pressured share performance.
The legal fight adds another layer of uncertainty, since outcomes could influence Joby’s competitive footing, legal expenses and management focus during a capital intensive development phase. New Risk • Jul 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$704m net loss in 3 years). Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (17% increase in shares outstanding). Live News • Jun 29
Joby Aviation Advances Toward FAA eVTOL Certification Targeting 2026 Commercial Launch Joby Aviation has entered Stage 5 of the FAA certification process, begun flying its first FAA-conforming eVTOL aircraft, and is targeting initial commercial passenger flights in 2026, supported by global partnerships and a planned launch in Dubai.
The company projects 2026 revenues of US$105 million to US$115 million, has anticipated aircraft orders of more than US$1b and holds roughly US$2.5b in cash, while still running at a net loss as it invests to ramp manufacturing capacity toward as many as 500 aircraft annually by 2027.
Joby Aviation shares trade at US$8.83, with the stock down 38.5% year to date, and analysts and large investors describing a cautiously optimistic outlook that depends on timely FAA certification and execution.
The setup hinges on execution risk: certification timing, production scale-up and actual passenger uptake will likely determine whether Joby’s current investment-heavy model can move toward the projected revenue base and justify further capital needs. Live News • Jun 22
Joby Aviation Advances Toward FAA Certification With Dubai Launch and Blade Air Mobility Acquisition Joby Aviation has moved into Stage 5 of the FAA Type Certification process, begun flying its first FAA-conforming eVTOL aircraft, secured exclusive air taxi rights in Dubai starting in 2026, and agreed to acquire Blade Air Mobility while working with partners including Uber, Delta Air Lines and Toyota.
These steps are material because they link regulatory progress, international market access and manufacturing capacity, with guidance for 2026 revenue of US$105 million to US$115 million supported by Dubai and broader Middle East agreements, and long-term production plans that reach up to 500 aircraft annually.
Joby’s stock trades around US$10.00, with the year-to-date return down 30.4%, which signals that expectations in the share price still lean heavily on future execution rather than current profitability.
The mix of certification milestones, Dubai exclusivity and large partners gives Joby Aviation clearer commercial pathways, but the stock remains exposed to delays, high cash burn and legal and competitive risks in a young eVTOL sector. Live News • Jun 11
Joby Aviation Lawsuit Advances as Q1 Revenue Hits US$24 Million and Insider Sales Draw Attention A federal court allowed a key element of Joby Aviation's trade secret lawsuit against Archer Aviation to proceed, focused on a confidential real estate developer agreement tied to an air taxi project, while dismissing several other trade secret claims with an option to amend.
The court dismissed all of Archer's counterclaims, including those alleging concealed business ties with China, but granted Archer permission to amend and refile.
Joby reported Q1 2026 revenue of US$24 million, reaffirmed full-year guidance of US$105 million to US$115 million, and continues to report GAAP net losses linked to spending on manufacturing, facilities, and global operations, while targeting commercial flights this year within a federal pilot program.
Recent insider sales by the CFO and another officer were mainly to cover taxes on vested RSUs, totaling roughly US$887,000 for a portion of the CFO’s sales, and occurred as the stock traded in a tight range following a roughly 4% decline tied to certification concerns.
The legal developments keep competitive and reputational risk in play, while the earnings update and reaffirmed guidance show that Joby is still in a heavy investment phase as it pursues FAA certification and early commercial service.
Investors may want to watch how the lawsuit evolves, how certification milestones track against management’s timelines, and whether insider activity continues or changes in scale relative to overall ownership. Live News • Jun 04
Joby Aviation Achieves Milestone New York City eVTOL Flights and Eyes 2026 Commercial Launch Joby Aviation completed New York City’s first point-to-point electric air taxi flights, linking JFK Airport with multiple Manhattan heliports in under 10 minutes as part of the federal eVTOL Integration Pilot Program.
The company is in Stage 5 of the FAA Type Certification process and is working with the Port Authority of New York and New Jersey and the FAA to test eVTOL operations within dense urban airspace and existing heliport infrastructure.
Joby is targeting initial commercial passenger flights in 2026, supported by partnerships with Delta, Uber and Airspace Intelligence, the acquisition of Blade Air Mobility’s passenger business, and planned paid flights under exclusivity agreements in Dubai and parts of the Middle East.
These milestones indicate meaningful progress from concept toward early commercial operations, with regulatory approvals and certification remaining central to the story.
For investors, the key swing factors are execution on certification, the ramp-up of manufacturing and vertiport networks, and the company’s ability to manage cash burn as it moves from pre-revenue testing toward its projected 2026 revenue of US$105 million to US$115 million. Recent Insider Transactions Derivative • May 29
Executive Chairman of the Board notifies of intention to sell stock Paul Sciarra intends to sell 417k shares in the next 90 days after lodging an Intent To Sell Form on the 28th of May. If the sale is conducted around the recent share price of US$11.48, it would amount to US$4.8m. Since June 2025, Paul's direct individual holding has decreased from 58.02m shares to 56.52m. Company insiders have collectively sold US$14m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • May 07
Chief Product Officer notifies of intention to sell stock Eric Allison intends to sell 75k shares in the next 90 days after lodging an Intent To Sell Form on the 6th of May. If the sale is conducted around the recent share price of US$8.68, it would amount to US$650k. Since September 2025, Eric's direct individual holding has increased from 660.08k shares to 750.85k. Company insiders have collectively sold US$14m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Apr 29
Joby Aviation, Inc. Brings Electric Air Taxis to New York City Joby Aviation, Inc. completed the first-ever point-to-point electric vertical takeoff and landing (eVTOL) air taxi demonstration flights in New York City’s history, marking the start of a week-long public campaign across the city’s existing heliport network. The campaign offers the first real-world demonstration of how electric air taxis, which are quiet and produce zero operating emissions, will be able to connect the region, linking vertiports, international airports, and communities across the New York metropolitan area. Joby's aircraft (N545JX) departed from John F. Kennedy International Airport (JFK) and landed across the city’s existing heliport network, including Downtown Skyport, and the West 30th Street and East 34th Street Heliports in Midtown. Together, these sites trace some of the commercial routes the company envisions for New York, connecting Lower Manhattan and Midtown to JFK in under 10 minutes. Joby’s electric air taxi flies over New York City during a 10-day flight campaign celebrating the FAA’s eVTOL Integration Pilot Program (eIPP), showcasing quiet, zero operating emissions air travel across the city, including flights to JFK. Joby’s aircraft has been specifically designed with redundancies across multiple systems to enhance safety and reliability. Its proprietary design achieves a considerably lower noise footprint than similarly sized conventional aircraft or helicopters, and its acoustic signature blends into the ambient sounds of everyday city life. Joby continues to make progress in the final stages of FAA certification, marked by the recent flight of its first conforming aircraft for TIA, which will pave the way for FAA pilots to carry out for-credit tests. Building on a series of piloted demonstrations across the San Francisco Bay Area, the New York campaign puts the aircraft in real flight routes and real environments in one of the world’s most dynamic cities, demonstrating the acoustics and performance metrics that are critical to unlocking the urban aerial ridesharing market. The flights continue Joby’s 2026 Electric Skies Tour, a national showcase timed to celebrate the United States’ 250th anniversary, following the tour’s inaugural Bay Area flight campaign, which included a landmark flight over the Golden Gate Bridge. Announcement • Apr 23
Joby Aviation, Inc., Annual General Meeting, Jun 02, 2026 Joby Aviation, Inc., Annual General Meeting, Jun 02, 2026. Announcement • Apr 22
Joby Aviation, Inc. to Report Q1, 2026 Results on May 05, 2026 Joby Aviation, Inc. announced that they will report Q1, 2026 results After-Market on May 05, 2026 Announcement • Mar 13
Joby Aviation, Inc. Completes Piloted Electric Air Taxi Flight Across San Francisco Bay And Around The Golden Gate Joby Aviation, Inc. announced the completion of a series of demonstration flights across the San Francisco Bay Area. With an operational foundation built on thousands of test flights and more than 50,000 miles logged across its fleet, the company is now ready to scale its presence across the U.S. Joby was selected as a partner in multiple winning applications under the White House-backed eVTOL Integration Pilot Program (eIPP), giving the company the opportunity to begin early operations across 10 states: Arizona, Florida, Idaho, New Jersey, New York, North Carolina, Oklahoma, Oregon, Texas, and Utah. The flight marks the kickoff of Joby’s 2026 Electric Skies Tour, a national showcase timed to celebrate the United States’ 250th anniversary. After departing Oakland International Airport, Joby’s (N545JX) aircraft, piloted by Andrea Pingitore, soared quietly across the Bay toward the Golden Gate Bridge and turned above the Marin Headlands, set against one of the world’s most recognizable skylines. Joby expects to fly and present its aircraft in cities across the country as part of the tour, building on a heritage of American innovation and proving the real-world promise that air taxis are a faster, quieter way to connect our communities. The company continues to make progress towards certification, marked by the successful flight of its first FAA-conforming aircraft for TIA, which paves the way for FAA pilots to carry out ‘for credit’ tests later this year. The aircraft is designed with safety, acoustics and performance in mind - all critical characteristics to unlocking the urban aerial ridesharing market. Joby’s goal is to reclaim these hours by turning long commutes into seamless, minutes-long journeys. Backed by strategic partnerships with Uber and Delta Air Lines, the company is building an integrated ecosystem to streamline every leg of the trip. Announcement • Mar 12
Joby Aviation, Inc. Begins Flight Testing of First FAA-Conforming Aircraft for Type Inspection Authorization Joby Aviation, Inc. began flight testing its first FAA-conforming aircraft for Type Inspection Authorization (TIA), a major step on the path to type certification. Initial testing by Joby pilots will pave the way for FAA pilots to visit Joby’s Marina, CA, facility later this year to conduct the rigorous TIA testing required to validate the aircraft for commercial service. Joby’s first FAA-conforming aircraft for TIA in flight at the Company’s test facility in Marina, CA. The aircraft (N547JX) is the first of a fleet currently in production to support TIA testing, and has been assembled using an airframe and components built to FAA Designated Engineering Representative-approved designs and signed off by FAA Designated Airworthiness Representatives, as specified in Joby’s FAA-approved test plans. The pace at which Joby has been able to move from prototype to conforming aircraft is rooted in its vertically integrated approach, a strategy that is redefining the industry’s path to certification. The vast majority of the Joby’s aircraft components are designed, engineered, tested and manufactured in-house, reducing reliance on third party suppliers, improving quality control, and shortening lead times. Major Estimate Revision • Mar 06
Consensus EPS estimates fall by 10%, revenue upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from US$111.1m to US$112.9m. Forecast EPS reduced from -US$0.787 to -US$0.865 per share. Airlines industry in the US expected to see average net income growth of 32% next year. Consensus price target of US$12.56 unchanged from last update. Share price fell 6.1% to US$9.61 over the past week. Reported Earnings • Feb 26
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: US$1.13 loss per share (further deteriorated from US$0.87 loss in FY 2024). Revenue: US$53.4m (up US$53.3m from FY 2024). Net loss: US$929.8m (loss widened 53% from FY 2024). Revenue exceeded analyst estimates by 36%. Earnings per share (EPS) also surpassed analyst estimates by 6.3%. Revenue is forecast to grow 51% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Airlines industry in the US. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Recent Insider Transactions Derivative • Feb 18
Founder notifies of intention to sell stock JoeBen Bevirt intends to sell 64k shares in the next 90 days after lodging an Intent To Sell Form on the 17th of February. If the sale is conducted around the recent share price of US$9.90, it would amount to US$630k. For the year to December 2020, JoeBen's total compensation was 17% salary and 83% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, JoeBen's direct individual holding has decreased from 94.19m shares to 92.67m. Company insiders have collectively sold US$13m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Feb 12
Joby Aviation, Inc. to Report Q4, 2025 Results on Feb 25, 2026 Joby Aviation, Inc. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Feb 25, 2026 New Risk • Feb 06
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$454k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$700m net loss in 3 years). Shareholders have been diluted in the past year (27% increase in shares outstanding). Significant insider selling over the past 3 months (US$454k sold). Recent Insider Transactions Derivative • Jan 04
President of Operations notifies of intention to sell stock Bonny Simi intends to sell 104k shares in the next 90 days after lodging an Intent To Sell Form on the 2nd of January. If the sale is conducted around the recent share price of US$13.20, it would amount to US$1.4m. Since March 2025, Bonny's direct individual holding has increased from 203.52k shares to 219.21k. Company insiders have collectively sold US$12m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Dec 15
Joby Aviation, Inc. Announces Successful Completion of Its Final International Flight Demonstration of 2025, At the Fuji Speedway in Japan Joby Aviation, Inc. announced the successful completion of its final international flight demonstration of 2025, at the Fuji Speedway in Japan. The week-long campaign marks the culmination of a year filled with extensive flight activity and operational maturity worldwide. The Fuji flights are the capstone of a year of full-transition, piloted flights that spanned key global markets and demonstrated Joby's depth of operational maturity: USA, UAE, Japan: Joby's aircraft flew in three countries, including 41 flights at the World Expo 2025 inOsaka, Japan, and 21 flights in the UAE as part of an environmental and operations test campaign this summer. Joby was also the only electric vertical takeoff and landing (eVTOL) aircraft to fly in the weeklong Dubai Airshow this year. Flights Between Public Airports: Joby completed several point-to-point flights this year in preparation for commercial operations. The first was between Marina (OAR) and Monterey (MRY), two public airports with active commercial operations. The second took place between Marina and Salinas (SNS) as part of Joby's participation in the California International Airshow. Joby's flight test strategy has shown that its aircraft is already performing within FAA airworthiness standards as the company moves into the final stage of commercial regulatory approval. In addition, Blade Urban Air Mobility's operational milestone at this year's Ryder Cup in New York advanced Joby's mission by providing invaluable data and experience for scaling high-tempo passenger logistics ahead of launching its electric air taxi service. During the four-day event, Blade transported over 2,500 people from the New York metro area to the Ryder Cup in one of the largest multi-day civilian helicopter movements in U.S. history. Reported Earnings • Nov 07
Second quarter 2025 earnings released: US$0.41 loss per share (vs US$0.18 loss in 2Q 2024) Second quarter 2025 results: US$0.41 loss per share (further deteriorated from US$0.18 loss in 2Q 2024). Net loss: US$324.7m (loss widened 163% from 2Q 2024). Revenue is forecast to grow 66% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Airlines industry in the US. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 50% per year, which means it is well ahead of earnings. Major Estimate Revision • Nov 06
Consensus EPS estimates fall by 38% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -US$0.867 to -US$1.20 per share. Revenue forecast of US$42.2m unchanged since last update. Airlines industry in the US expected to see average net income growth of 17% next year. Consensus price target up from US$12.17 to US$12.50. Share price fell 13% to US$14.32 over the past week. Announcement • Nov 05
Joby Aviation, Inc. Begins Power-On Testing of First Conforming Aircraft, Enters Final Stage of Type Certification Process Joby Aviation, Inc. announced that it has begun power-on testing of the first of several FAA-conforming aircraft to be built for Type Inspection Authorization (TIA). With this milestone, Joby can now begin conducting thousands of hardware and software integration tests in preparation for "for credit" flight testing with FAA test pilots operating the aircraft. TIA testing is part of the final stage of the FAA Type Certification process and today's achievement marks a critical milestone on Joby's path to commercialization. Joby's first TIA-ready aircraft has been manufactured using Joby's established quality management system and adheres precisely to the intended type design for TIA testing. Each of Joby's TIA aircraft will be built with FAA-conforming components as required by Joby's FAA-approved test plans, with these components built to FAA Designated Engineering Representative-approved designs and inspected and signed off by FAA Designated Airworthiness Representatives. Power-on testing is the first step in preparing Joby's TIA aircraft for "for credit" flight test, with flight testing by Joby pilots expected to start later this year, ahead of FAA pilots taking the controls in 2026. During TIA testing, Joby will be working side-by-side with the FAA to ensure the aircraft meets all safety and performance requirements. The testing includes: Performance Validation:FAA pilots and Joby test pilots will validate the aircraft's performance envelope, including range, speed and energy management under real-world conditions. Control and Handling: Pilots will test the flight controls and handling qualities across all regimes of flight, from vertical takeoff and landing through wingborne cruise and back to hover. Maintenance and Operations: The TIA phase validates the operational procedures that will govern Joby's commercial service, including inspecting maintenance manuals, pilot training curriculum, and verifying the functionality and reliability of all onboard systems, such as avionics, propulsion and redundancies. The data collected during these TIA tests will be used by the FAA to make its final determination on issuing a Type Certification for Joby's aircraft, the approval needed to operate the aircraft commercially. Announcement • Oct 23
Joby Aviation, Inc. to Report Q3, 2025 Results on Nov 05, 2025 Joby Aviation, Inc. announced that they will report Q3, 2025 results After-Market on Nov 05, 2025 Major Estimate Revision • Oct 10
Consensus revenue estimates increase by 3,616%, EPS downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$230.0k to US$8.61m. EPS estimate fell from -US$0.842 to -US$0.867 per share. Airlines industry in the US expected to see average net income growth of 12% next year. Consensus price target up from US$10.83 to US$12.17. Share price fell 11% to US$16.28 over the past week. Announcement • Oct 06
Joby Aviation, Inc. Takes Flight from Marina to Salinas at the California International Air Show Joby Aviation, Inc. announced it has flown its all-electric aircraft at the California International Airshow in Salinas, flying in its own backyard following landmark demonstration flights withANA in Osaka, Japan that are expected to continue through October 13th. From Friday to Sunday, Joby completed three airshow demonstrations for a captivated California audience, including round-trip flights between Marina (OAR) and Salinas (SNS). Each flight lifted off vertically from Marina, transitioned to cruise for the short flight to Salinas, and then back to hover with a pilot onboard. audiences watched the aircraft perform a series of maneuvers, from steep distances to precise hovers, before it returned back to Marina and landed vertically. These flights demonstrated the reliability of the aircraft and the maturity of its operational capabilities as it approaches FAA type inspection authorization flight testing early next year. Attendees also experienced the aircraft's remarkable quietness, a key feature for urban operations where noise is a major concern, seeing it fly overhead, exploring it up close, and imagination a new era of quiet, clean, accessible flight. Joby intends to both operate its fast, quiet, and convenient air taxi service in cities around the world and sell its aircraft to other operators and partners. Recent Insider Transactions Derivative • Oct 02
Founder notifies of intention to sell stock JoeBen Bevirt intends to sell 254k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of October. If the sale is conducted around the recent share price of US$16.14, it would amount to US$4.1m. For the year to December 2020, JoeBen's total compensation was 17% salary and 83% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2024, JoeBen's direct individual holding has decreased from 94.56m shares to 93.62m. Company insiders have collectively sold US$10m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Sep 16
Executive Chairman of the Board notifies of intention to sell stock Paul Sciarra intends to sell 500k shares in the next 90 days after lodging an Intent To Sell Form on the 15th of September. If the sale is conducted around the recent share price of US$14.00, it would amount to US$7.0m. Since September 2024, Paul's direct individual holding has decreased from 59.98m shares to 57.02m. Company insiders have collectively sold US$10m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Sep 03
Joby Aviation, Inc. Completes U.S. Defense Exercise with Autonomous Flight Technology Joby Aviation, Inc. announced a first-of-its-kind demonstration of its autonomous flight technology. As part of the Resolute Force Pacific (REFORPAC), a Department-Level Exercise led by Pacific Air Forces (PACAF), Joby conducted a successful demonstration and validation of its SuperpilotTM autonomous flight technology over the Pacific Ocean and Hawaii, logging more than 7,000 miles of autonomous operations across more than 40 flight hours. Joby's autonomous flight technology Superpilot flying a Cessna 208 during REFORPAC 2025. The autonomous flights were managed from ground control stations at various locations throughout the exercise, primarily from more than 3,000 miles away at Andersen Air Force Base in Guam. A safety pilot was also onboard the aircraft to monitor the system's performance. As part of Joby's long-term strategy to develop dual-use technologies, Superpilot showcased its ability to provide an autonomous solution for the U.S. government's urgent need for light intra-theater airlift. The U.S. Air Force currently faces a challenge in efficiently supporting low-volume, high-urgency and high-risk deliveries in large operational theaters. The REFORPAC exercise validated that a light cargo aircraft, equipped with Superpilot, can meet this demand, while freeing up larger, more costly aircraft for other missions. Recent Insider Transactions Derivative • Aug 26
Executive Chairman of the Board notifies of intention to sell stock Paul Sciarra intends to sell 500k shares in the next 90 days after lodging an Intent To Sell Form on the 25th of August. If the sale is conducted around the recent share price of US$14.95, it would amount to US$7.5m. Since September 2024, Paul's direct individual holding has decreased from 59.98m shares to 57.52m. Company insiders have collectively sold US$10m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Aug 16
Joby Aviation, Inc. Achieves the First Piloted Evtol Air Taxi Flight Between Two Public Airports Joby Aviation, Inc. announced it has successfully operated with other aircraft in FAA-controlled airspace by completing its first flight between two U.S. airports, Marina (OAR) and Monterey (MRY), California. The achievement is a major step as part of Joby's commercial market readiness, highlighting key capabilities across safety, operations, air traffic control and certification progress. It's a critical measure of the maturity of the Company's path to commercialization as the flights also demonstrated the type of real-world service Joby intends to offer to the public. Joby's aircraft departs Marina (OAR) and lands at Monterey (MRY), making history as the first piloted eVTOL air taxi flight between two U.S.'s airports in FAA-controlled airspace. Joby's flight time from OAR to MRY was approximately 12 minutes over 10 nautical miles, including 5 minutes in a hold pattern at MRY for air traffic spacing. The piloted flight included vertical takeoff, transition to wingborne flight, integration into the controlled airspace around MRY, and vertical landing. The milestone marks the first time a piloted electric vertical takeoff and landing (eVTOL) air taxi has flown from one public airport to another. The flight also successfully demonstrated the team's ability to conduct mobile flight tests and deliver full ground support operations away from home base in Marina. On the heels of Joby's planned acquisition of Blade Air Mobility's passenger business, the demonstration continues to show the Company's commercial market readiness. The achievement builds on Joby's long history of testing and development, including more than 40,000 miles flown across its fleet. Joby recently began final assembly of its first aircraft intended for Type Inspection Authorization flight testing, one of the last major steps in FAA certification. It plans to begin flight testing with FAA pilots early next year. Following certification, Joby is planning to launch commercial service domestically starting in Los Angeles and New York City. Reported Earnings • Aug 10
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: US$0.41 loss per share (further deteriorated from US$0.18 loss in 2Q 2024). Net loss: US$324.7m (loss widened 163% from 2Q 2024). Revenue missed analyst estimates by 75%. Earnings per share (EPS) also missed analyst estimates by 120%. Revenue is forecast to grow 66% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Airlines industry in the US. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. Major Estimate Revision • Aug 07
Consensus EPS estimates fall by 35% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -US$0.667 to -US$0.903 per share. Revenue forecast of US$1.44m unchanged since last update. Airlines industry in the US expected to see average net income growth of 11% next year. Consensus price target up from US$8.50 to US$10.57. Share price rose 3.5% to US$17.25 over the past week. Announcement • Aug 07
Joby Aviation, Inc. Announces First Conforming Aircraft Heads to Final Assembly in Preparation for TIA Flight Testing Joby Aviation, Inc. announced it is preparing for final assembly of its first conforming aircraft intended for Type Inspection Authorization (TIA) flight tests. TIA flight testing of a conforming aircraft is a convergence of three critical initiatives within Joby that are aligned with the Federal Aviation Administration (FAA) standards: 1) relevant test plan approvals, 2) a design that meets FAA standards, and 3) the ability to manufacture the conforming design. Having successfully progressed all three ahead of assembly, including FAA acceptance of more than half of the Company's test plans, this milestone continues to move Joby into the final stage of FAA certification and closer to commercializing its electric air taxi. TIA expects its pilots to start flying this aircraft in 2025, with FAA pilots following shortly thereafter to directly evaluate the aircraft's performance and safety. Announcement • Aug 04
Joby Reportedly to Weigh Deal for Blade Joby Aviation, Inc. (NYSE:JOBY) is exploring an acquisition of helicopter ride-share operator Blade Air Mobility, Inc. (NasdaqCM:BLDE), according to people familiar with the matter. Joby has been evaluating a deal for Blade, which sells per-seat helicopter trips from New York City to nearby airports and resort towns, said the people, who asked to not be identified because the details aren’t public. The potential acquisition would give Joby, which is developing battery-powered air taxis, a ready-made market for its aircraft. No final decision has been made and Joby could opt against pursuing a deal for Blade, the people added. Representatives for Joby and Blade didn’t immediately respond to requests for comment. Blade, which went public through a merger with a special purpose acquisition company in 2021, hasn’t reported an annual a profit since it listed. The company’s shares have fallen 10% this year, giving it a market value of $309 million. Announcement • Jul 24
Joby Aviation, Inc. to Report Q2, 2025 Results on Aug 06, 2025 Joby Aviation, Inc. announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Price Target Changed • Jul 21
Price target increased by 9.7% to US$8.50 Up from US$7.75, the current price target is an average from 8 analysts. New target price is 50% below last closing price of US$16.84. Stock is up 160% over the past year. The company is forecast to post a net loss per share of US$0.67 next year compared to a net loss per share of US$0.87 last year. Recent Insider Transactions Derivative • Jul 15
Executive Chairman of the Board notifies of intention to sell stock Paul Sciarra intends to sell 500k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of July. If the sale is conducted around the recent share price of US$12.04, it would amount to US$6.0m. Since September 2024, Paul's direct individual holding has decreased from 59.98m shares to 58.02m. Company insiders have collectively sold US$6.8m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions Derivative • Jul 01
President of Operations notifies of intention to sell stock Bonny Simi intends to sell 300k shares in the next 90 days after lodging an Intent To Sell Form on the 30th of June. If the sale is conducted around the recent share price of US$9.44, it would amount to US$2.8m. Since September 2024, Bonny's direct individual holding has decreased from 212.95k shares to 203.59k. Company insiders have collectively sold US$4.0m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Jul 01
Joby Aviation, Inc. Cements Global Lead in Air Taxi Industry with Dubai Flights and Beginning of Commercial Market Readiness Work Joby Aviation, Inc. announced a historic milestone: its electric air taxi has successfully completed a series of piloted, vertical-takeoff-and-landing wingborne flights in Dubai, marking the start of its commercial market readiness efforts in the region. The flights and operational footprint in Dubai are a monumental step toward weaving air taxi services into the fabric of daily life worldwide. With visionary partners, we're igniting a future where quiet, clean flight is the new normal, and we're demonstrating the leadership of American innovation on the global stage. His Excellency Mattar Al Tayer, Director General, Chairman of the Board of Executive Directors of the Roads and Transport Authority - Dubai also witnessed the inaugural test flights in Dubai, gaining a front-row view of the progress toward their vision for safe and future-ready mobility. The launch of the air taxi's trial operation reflects UAE leadership's vision to advance sustainable and innovative mobility across all public and shared transport modes. It underscores Dubai's commitment to keeping pace with rapid global transformations and developing future-ready solutions to emerging mobility challenges. "The air taxi will introduce a new premium service for residents and visitors seeking smooth, fast, and safe travel to key destinations across the city. The service will also strengthen integration with public transport systems and individual mobility options such as e-scooters and bicycles, enabling seamless multimodal travel and enhanced connectivity across Dubai, ensuring a smooth and convenient experience for all passengers." Joby aims to introduce its commercial service at Dubai International Airport (DXB), Palm Jumeirah, Dubai Marina, and Dubai Downtown, with vertiport construction already underway. The DXB to Palm Jumeirah trip, for example, is expected to take only 12 minutes, cutting a 45-minute car ride down to a fraction of the time. Price Target Changed • Jun 09
Price target increased by 7.3% to US$8.25 Up from US$7.69, the current price target is an average from 8 analysts. New target price is 11% below last closing price of US$9.23. Stock is up 81% over the past year. The company is forecast to post a net loss per share of US$0.67 next year compared to a net loss per share of US$0.87 last year. New Risk • May 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (US$111k revenue). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$595m net loss in 3 years). Shareholders have been diluted in the past year (19% increase in shares outstanding). Significant insider selling over the past 3 months (US$677k sold). Recent Insider Transactions Derivative • May 20
Executive Chairman of the Board notifies of intention to sell stock Paul Sciarra intends to sell 167k shares in the next 90 days after lodging an Intent To Sell Form on the 19th of May. If the sale is conducted around the recent share price of US$7.39, it would amount to US$1.2m. Since June 2024, Paul's direct individual holding has decreased from 60.14m shares to 58.49m. Company insiders have collectively sold US$4.0m more than they bought, via options and on-market transactions in the last 12 months. Announcement • May 12
Joby Aviation, Inc. Flies Two Aircraft Simultaneously in Testing Milestone Joby Aviation, Inc. announced it has successfully flown two of its aircraft simultaneously for the first time, marking another important milestone in the Company's flight testing program. The two-aircraft flight, completed in Marina, CA, on May 9, is a further demonstration of the maturity of Joby's test program, and comes just two weeks after the Company announced it had reached another testing landmark, successfully completing flights with a full transition from vertical to cruise flight, and back again, with a pilot onboard. Joby has partnered with Delta Air Lines and Uber to bring its service to the US and expects Los Angeles and New York City to be launch markets. Service is planned to start shortly after Joby receives type certification from the Federal Aviation Administration. Outside the US, Joby recently announced a partnership with Virgin Atlantic to bring its service to the UK and has partnered with ANA Holdings Inc., Japan's largest airline, to bring its service to Japan. Joby's First Quarter 2025 Shareholder Letter, published last week, celebrated a second consecutive quarter of record progress toward certifying its aircraft with the FAA and reiterated plans to start passenger operations in Dubai in early 2026. Joby has completed more than 40,000 miles of test flights across multiple aircraft, including demonstration flights in New York City, Japan, and Korea. The sixth aircraft to join Joby's flight test program is currently undergoing final functional checks, having been powered on for the first time last month. Reported Earnings • May 09
First quarter 2025 earnings released: US$0.11 loss per share (vs US$0.14 loss in 1Q 2024) First quarter 2025 results: US$0.11 loss per share (improved from US$0.14 loss in 1Q 2024). Net loss: US$82.4m (loss narrowed 13% from 1Q 2024). Revenue is forecast to grow 66% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Airlines industry in the US. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Major Estimate Revision • May 09
Consensus revenue estimates decrease by 64%, EPS upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$7.31m to US$2.60m. EPS estimate increased from -US$0.749 to -US$0.676 per share. Airlines industry in the US expected to see average net income growth of 10% next year. Consensus price target broadly unchanged at US$7.75. Share price rose 5.4% to US$6.65 over the past week. Announcement • May 08
Joby Aviation, Inc. Announces the Appointment of Rodrigo Brumana as Chief Financial Officer, Effective May 29, 2025 Joby Aviation, Inc. announced the appointment of Rodrigo Brumana as Chief Financial Officer, effective May 29, 2025. Brumana is a seasoned Silicon Valley CFO, with experience scaling complex global finance operations at HP, Amazon, eBay, and most recently, Poshmark. Earlier in his career, Brumana worked in complex manufacturing at Fairchild Semiconductor and Palm, Inc. Major Estimate Revision • May 01
Consensus revenue estimates decrease by 14% The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$8.49m to US$7.31m. EPS estimate reaffirmed at -US$0.749 per share. Airlines industry in the US expected to see average net income growth of 7.2% next year. Consensus price target of US$7.69 unchanged from last update. Share price fell 2.6% to US$6.31 over the past week. Announcement • Apr 30
Joby Aviation, Inc. Achieves Testing Landmark with Piloted Aircraft Joby Aviation, Inc. announced it has reached a landmark moment in its aircraft test program, successfully completing flights with a full transition from vertical to cruise flight, and back again, with a pilot onboard. Transitioning from vertical to horizontal flight is a key design attribute of the Joby aircraft, allowing it to take-off and land vertically like a helicopter, while maintaining the efficiency and speed of a conventional, fixed-wing aircraft in forward flight. This unique capability will enable Joby to deliver rapid and seamless passenger service directly to popular destinations. Joby purposefully set out to demonstrate remotely-piloted transition first, completing the first transition of a full-scale, prototype aircraft in 2017. The Company has since completed more than 40,000 miles of test flights across multiple aircraft, including hundreds of transitions from vertical take-off to cruise flight as well as more than a hundred flights with a pilot onboard in hover and low-speed flight. The first pilot-on-board transition was flown by Joby Chief Test Pilot James "Buddy" Denham and took place at Joby's flight test facility in Marina, California. Denham, who has flown more than 60 different aircraft types, joined Joby in 2019 after retiring from Naval Air Systems Command where he led the research and development of the joint US-UK Unified Control Concept that was successfully integrated into the F-35B Joint Strike Fighter. The flight saw Denham execute a vertical take-off in the latest aircraft to roll off Joby's Marina production line (N544JX), before climbing out and accelerating to fully wingborne flight and returning for a vertical landing on the runway. Joby also completed a series of flight tests at Edwards Air Force Base designed to confirm the redundancy present throughout the aircraft's design, with remote, ground-based pilots handling simulated motor-out, battery-out, and other potential in-flight events. In all cases, the aircraft performed as expected, enabling Joby pilots to continue safe flight and a controlled, vertical landing, even when relying on just four of the aircraft's six propellers. As well as completing testing at its base in California, Joby has also previously completed demonstration flights in New York City, Japan, and Korea. Joby remains on track to deliver an aircraft to Dubai in the middle of 2025 to complete flight testing ahead of first passenger flights in the region. All forward looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including: ability to launch air taxi service and the growth of the urban air mobility market generally; ability to produce aircraft that meet performance expectations in the volumes and on the timelines that project; complexities related to obtaining certification and operating in foreign markets; the competitive environment in which it operate; future capital needs; ability to adequately protect and enforce intellectual property rights; ability to effectively respond to evolving regulations and standards relating to aircraft; reliance on third-party suppliers and service partners; uncertainties related to the size of the market for service. Announcement • Apr 24
Joby Aviation, Inc. to Report Q1, 2025 Results on May 07, 2025 Joby Aviation, Inc. announced that they will report Q1, 2025 results After-Market on May 07, 2025 Recent Insider Transactions Derivative • Apr 23
Executive Chairman of the Board notifies of intention to sell stock Paul Sciarra intends to sell 167k shares in the next 90 days after lodging an Intent To Sell Form on the 21st of April. If the sale is conducted around the recent share price of US$5.89, it would amount to US$982k. Since June 2024, Paul's direct individual holding has decreased from 60.14m shares to 58.65m. Company insiders have collectively sold US$3.9m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Apr 14
Joby Aviation, Inc., Annual General Meeting, Jun 06, 2025 Joby Aviation, Inc., Annual General Meeting, Jun 06, 2025. Recent Insider Transactions Derivative • Mar 25
Executive Chairman of the Board notifies of intention to sell stock Paul Sciarra intends to sell 167k shares in the next 90 days after lodging an Intent To Sell Form on the 24th of March. If the sale is conducted around the recent share price of US$6.64, it would amount to US$1.1m. Since March 2024, Paul's direct individual holding has decreased from 60.12m shares to 58.82m. Company insiders have collectively sold US$4.2m more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Mar 06
Consensus revenue estimates fall by 61% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$23.4m to US$9.11m. Forecast losses increased from -US$0.712 to -US$0.752 per share. Airlines industry in the US expected to see average net income growth of 51% next year. Consensus price target reaffirmed at US$8.06. Share price was steady at US$6.79 over the past week. New Risk • Feb 27
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: US$136k This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (US$136k revenue). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$658m net loss in 3 years). Share price has been volatile over the past 3 months (13% average weekly change). Announcement • Feb 13
Joby Aviation, Inc. to Report Q4, 2024 Results on Feb 26, 2025 Joby Aviation, Inc. announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Feb 26, 2025 Recent Insider Transactions Derivative • Feb 04
Executive Chairman of the Board notifies of intention to sell stock Paul Sciarra intends to sell 333k shares in the next 90 days after lodging an Intent To Sell Form on the 3rd of February. If the sale is conducted around the recent share price of US$8.26, it would amount to US$2.8m. Since March 2024, Paul's direct individual holding has decreased from 60.12m shares to 59.15m. Company insiders have collectively sold US$3.9m more than they bought, via options and on-market transactions in the last 12 months. Price Target Changed • Jan 17
Price target increased by 7.9% to US$8.06 Up from US$7.47, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of US$8.17. Stock is up 45% over the past year. The company is forecast to post a net loss per share of US$0.71 next year compared to a net loss per share of US$0.79 last year. Major Estimate Revision • Jan 12
Consensus revenue estimates increase by 47% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from US$120.0k to US$180.0k. EPS estimate unchanged at -US$0.712. Airlines industry in the US expected to see average net income growth of 41% next year. Consensus price target up from US$7.47 to US$7.81. Share price fell 11% to US$8.74 over the past week. Recent Insider Transactions Derivative • Jan 07
Founder notifies of intention to sell stock JoeBen Bevirt intends to sell 200k shares in the next 90 days after lodging an Intent To Sell Form on the 6th of January. If the sale is conducted around the recent share price of US$9.77, it would amount to US$2.0m. For the year to December 2020, JoeBen's total compensation was 15% salary and 85% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, JoeBen's direct individual holding has decreased from 95.21m shares to 94.60m. Company insiders have collectively sold US$3.9m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Dec 20
Joby Aviation, Inc. Successfully Conducts First FAA Testing Under Tia, Begins Final Phase of Certification Program Joby Aviation, Inc. announced it has entered the final phase of certification for its electric air taxi, having conducted its first FAA testing under Type Inspection Authorization ("TIA"). The testing involved pilots from the Federal Aviation Administration ("FAA") evaluating human factors elements of flight safety using an FAA-conforming flight deck in a Joby simulator. TIA testing is considered the final phase of the type certification process, which paves the way for an aircraft to begin commercial passenger operations. This phase involves FAA test pilots conducting testing to validate an aircraft's performance and safety in accordance with previously-approved certification test plans. The tests were conducted according to a set of criteria outlined in an FAA-approved human factors certification test plan and measured pilot workload under various expected flight conditions, physical ergonomics of the flight deck, as well as other human factors aspects of aircraft safety. Four FAA test pilots completed three days of TIA testing during the engagement. In another major achievement earlier this month, Joby announced it has successfully completed static load testing on a FAA-conforming tail structure of the aircraft, marking the first time the Company had tested a major aerostructure for FAA credit. Joby is the first eVTOL manufacturer to complete three of five stages of the FAA type certification program and is more than 40% complete with the Company's work for the fourth stage. Joby's electric air taxi is designed to carry a pilot and up to four passengers at speeds of up to 200 mph, offering high-speed mobility with a fraction of the noise produced by helicopters and zero operating emissions. Announcement • Dec 18
Joby Aviation, Inc. Completes First FAA Testing on Major Aircraft Aerostructure Joby Aviation, Inc. announced it has completed a landmark series of major aerostructure tests for certification credit with the Federal Aviation Administration (FAA). Joby has successfully completed static load testing of the tail structure, marking the first time the Company has tested a major aerostructure of its aircraft for-credit with FAA representatives present. The tests took place in Santa Cruz, CA, as part of a rigorous testing campaign covering all of the structures, components, and systems on the aircraft, producing data that is required for FAA type certification of the aircraft. During the tests, Joby engineers applied loads to the aircraft's tail structure that far exceed the maximum forces the structure is expected to experience during flight. The FAA-conforming tail structure used in the test, along with the test procedure, instrumentation, and applied loads, are outlined in Joby's certification documents, which have been approved by the FAA as part of the certification process. Joby's electric air taxi is designed to carry a pilot and up to four passengers at speeds of up to 200 mph, offering high-speed mobility with a fraction of the noise produced by helicopters and zero operating emissions. Announcement • Dec 11
Joby Aviation, Inc. has filed a Follow-on Equity Offering in the amount of $300 million. Joby Aviation, Inc. has filed a Follow-on Equity Offering in the amount of $300 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Recent Insider Transactions Derivative • Dec 10
Executive Chairman of the Board notifies of intention to sell stock Paul Sciarra intends to sell 333k shares in the next 90 days after lodging an Intent To Sell Form on the 9th of December. If the sale is conducted around the recent share price of US$8.84, it would amount to US$2.9m. Since March 2024, Paul's direct individual holding has decreased from 60.12m shares to 59.82m. Company insiders have collectively sold US$4.4m more than they bought, via options and on-market transactions in the last 12 months. Announcement • Nov 20
Fly the Joby Aircraft in the New Release of Microsoft Flight Simulator Joby Aviation, Inc. announced that pilots around the world can now take the controls of the Joby aircraft in the next generation of one of the most beloved simulation franchises, Microsoft Flight Simulator 2024. The Joby electric air taxi is available in the latest edition of Microsoft Flight Simulator, released, offering all generations of aviation enthusiasts an opportunity to experience the future of flight from the pilot’s seat. The Joby aircraft uses a novel approach to flight controls to enable pilots to intuitively transition from vertical take-off to wingborne flight. Known as “unified flight controls,” the aircraft is piloted similar to vertical-lift military aircraft such as the F-35B Joint Strike Fighter. Players will be able to fly the Joby aircraft between helipads and airports worldwide in the game, including potential routes for Joby’s air taxi service such as from JFK Airport to Downtown Manhattan, where Joby completed real-life piloted exhibition flights last year. Joby recently brought its aircraft to Grand Central Terminal in New York City and The Grove in Los Angeles, sharing the Company’s vision for the future of flight with local communities. The inclusion of the Joby aircraft in Microsoft Flight Simulator 2024 is the result of years of collaboration between Joby and the Microsoft Flight Simulator team to capture the interior and exterior dimensions as well as the flight physics and controls of the aircraft in all stages of flight. Joby’s electric air taxi is designed to carry a pilot and four passengers at speeds of up to 200 mph, offering high-speed mobility with a fraction of the noise produced by helicopters and zero operating emissions. Joby recently outlined its intended pilot training curriculum, which will see commercial fixed-wing pilots complete a series of simulator and real-life training exercises in order to earn a powered-lift type rating. Joby is working with CAE, a global leader in pilot training and simulation, to develop Level 7 and Level C flight simulation training devices. Recent Insider Transactions Derivative • Nov 20
Executive Chairman of the Board notifies of intention to sell stock Paul Sciarra intends to sell 167k shares in the next 90 days after lodging an Intent To Sell Form on the 18th of November. If the sale is conducted around the recent share price of US$5.73, it would amount to US$955k. Since March 2024, Paul's direct individual holding has decreased from 60.12m shares to 59.98m. Company insiders have collectively sold US$4.5m more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Nov 13
Consensus revenue estimates decrease by 56% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$400.0k to US$170.0k. EPS estimate unchanged at -US$0.703 per share. Airlines industry in the US expected to see average net income growth of 33% next year. Consensus price target down from US$7.68 to US$7.39. Share price rose 24% to US$6.32 over the past week. New Risk • Nov 08
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.5% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$552m net loss in 3 years). Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (9.9% increase in shares outstanding). Revenue is less than US$5m (US$1.1m revenue). Announcement • Nov 05
Joby Aviation, Inc. Complete First Air Taxi Flight in Japan Toyota Motor Corporation announced the completion of Joby’s first international exhibition flight which took place at Toyota’s Higashi-Fuji Technical Center in Shizuoka, Japan earlier this week. The flight, completed within sight of Mount Fuji, marked an opportunity to demonstrate the low acoustic footprint of Joby’s emissions-free aircraft and celebrate nearly seven years of collaboration between the two companies, during which time Toyota has supported Joby by providing insights from its extensive automotive manufacturing and technology expertise. Toyota engineers now work side-by-side with the Joby team in California and, in 2023, the two companies signed a long-term agreement for Toyota to supply key powertrain and actuation components for the production of Joby’s aircraft. A wide range of stakeholders gathered at the test facility for an event to celebrate the exhibition flight and historic milestone, including Akio Toyoda, Chairman of Toyota Motor Corporation, and representatives of Japan’s Civil Aviation Bureau. Joby’s electric air taxi is designed to carry a pilot and four passengers at speeds of up to 200 mph, offering high-speed mobility with zero operating emissions and a fraction of the noise produced by helicopters. This new mobility service aims to reduce traffic congestion, minimize environmental impact, and provide transportation solutions for urban and rural regions, demonstrating the potential to address various transportation challenges in Japan and around the world. Joby was founded in 2009 and has since completed thousands of test flights, including exhibition flights from the iconic Downtown Manhattan Heliport in New York City. Announcement • Oct 26
Joby Aviation, Inc. has completed a Follow-on Equity Offering in the amount of $202 million. Joby Aviation, Inc. has completed a Follow-on Equity Offering in the amount of $202 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 40,000,000
Price\Range: $5.05
Discount Per Security: $0.214625 Announcement • Oct 25
Joby Aviation, Inc. has filed a Follow-on Equity Offering in the amount of $200 million. Joby Aviation, Inc. has filed a Follow-on Equity Offering in the amount of $200 million.
Security Name: Common Stock
Security Type: Common Stock Announcement • Oct 24
Joby Aviation, Inc. to Report Q3, 2024 Results on Nov 06, 2024 Joby Aviation, Inc. announced that they will report Q3, 2024 results After-Market on Nov 06, 2024 Announcement • Oct 03
Joby Aviation, Inc. announced that it expects to receive $500.000002 million in funding from Toyota Motor Corporation Joby Aviation, Inc. announced that it has entered into a securities purchase agreement to issue 99,403,579 shares at a price of $5.03 per share for the gross proceeds of $500,000,002.37 on October 1, 2024. The transaction will include participation from returning investor Toyota Motor Corporation bringing its total investment to $894,000,000. The Private Placement is structured in two equal tranches of $250,000,001.185 each. The first tranche is targeted to close later this year and the second in 2025. New Risk • Oct 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 9.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 8.9% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$583m net loss in 3 years). Share price has been volatile over the past 3 months (9.5% average weekly change). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Revenue is less than US$5m (US$1.1m revenue). Recent Insider Transactions Derivative • Oct 02
Executive Chairman of the Board notifies of intention to sell stock Paul Sciarra intends to sell 167k shares in the next 90 days after lodging an Intent To Sell Form on the 30th of September. If the sale is conducted around the recent share price of US$5.22, it would amount to US$870k. Since December 2023, Paul's direct individual holding has decreased from 60.32m shares to 60.15m. Company insiders have collectively sold US$4.4m more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Sep 04
Consensus revenue estimates decrease by 54% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$850.0k to US$400.0k. EPS estimate unchanged from -US$0.72 per share at last update. Airlines industry in the US expected to see average net income growth of 34% next year. Consensus price target of US$7.93 unchanged from last update. Share price was steady at US$4.88 over the past week. Major Estimate Revision • Aug 15
Consensus revenue estimates decrease by 82%, EPS upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$2.08m to US$370.0k. EPS estimate increased from -US$0.757 to -US$0.718 per share. Airlines industry in the US expected to see average net income growth of 26% next year. Consensus price target broadly unchanged at US$7.75. Share price was steady at US$4.96 over the past week. New Risk • Aug 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.2% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$608m net loss in 3 years). Share price has been volatile over the past 3 months (10.0% average weekly change). Shareholders have been diluted in the past year (5.0% increase in shares outstanding). Revenue is less than US$5m (US$1.1m revenue). Announcement • Jul 25
Joby Aviation, Inc. to Report Q2, 2024 Results on Aug 07, 2024 Joby Aviation, Inc. announced that they will report Q2, 2024 results on Aug 07, 2024 