Joby Aviation, Inc., a vertically integrated air mobility company, engages in building an electric vertical takeoff and landing aircraft optimized to deliver air transportation as a service. It intends to build an aerial ridesharing service. The company was founded in 2009 and is headquartered in Santa Cruz, California.

Joby Aviation, Inc.

Joby is a California-based company building quiet, all-electric aircraft to connect people like never before. Quiet as a conversation and with the ability to take off and land vertically, the Joby aircraft will change the way we move while reducing the acoustic and climate footprint of flight.

Joby Aviation

🛫  Aviation Workforce Development 🛬  — We’re thrilled to receive a $500,000 grant from the FAA to unlock new career paths for aspiring aviation maintenance professionals as one of only twenty programs selected by the agency.

We’re committed to helping address the aviation maintenance workforce shortage and broadening access to careers in the sector. This grant will accelerate the establishment of training courses and earn-and-learn programs within our Part 145 Repair Station, and we greatly appreciate the FAA's direct support.

https://lnkd.in/gCUnvhBp

Joby in Ohio — We’ve acquired a facility at Dayton International Airport and begun hiring in Ohio to support our initial manufacturing operations in the Miami Valley region. Later this year, once the facility has been outfitted for production, we’ll begin subtractive manufacturing of aircraft parts.

The acquisition of this on-airport facility is the first step in our plan to develop facilities capable of building up to 500 aircraft per year in Dayton.

Read more: https://lnkd.in/eDaFYT4h

Federal Aviation Administration Administrator Mike Whitaker stopped by our mobile flight simulator at Vaughn College of Aeronautics and Technology in Queens, NYC, to fly the Joby aircraft and discuss our joint efforts to prepare for the introduction of eVTOL aircraft into the national airspace. 

We deeply appreciate the FAA’s commitment to both safety and innovation as we continue to lead the industry towards bringing electric air taxis to the public.

The Joby team is hard at work running endurance tests on our propulsion system and propeller assembly in support of our aircraft certification program. 

Using the unique test stand pictured here that we developed and built in-house, we're able to log many hours of high-fidelity performance data on this integrated system without flying an aircraft.

LEADERSHIP ON CERTIFICATION – We're pleased to have been the first electric air taxi company to complete the first, the second, and now the third stage of the FAA certification process.

With all of our certification plans accepted, we’re now completely focused on Stage 4 and 5 as we continue to ramp up our for-credit testing across aircraft components and systems.

	Dec '20	Dec '21	Dec '22	Dec '23
revenue				1.03M -
cost of revenue				200K -
gross profit				832K -
selling and marketing expenses
general and administrative expenses
selling general and administrative expenses	23.50M -	61.52M 161.85%	95.92M 55.92%	105.88M 10.38%
research and development expenses	108.74M -	197.57M 81.69%	296.28M 49.96%	367.05M 23.89%
other expenses				200K -
cost and expenses	132.24M -	259.09M 95.93%	392.20M 51.38%	473.13M 20.63%
operating expenses	132.24M -	259.09M 95.93%	392.20M 51.38%	472.93M 20.58%
interest expense	249K -	2.43M 874.30%	118K 95.14%
ebitda	-113.38M -	-212.59M 87.50%	-331.84M 56.09%	-355.22M 7.05%
operating income	-132.24M -	-259.09M 95.93%	-392.20M 51.38%	-472.09M 20.37%
depreciation and amortization	18.85M -	46.50M 146.64%	60.36M 29.82%	30.49M 49.48%
total other income expenses net	18.10M -	68.23M 276.89%	134.25M 96.77%	-86.38M 164.34%
income before tax	-114.13M -	-190.86M 67.23%	-257.95M 35.15%	-512.91M 98.84%
income tax expense	31K -	-10.54M 34,090.32%	92K 100.87%	139K 51.09%
net income	-114.16M -	-180.32M 57.95%	-258.04M 43.10%	-513.05M 98.82%
weighted average shs out	603.89M -	294.85M 51.17%	585.54M 98.59%	647.91M 10.65%
weighted average shs out dil	603.89M -	294.85M 51.17%	585.54M 98.59%	647.91M 10.65%
eps	-0.19 -	-0.61 221.05%	-0.44 27.87%	-0.79 79.55%
epsdiluted	-0.19 -	-0.61 221.05%	-0.44 27.87%	-0.79 79.55%

COM:JOBYAVIATION

Joby Aviation

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