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
account payables	4.93M -	3.64M 26.20%	7.71M 111.99%	3.01M 61.01%
accumulated other comprehensive income loss	527K -	-122K 123.15%	-8.85M 7,150.82%	-480K 94.57%
cash and cash equivalents	77.34M -	955.56M 1,135.58%	146.10M 84.71%	204.02M 39.64%
cash and short term investments	445.92M -	1.30B 191.26%	1.06B 18.63%	1.03B 2.32%
common stock		60K -	61K 1.67%	70K 14.75%
deferred revenue				2.53M -
deferred revenue non current
deferrred tax liabilities non current
goodwill		10.76M -	14.01M 30.25%	14.01M 0%
goodwill and intangible assets		25.27M -	26.59M 5.24%	20.60M 22.55%
intangible assets		14.51M -	12.58M 13.31%	6.58M 47.66%
inventory	2.83M -	16.78M 493.56%	22.23M 32.46%
long term debt	1.61M -	1.35M 15.74%	23.61M 1,643.94%	26.35M 11.59%
long term investments	10.99M -	20.31M 84.77%		762K -
net debt	-74.69M -	-953.17M 1,176.10%	-118.78M 87.54%	-173.36M 45.95%
net receivables	2.23M -	2.31M 3.95%	4.02M 73.69%	4.66M 15.87%
other assets				1 -
other current assets	205K -	636K 210.24%	1.14M 78.93%	18.84M 1,555.71%
other current liabilities	2.04M -	9.18M 349.53%	18.78M 104.72%	35.28M 87.85%
other liabilities
other non current assets	955K -	60.57M 6,242.62%	64.96M 7.25%	60.61M 6.70%
other non current liabilities	770.81M -	156.39M 79.71%	74.43M 52.41%	163.59M 119.80%
othertotal stockholders equity	12.59M -	305.08M 2,322.97%	1.91B 525.48%	2.28B 19.62%
preferred stock		1.49B -
property plant equipment net	34.13M -	53.16M 55.76%	117.25M 120.59%	131.72M 12.34%
retained earnings	-296.29M -	-476.61M 60.86%	-734.65M 54.14%	-1.25B 69.84%
short term debt	1.04M -	1.04M 0%	3.71M 258.11%	4.31M 16.23%
short term investments	368.59M -	343.25M 6.87%	910.69M 165.32%	828.23M 9.05%
tax assets		10.51M -		-1 -
tax payables
total assets	497.25M -	1.49B 199.31%	1.29B 13.13%	1.27B 1.82%
total current assets	451.18M -	1.32B 192.24%	1.08B 17.77%	1.06B 2.62%
total current liabilities	8.01M -	13.85M 72.99%	30.20M 118.10%	45.14M 49.44%
total debt	2.64M -	2.39M 9.57%	27.32M 1,043.22%	30.66M 12.22%
total investments	379.58M -	363.55M 4.22%	910.69M 150.50%	829.00M 8.97%
total liabilities	780.42M -	171.60M 78.01%	128.24M 25.26%	235.07M 83.30%
total liabilities and stockholders equity	497.25M -	1.49B 199.31%	1.29B 13.13%	1.27B 1.82%
total non current assets	46.07M -	169.81M 268.59%	208.81M 22.96%	213.68M 2.34%
total non current liabilities	772.42M -	157.75M 79.58%	98.04M 37.85%	189.94M 93.73%
total stockholders equity	-283.17M -	1.32B 565.01%	1.16B 11.54%	1.03B 11.19%

NYSE:JOBY

Joby Aviation

Last Close

5.38

03/05 20:00

Market Cap

3.92B

Beta: 1.59

Volume Today

4.21M

Avg: 2.61M

PE Ratio

−7.97

PFCF: −11.39