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
net income	-114.16M -	-180.32M 57.95%	-258.04M 43.10%	-513.05M 98.82%
depreciation and amortization	7.40M -	15.94M 115.33%	24.00M 50.50%	30.49M 27.08%
deferred income tax		-10.54M -		-6.44M -
stock based compensation	7.18M -	26.93M 274.84%	69.07M 156.47%	93.64M 35.56%
change in working capital	5.20M -	5.11M 1.69%	51.75M 912.58%	8.91M 82.78%
accounts receivables	-3.10K -	-11.81K 280.75%	-1.82K 84.56%
inventory	3.10K -	11.81K 280.75%	1.82K 84.56%
accounts payables	8.38M -	6.44M 23.19%	10.88M 69.06%	6.44M 40.81%
other working capital	-3.18M -	-1.33M 58.31%	40.87M 3,179.80%	2.47M 93.95%
other non cash items	-11.52M -	-52.87M 358.76%	-122.70M 132.10%	72.62M 159.18%
net cash provided by operating activities	-105.90M -	-195.75M 84.84%	-235.93M 20.52%	-313.83M 33.02%
investments in property plant and equipment	-23.31M -	-32.34M 38.76%	-54.89M 69.73%	-30.60M 44.26%
acquisitions net	-407K -	-6.85M 1,584.03%	-5.71M 16.73%	-20.20M 253.99%
purchases of investments	-620.78M -	-401.63M 35.30%	-1.36B 238.36%	-809.98M 40.40%
sales maturities of investments	251.34M -	422.08M 67.94%	788.76M 86.87%	920.88M 16.75%
other investing activites				20.20M -
net cash used for investing activites	-393.16M -	-18.74M 95.23%	-630.79M 3,266.72%	80.30M 112.73%
debt repayment	-1.01M -	-1.18M 16.85%	-1.04M 11.70%	-844K 18.92%
common stock issued	70.23M -	1.02B 1,350.95%	60.06M 94.11%	289.08M 381.32%
common stock repurchased				6.92M -
dividends paid				-8.97M -
other financing activites		74.97M -	1.44M 98.08%	2.06M 43.01%
net cash used provided by financing activities	69.22M -	1.09B 1,478.71%	60.46M 94.47%	288.24M 376.77%
effect of forex changes on cash
net change in cash	-429.84M -	878.29M 304.33%	-806.26M 191.80%	54.71M 106.79%
cash at beginning of period	507.87M -	78.03M 84.64%	956.33M 1,125.59%	149.31M 84.39%
cash at end of period	78.03M -	956.33M 1,125.59%	150.07M 84.31%	204.02M 35.95%
operating cash flow	-105.90M -	-195.75M 84.84%	-235.93M 20.52%	-313.83M 33.02%
capital expenditure	-23.31M -	-32.34M 38.76%	-54.89M 69.73%	-30.60M 44.26%
free cash flow	-129.21M -	-228.09M 76.53%	-290.81M 27.50%	-344.43M 18.44%

NYSE:JOBY

Joby Aviation

Last Close

5.02

17/05 20:00

Market Cap

3.92B

Beta: 1.59

Volume Today

2.93M

Avg: 2.61M

PE Ratio

−7.97

PFCF: −11.39