Joby Aviation (NYSE:JOBY) Full Year 2024 Results

Key Financial Results

• Net loss: US$608.0m (loss widened by 19% from FY 2023).
• US$0.87 loss per share (further deteriorated from US$0.79 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Joby Aviation Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 34%. Earnings per share (EPS) also missed analyst estimates by 22%.

In the last 12 months, the only revenue segment was Aerospace & Defense contributing US$136.0k. The largest operating expense was Research & Development (R&D) costs, amounting to US$477.2m (78% of total expenses). Explore how JOBY's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 60% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Airlines industry in the US.

Performance of the American Airlines industry.

The company's shares are down 9.6% from a week ago.

Risk Analysis

You should learn about the 3 warning signs we've spotted with Joby Aviation (including 1 which shouldn't be ignored).

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.