Joby Aviation, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 12, 2022 at 05:05 pm EDT
Share
Joby Aviation, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net loss was USD 49.57 million compared to USD 65.01 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to USD 0.58 a year ago.
For the six months, net loss was USD 111.89 million compared to USD 106.51 million a year ago. Basic loss per share from continuing operations was USD 0.19 compared to USD 0.96 a year ago.
Joby Aviation, Inc. is a transportation company developing electric air taxis for commercial passenger service. The Company is developing an all-electric, vertical take-off and landing (eVTOL) air taxi. The Joby eVTOL is designed to transport a pilot and four passengers at speeds of up to 200 miles per hour with a range of 100 miles. It plans to manufacture, own and operate its aircraft. It is focused on delivering transportation services to customers, including government agencies such as the United States Air Force through sales or contracted operations, and to individual end-users through an app-based aerial ridesharing service. Its Global Electric Aviation Charging System is designed to support operation of electric aircraft. It operates a powertrain and electronics engineering and manufacturing facility in San Carlos, California, as well as 130,000 square feet of additive and subtractive manufacturing, machining, aircraft assembly and flight test facilities in Marina, California.
JOBY AVIATION, INC. 
