Joby Aviation Reports Fourth Quarter and Full Year 2022 Financial Results

Rhea-AI Summary

Joby Aviation, Inc. (NYSE: JOBY), a California-based company focused on all-electric aircraft, announced its financial results for Q4 and full year 2022. Investors can find detailed information in the fourth quarter shareholder letter available on the company’s investor relations website. A live audio webcast will occur on February 22, 2023, at 2:00 p.m. PT (5:00 p.m. ET), allowing stakeholders to delve into the financial data. Joby aims to modernize urban transportation with its innovative aerial service, although they highlight potential risks associated with regulatory challenges and market competition.

Positive

• Continued development of all-electric aircraft for urban air mobility.
• Plans to host a Q4 financial results webcast, indicating transparency.

Negative

• Risks in launching aerial ridesharing service due to regulatory challenges.
• Potential competition affecting market entry and performance.

SANTA CRUZ, Calif.--(BUSINESS WIRE)-- Joby Aviation, Inc. (NYSE: JOBY), a California-based company developing all-electric aircraft for commercial passenger service, today announced its financial results for the fourth quarter and full year 2022. Please visit the Joby investor relations website https://ir.jobyaviation.com/ to view the fourth quarter 2022 shareholder letter. Today the company will host a live audio webcast of its conference call to discuss the results at 2:00 p.m. PT (5:00 p.m. ET).

Additional Webcast Details:

What: Joby Fourth Quarter and Full Year 2022 Financial Results Webcast

When: Wednesday, February 22, 2023

Time: 2:00 p.m. PT (5:00 p.m. ET)

Webcast: Upcoming Events section of the company website (www.jobyaviation.com)

If unable to attend the webcast, to listen by phone, please dial 1-877-407-9719 or 1-201-378-4906. A replay of the webcast will be available on the company website following the event.

About Joby Aviation

Joby Aviation, Inc. (NYSE: JOBY) is a California-based transportation company developing an all-electric vertical take-off and landing aircraft which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. To learn more, visit www.jobyaviation.com.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the development and performance of Joby’s aircraft, the growth of its manufacturing capabilities and its regulatory outlook, progress and timing. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially including: Joby’s ability to launch its aerial ridesharing service and the growth of the urban air mobility market generally; Joby’s ability to produce aircraft that meet its performance expectations in the volumes and on the timelines that it projects; the competitive environment in which it operates; its future capital needs; its ability to adequately protect and enforce its intellectual property rights; its ability to effectively respond to evolving regulations and standards relating to its aircraft; its reliance on a third-party suppliers and service partners; uncertainties related to Joby’s estimates of the size of the market for its service and future revenue opportunities; and other important factors discussed in the section titled “Risk Factors” in its Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on March 28, 2022, and in other reports it files with or furnishes to the SEC. Any such forward-looking statements represent management’s estimates and beliefs as of the date of this press release. While Joby may elect to update such forward-looking statements at some point in the future, it disclaims any obligation to do so, even if subsequent events cause its views to change.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230222005890/en/

Joby Aviation



Investors:

investors@jobyaviation.com



Media:

press@jobyaviation.com

Source: Joby Aviation, Inc.

FAQ

What were Joby Aviation's financial results for Q4 2022?

Joby Aviation announced its Q4 2022 financial results but specific metrics are detailed in their shareholder letter.

When will Joby Aviation's Q4 financial results webcast take place?

The webcast for Joby Aviation's Q4 financial results is scheduled for February 22, 2023, at 2:00 p.m. PT (5:00 p.m. ET).

What risks does Joby Aviation face in its business?

Joby Aviation faces risks related to regulatory challenges, market competition, and the success of its aerial ridesharing service.

How does Joby Aviation plan to modernize urban transportation?

Joby Aviation aims to modernize urban transportation by developing all-electric vertical take-off and landing aircraft for an aerial transportation service.