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Financials

EHang

EHang posts 239% jump in revenues on higher EH216 sales

Yves Le Marquand

22 Nov 23

0

EHang Holdings reported financial results for the third quarter of 2023, with revenues soaring 239% year-on-year to $3.9m. The increase was attributed to higher sales…

Vertical reports £22m loss for third quarter, files to raise $180m

Yves Le Marquand

10 Nov 23

0

Vertical Aerospace announced third quarter results reporting a loss of £22m compared to £19m in the same quarter previous year as it continues to make…

Blade ‘turning corner on profit’ with stellar Q3 performance

Yves Le Marquand

9 Nov 23

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As Blade Air Mobility turns “the corner to profitability” it is “doing so without sacrificing revenue growth’, according to CEO Rob Wiesenthal. The operator announced…

Joby posts $1.5m profit in third quarter

Fayaz Hussain

3 Nov 23

0

Joby posted net profit of $1.5m in the third quarter (Q3) this was on the back of higher other income including $116m gain from revaluation…

EHang suspends trading ahead of ‘significant’ announcement

Yves Le Marquand

9 Oct 23

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Chinese eVTOL maker, EHang has suspended trading on Nasdaq ahead of a “significant” announcement. In a press release the company stated: “In anticipation of an…

Horizon Aircraft to list publicly via SPAC Pono Capital Three

Yves Le Marquand

16 Aug 23

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Canadian VTOL manufacturer, Horizon Aircraft is to list publicly on Nasdaq via Hawaiian special purpose acquisition company, Pono Capital Three. Pono announced a definitive business…

Blade’s record revenues ‘show the plan is working’

Yves Le Marquand

9 Aug 23

0

Blade’s record second quarter revenues of $61m, up over 70% on the same period last year, “illustrates the value proposition” of its business model, said…

Surf Air

Surf Air Mobility’s share price continues to drop

Yves Le Marquand

31 Jul 23

0

Since listing last Thursday on the NYSE, Surf Air Mobility’s (SAM) share price has fallen from a high of $4.60 down to $2.07 today. …

ASL Group pays Lilium pre-delivery deposits as OEM reports Q1 results

Yves Le Marquand

26 May 23

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ASL Group has made pre-delivery payments to Lilium as part of an order for six aircraft, as the German OEM reports first-quarter (Q1) results. The…

Archer rolls out first Midnight aircraft

Yves Le Marquand

12 May 23

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Archer has completed final assembly of its first production aircraft Midnight ahead of its first test flight this summer. On the same day Archer posted…

Eve stock remains buy as company on track after Q1

Yves Le Marquand

11 May 23

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Eve Air Mobility’s stock remains positive and the OEM remains on track to meet certification plans after the first quarter. The Florida-based AAM subsidiary of…

Joby ‘not looking to raise’ on back of $180m investment

Yves Le Marquand

4 May 23

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Although Joby Aviation was not looking to raise funds, however an offer of $180m increased investment from long-term partner Baillie Gifford has been accepted. Matt…

Eve ‘comfortable’ that liquidity will see them through to certification

Yves Le Marquand

17 Mar 23

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Eve’s chief financial officer, Eduardo Couto told investors the OEM “feels comfortable” it’s $400m liquidity will see the firm through to certification. Yesterday, the Brazilian…

Blade reports record revenues and narrowing losses

Yves Le Marquand

17 Mar 23

0

Blade posted record revenues, up 118%, to $146.1m and narrowing losses of $27.26m down from $32m for the full-year 2022. “Our financial performance in the…

Archer: ‘Aggressive roadmap’ led to ‘significant milestones’ in 2022

Yves Le Marquand

10 Mar 23

0

Archer’s roadmap for 2022 has led to the achievement of number of “significant milestones” over the past year, according to Adam Goldstein. GAAP total operating…

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