Eve Holding Inc. ( (EVEX) ) has released its Q4 earnings. Here is a breakdown of the information Eve Holding Inc. presented to its investors.
Eve Holding, Inc., a company focused on the Urban Air Mobility (UAM) sector, is developing an electric Vertical Takeoff and Landing (eVTOL) aircraft and related ecosystem solutions, leveraging Embraer’s aerospace expertise.
Eve Holding, Inc. reported its financial results for the fourth quarter and full year 2024, highlighting significant progress in its eVTOL development, including the assembly of a full-scale prototype and advancements in certification processes. The company also secured substantial funding to support its ongoing research and development efforts.
Key financial metrics revealed a net loss of $40.7 million in the fourth quarter of 2024, primarily driven by research and development expenses. For the full year, the net loss was $138.2 million, with R&D expenses reaching $129.8 million. Despite these losses, Eve maintained a strong liquidity position with $428.6 million available, thanks to new loans and equity placements.
Eve’s strategic achievements include securing non-binding letters of intent for approximately 2,800 aircraft from 28 customers across nine countries. The company also advanced its Urban Air Traffic Management software, Vector, securing 21 customers and conducting successful simulations.
Looking ahead, Eve Holding remains optimistic about its financial position and development trajectory, with plans to continue leveraging its partnerships and expertise to advance the eVTOL program and the UAM market in the coming years.