Eve Holding reports Q1 EPS (16c) vs. (9c) last year

The company said, “The increase in net loss in 1Q25 was primarily driven by higher Research & Development expenses, which are costs and activities necessary to advance the development of our suite of products and solutions for UAM, including the Master Service Agreement with Embraer. R&D expenses were $44.7 million in 1Q25 vs. $27.5 million in 1Q24, when R&D efforts began to intensify with advancements in the development of our eVTOL – which included purchasing parts and components and the assembling of our first full-scale prototype. Moreover, R&D demanded increased engineering engagement with Embraer, additional program development activities, and testing infrastructure. The MSA primarily drives our R&D costs with Embraer, which performs several critical developmental activities for Eve…Eve’s Cash, Cash Equivalents, and Financial Investments totaled $287.6 million at the end of 1Q25, and total liquidity – including undrawn credit lines with the BNDE), reached $410.3M. We believe the funding is sufficient to support our operations and program investments through 2026.”