Joby Aviation reports Q1 EPS (11c), two estimates (19c)

The company states: “WE REACHED A LANDMARK moment in our aircraft test program, successfully completing flights with a full transition from vertical to cruise flight, and back again, with a pilot onboard. Since completing our first full pilot-on-board transition on April 22, 2025, we have flown multiple transition flights with three different pilots at the controls, as we became the first company to routinely perform inhabited testing of an electric air taxi from hover to wingborne flight. Transitioning from vertical to horizontal flight is a key design attribute of our aircraft, allowing it to take-off and land vertically like a helicopter, while maintaining the efficiency and speed of a conventional, fixed- wing aircraft in forward flight. This enables us to deliver rapid and seamless passenger service directly to popular destinations.”