Cash BurnEVTL reported a 9 months-ended FCF use of (£25.9M), and management anticipates a NTM cash burn of (~£70M) to further development and flight testing of the VX4 eVTOL prototype.
Financial PerformanceVertical Aerospace released its Q3/24 earnings results today, with a quarterly operating loss of (~£30M) and a net loss per share of (£1.48).
Loan RepaymentThe extension of the loan repayment date to December 2028 reduces financial pressure as Vertical Aerospace works through its certification program.