Operating LossJoby generated an operating loss of approximately $182M, which widened by 16% year-over-year due to 47.3% higher SG&A expense and an 18% year-over-year increase in R&D costs.
Production And Revenue UncertaintyScaled aircraft production remains an unknown, with the breakdown of UAM vs OEM use cases and revenue generation and gross margin profiles a further unknown driving a high degree of modeling imprecision.
Risks And UncertaintiesRisks include dilution risk, market adoption risk, supply chain risk, technological risk, execution risk, regulatory risk, competition risk, reputation risk, partnership risks, and uncertainty related to macroeconomic factors.