Cash BurnCash burn for the quarter was $114mn, slightly improved from $122mn in Q1, but still remains significantly above the target of below $100 million.
Market ViabilityThe market continues to question the viability of the company’s business model and path to profitability, with a limited catalyst path until the resumption of revenue-generating flights.
Production DelaysThe company's first commercial research flight is now anticipated in the fall of 2026 vs. prior expectations of summer of 2026, suggesting tighter execution risk across the remaining production milestones and raises the possibility of further delays.