Latest news with #EVEX
Business Insider
2 days ago
- Business
- Business Insider
Eve Holding files to sell 9M shares of common stock for holders
17:23 EDT Eve Holding (EVEX) files to sell 9M shares of common stock for holders Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Business Insider
2 days ago
- Business
- Business Insider
Eve Holding files $300M mixed securities shelf
17:23 EDT Eve Holding (EVEX) files $300M mixed securities shelf Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Yahoo
13-05-2025
- Business
- Yahoo
Eve Holding Inc (EVEX) Q1 2025 Earnings Call Highlights: Strong Preorder Backlog Amidst ...
R&D Expenses: $45 million invested in program development during Q1 2025. SG&A Expenses: $8 million deployed in the first quarter. Net Loss: $49 million reported for Q1 2025. Cash Flow from Operations: $25 million consumed in the quarter. Cash Position: $288 million in cash at the end of Q1 2025. Total Liquidity: $411 million, including cash and undrawn standby facilities. Preorder Backlog: Approximately 2,800 aircraft valued at close to $14 billion. Aftermarket Revenue Potential: $1.6 billion from Eve TechCare suite contracts. Warning! GuruFocus has detected 3 Warning Signs with EVEX. Release Date: May 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Eve Holding Inc (NYSE:EVEX) has reached important milestones in the development of their eVTOL, including successful ground tests and preparations for its debut flight. The company has a strong preorder backlog of approximately 2,800 aircraft valued at close to $14 billion, indicating significant market interest. Eve Holding Inc (NYSE:EVEX) has secured contracts with 14 different customers for their Eve TechCare suite of aftermarket products, potentially bringing in $1.6 billion in revenue. The company is well-funded with a total liquidity of $411 million, sufficient to sustain operations through 2026. Eve Holding Inc (NYSE:EVEX) is making advancements in their digital and computer systems to reduce development time and cost, enhancing operational efficiency. Eve Holding Inc (NYSE:EVEX) reported a net loss of $49 million in the first quarter of 2025, reflecting high R&D and SG&A expenses. The company is still in the preoperational phase, with financials primarily reflecting program development costs. There is a risk of delays in the certification process, as the company is still in talks with ANAC to detail the means of compliance. The cash consumption guidance for the year is between $200 million to $250 million, indicating a significant cash burn rate. Some customers in the order book have changed strategies or gone bankrupt, which could impact future sales and operations. Q: The R&D spend was higher than expected. Do you anticipate this level of spending to continue for the rest of the year? A: Eduardo Siffert Couto, CFO: We expect R&D spending to remain around this level. The engagement with Embraer, Eve, and suppliers has been significant, and we don't foresee further acceleration. Q: Can you provide an update on the certification aircraft build and any potential delays? A: Johann Christian Bordais, CEO: We have two prototypes. The engineering prototype is progressing well, and the conforming prototype is on schedule. The facility is ready to receive tooling, and we expect to start assembly later this year. Q: Does the $1.6 billion in services contract backlog include future battery upgrades? A: Johann Christian Bordais, CEO: The backlog includes replacement and repair of existing batteries but does not account for future upgrades. Q: What is the status of the order book and customer engagement? A: Johann Christian Bordais, CEO: Our order book remains strong with 2,800 vehicles under LOI. We are focusing on strategic global footprints and engaging with customers on ecosystem development, moving towards firm orders. Q: How is the cash consumption expected to progress throughout the year? A: Eduardo Siffert Couto, CFO: We consumed $25 million in Q1, with an adjusted figure of $40 million. We anticipate slightly higher cash burn in upcoming quarters, likely closer to the low end of our $200 million to $250 million guidance. Q: Can you provide details on the timing and cash consumption for the five prototypes for certification? A: Johann Christian Bordais, CEO: We plan to start assembling parts for the prototypes towards the end of this year. The majority of cash consumption is still focused on R&D and development efforts. Q: What is the progress on the software side for the services business? A: Luiz Valentini, CTO: We are actively engaging with potential operators to ensure the software is user-friendly and meets operational needs. This effort is ongoing to align with vehicle progress. Q: Are there any future financing options beyond 2026, possibly involving strategic investors? A: Eduardo Siffert Couto, CFO: We have several funding options, including grants and long-term facilities. We are well-funded through 2026 and exploring additional sources for future needs. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-04-2025
- Automotive
- Yahoo
Why Eve Holding Inc (EVEX) is Plunging in 2025?
We recently published a list of . In this article, we are going to take a look at where Eve Holding Inc (NYSE:EVEX) stands against other electric vehicle stocks that are plunging in 2025. The electric vehicle sector surged in popularity during the immediate post-COVID era as investors poured money into what seemed like the future of transportation. Back then, the promise of a green revolution fueled sky-high valuations and bold predictions. But that enthusiasm has since fizzled. Most electric vehicle stocks have plunged significantly and delivered consistent losses to shareholders. Tesla seems to be the only company capable of selling electric vehicles in the West profitably, but even that company has been under tremendous pressure due to the politicization of its brand. After Trump's election, things look even bleaker for these companies and many of them are plunging. That said, many analysts now think that there are buying opportunities here, especially as a large portion of Tesla customers who previously would've bought Teslas are now likely to buy alternative EVs. Trump may also be softer than previously thought on EVs, as EV subsidies are still in place. It's a good idea to take a look at the EV stocks that have been sold off the most so far this year. For this article, I screened the worst-performing electric vehicle stocks year-to-date. I will also mention the number of hedge fund investors in these stocks. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). An aerial view of an urban skyline with a fleet of eVTOLs flying in formation. Number of Hedge Fund Holders In Q4 2024: 13 Eve Holding Inc (NYSE:EVEX) is an aerospace company specializing in Urban Air Mobility solutions. The stock is down significantly so far in 2025 as Eve Holding announced delays in its eVTOL test flight program and Type Certification process. The company now expects to initiate flight tests by mid-2025. In turn, it pushed back timelines for revenue generation. The company also projected a cash burn of $200 million to $250 million for 2025, significantly higher than the $141 million burned in 2024. Plus, Eve reported a drop in its order book from approximately 2,900 units to 2,800 units by the end of Q4 2024. The company reported a net loss of $40.7 million for Q4 2024 and $138.2 million for the full year. The consensus price target of $6 implies 79.1% upside. EVEX stock is down 38.97% year-to-date. Overall, EVEX ranks 7th on our list of electric vehicle stocks that are plunging in 2025. While we acknowledge the potential of EVEX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than EVEX but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
