Latest news with #EveHolding
Business Insider
a day ago
- Business
- Business Insider
Canaccord Genuity Sticks to Its Buy Rating for Eve Holding (EVEX)
Canaccord Genuity analyst Austin Moeller maintained a Buy rating on Eve Holding today and set a price target of $6.75. The company's shares closed today at $4.26. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Moeller covers the Industrials sector, focusing on stocks such as BlackSky Technology, Joby Aviation, and Archer Aviation. According to TipRanks, Moeller has an average return of 7.8% and a 42.36% success rate on recommended stocks. In addition to Canaccord Genuity, Eve Holding also received a Buy from Cantor Fitzgerald's Andres Sheppard in a report issued on August 7. However, on August 12, BTIG initiated coverage with a Hold rating on Eve Holding (NYSE: EVEX). The company has a one-year high of $7.70 and a one-year low of $2.37. Currently, Eve Holding has an average volume of 556.2K.
Yahoo
06-08-2025
- Business
- Yahoo
Eve Holding, Inc. Reports Second Quarter 2025 Results
MELBOURNE, Fla., Aug. 6, 2025 /PRNewswire/ -- Eve Holding, Inc. ("Eve") (NYSE: EVEX and EVEXW) reports its Second Quarter 2025 Earnings Results. Financial highlights Eve Air Mobility is an aerospace company dedicated to the development of an eVTOL (electric Vertical Takeoff and Landing aircraft) and the Urban Air Mobility (UAM) ecosystem, which includes eVTOL development, services & support solutions – TechCare and Vector, as well as an Urban Air Traffic Management (Urban ATM) system. Eve is pre-revenue, so it is not expected to produce meaningful revenues, if any, during the aircraft development phase. Financial results should primarily be related to the costs associated with the program's development cycle. Eve reported a net loss of $64.7 million in 2Q25, compared to $36.4 million in 2Q24. The increase in net loss in 2Q25 was primarily driven by higher Research & Development (R&D) expenses, which are costs and activities necessary to advance the development of our suite of products and solutions for UAM, including the Master Service Agreement (MSA) with Embraer. R&D expenses were $45.7 million in 2Q25 vs. $36.3 million in 2Q24, when R&D efforts intensified with advancements in the development of our eVTOL, including the purchase of parts and components and the assembly of our first full-scale prototype. Moreover, R&D demanded increased engineering engagement with Embraer, additional program development activities, and testing infrastructure. The MSA primarily drives our R&D costs with Embraer, which performs several critical developmental activities for Eve. SG&A increased to $8.2 million in 2Q25 vs. $5.4 million in 2Q24. The number of direct employees at Eve increased to approximately 180, up from 170 in 2Q24. Additionally, higher payroll-related costs reflect the recognition of Restricted Stock Units to employees, and SG&A also reflects higher outsourced services in the quarter. Lastly, Eve continues to incur pre-operating expenses for our first production site in Taubaté, Brazil. The increase in SG&A was despite the c.6% YoY average depreciation of the Real vs. the USD. Lastly, Eve recognized a $9.5 million non-cash charge related to the fair value of derivatives – due to marking to market of Eve's private warrants, vs. a $2.1 million gain in 2Q24. Eve's total cash consumption in 2Q25 was just $56.9 million, versus $31.4 million in 2Q24. Eve's Cash, Cash Equivalents, and Financial Investments totaled $242.7 million at the end of 2Q25, and total liquidity – including undrawn credit lines with the BNDES (Brazil's National Development Bank), and a recently-awarded $16.5 million grant, reached $375.5 million. We believe the funding is sufficient to support our operations and program investments through 2026. For additional information, please access the full 2Q25 Earnings Results release, available at the Investor Relations website Webcast details Management will discuss the results on a conference call on Wednesday, August 06, 2025, at 8:00 AM ET The webcast will be publicly available on the company website at To listen by phone, please dial 1-800-245-3047 or 1-203-518-9765 - Conference ID: EVEQ2. A replay of the call will be available until August 20, 2025, by dialing 1-844-512-2921 or 1-412-317-6671 and entering passcode 11159692. Webcast access here About Eve Holding, Inc. Eve is dedicated to accelerating the Urban Air Mobility ecosystem. Benefitting from a start-up mindset, backed by Embraer S.A.'s more than 50-year history of aerospace expertise, and with a singular focus, Eve is taking a holistic approach to progressing the UAM ecosystem, with an advanced eVTOL project, comprehensive global services and support network and a unique air traffic management solution. Since May 10, 2022, Eve is listed on the New York Stock Exchange, where its shares of common stock and public warrants trade under the tickers "EVEX" and "EVEXW". For more information, please visit Forward Looking Statements Certain statements contained in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate," "plan," "project," "could," "should," "would," "continue," "seek," "target," "guidance," "outlook," "if current trends continue," "optimistic," "forecast" and other similar words or expressions. All statements, other than statements of historical facts, are forward-looking statements, including, but not limited to, statements about the company's plans, objectives, expectations, outlooks, projections, intentions, estimates, and other statements of future events or conditions, including with respect to all companies or entities named within. These forward-looking statements are based on the company's current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to, those set forth herein as well as in Part I, Item 1A. Risk Factors and Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations of the company's most recent Annual Report on Form 10-K, Part I, Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations and Part II, Item 1A. Risk Factors of the company's most recent Quarterly Report on Form 10-Q, and other risks and uncertainties listed from time to time in the company's other filings with the Securities and Exchange Commission. Additionally, there may be other factors which the company is not currently aware of that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. The company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements, other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statement. Investor Relations Lucio Aldworth Caio Pinez investors@ Media media@ View original content: SOURCE Eve Holding, Inc.
Globe and Mail
25-06-2025
- Business
- Globe and Mail
Archer vs. Eve: Which eVTOL Stock Has the Edge in Next-Gen Transport?
As cities around the globe grapple with growing congestion and the urgent need for sustainable mobility, the electric vertical takeoff and landing (eVTOL) industry is gaining altitude — both technologically and financially. Among the frontrunners in this transformative industry are Archer Aviation Inc. ACHR and Eve Holding Inc. EVEX, two ambitious startups racing to redefine short-distance urban transport with zero-emission aircraft. U.S.-based Archer Aviation is currently in the final stages of the commercial rollout of its flagship Midnight aircraft to offer short-haul air taxi services. Its focus on rapid FAA certification and infrastructure development underscores its progress toward successfully launching commercial services of the Midnight aircraft in major cities by 2025-end. In contrast, Brazil-based Eve, a spin-off from aerospace giant Embraer, is leveraging its parent company's manufacturing pedigree and global reach. The company has already completed numerous component and systems tests for its eVTOL aircraft, with flight tests on track to begin this summer and ultimate entrance into service expected next year. With the massive growth projection offered by the global eVTOL market in the coming years, investors are exhibiting heightened interest in next-generation transportation. Given ACHR and EVEX's differing strategies, geographic footprints, and progress toward regulatory milestones, investors might be left with the question: Which eVTOL stock is better positioned to take off ahead? Let's delve deeper to get that answer. Financials and Growth Catalysts: How Do Archer and Eve Stack Up? ACHR ended first-quarter 2025 with cash and cash equivalents of $1.04 billion. Its long-term debt totaled $0.74 billion while its current debt was nil. This reflects a solid solvency position for the company and should provide it with the necessary resources to execute its civil and defense business strategies and invest in innovative technologies. EVEX also maintains a strong cash position, with $0.06 billion on hand as of March 31, 2025. As of the same date, its short-term debt was nil, while its long-term debt was $0.14 billion. This implies that while the stock is financially viable for the near term, its long-term solvency hinges on its ability to successfully generate considerable revenues before its cash reserves diminish. With respect to growth catalysts, strong government and commercial collaborations strengthen Archer Aviation's position in the expanding eVTOL market. In June 2025, Archer Aviation signed an agreement with Indonesia's PT. IKN to deploy its Midnight eVTOL aircraft, making Indonesia the third country in its Launch Edition program. The goal is to build a clear path to commercial use of its Midnight aircraft before receiving full certification in the United States, following similar plans in the UAE and Ethiopia. The company recently signed a strategic partnership with Jetex to develop infrastructure at the latter's network of private terminals for facilitating Midnight aircraft's upcoming commercial air taxi operations. Regarding ACHR's progress in its Midnight eVTOL product line, it is imperative to mention that earlier this month, the company joined U.S. and international regulators to launch a five-nation alliance (U.S., U.K., Australia, Canada, New Zealand) aimed at streamlining global eVTOL certification. This would facilitate Archer's Midnight aircraft's smooth entry into international markets after U.S. FAA approval. As far as Eve Holdings' growth drivers are concerned, the company's growing backlog of Letters of Intent (LOIs), such as the recent agreement with Future Flight Global for up to 54 eVTOLs, reflects rising global interest in its aircraft and technology. These LOIs serve as early indicators of strong commercial demand across strategic markets like Brazil and the United States. As Eve progresses toward certification, this robust pipeline strengthens its growth outlook and supports future revenue generation. Notably, the company currently expects commercialization of its eVTOL services-and-support business beginning in 2026, followed by the commercialization and initial revenue generation from the sale of its eVTOLs beginning in 2027. Challenges for ACHR & EVEX Both Archer Aviation and Eve Air Mobility are navigating a capital-intensive path, and the long-term sustainability of their business models remains uncertain due to the early-stage nature of the eVTOL industry. Their success hinges not only on their ability to design, certify, and deploy safe and efficient aircraft but also on how market demand for urban air mobility (UAM) services evolves over time. Public adoption of eVTOLs as a viable alternative to traditional ground transportation may face challenges related to safety perceptions, noise concerns and affordability. Additionally, macroeconomic headwinds could dampen demand, particularly if end-user pricing for air taxi services significantly exceeds that of ground-based options. As both ACHR and EVEX are still in their pre-revenue phases, investors may remain cautious about their long-term growth prospects. How Does Zacks Consensus Estimate Compare for ACHR & EVEX? The Zacks Consensus Estimate for Archer Aviation's 2025 loss per share implies a year-over-year improvement, while the same for 2026 suggests a deterioration. The stock's near-term bottom-line estimates have been trending upward over the past 60 days. The Zacks Consensus Estimate for Eve Holding's 2025 loss per share suggests a year-over-year deterioration, while the same for 2026 implies no change. The stock's near-term bottom-line estimates have been trending southward over the past 60 days. Image Source: Zacks Investment Research Stock Price Performance: ACHR vs EVEX ACHR (up 32%) has underperformed EVEX (up 47.3%) over the past three months. But, an opposite trend can be witnessed in the prior-year performance of these stocks. Shares of ACHR and JOBY have surged 194% and 40.8%, respectively, in the past year. Image Source: Zacks Investment Research ROE: ACHR vs EVEX The image below, reflecting a negative Return on Equity (ROE) for ACHR and EVEX, suggests that neither of these eVTOL stocks is efficiently generating profits from equity base. Final Task While both Archer Aviation and Eve Air Mobility are positioned as prominent forerunners in the emerging eVTOL space, challenges remain in terms of the industry's viability and public acceptance over the long run. With FAA certification for its Midnight aircraft targeted by end-2025 (as expected by ACHR) and infrastructure partnerships underway, Archer Aviation is closer to generating revenues and scaling operations. Eve, supported by Embraer and backed by numerous LOIs, shows long-term potential but lags ACHR in terms of commercialization for eVTOL aircraft, which is expected (for EVEX) during 2026-2027. Therefore, despite shared industry risks, like high costs and uncertain demand, for investors looking for a more immediate path to market entry, regulatory traction, and strategic global expansion, Archer Aviation currently holds the edge in the race for next-gen urban air mobility leadership. Both ACHR and EVEX carry a Zacks Rank #3 (Hold) at present. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here. Only $1 to See All Zacks' Buys and Sells We're not kidding. Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent. Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators, and more, that closed 256 positions with double- and triple-digit gains in 2024 alone. See Stocks Now >> Archer Aviation Inc. (ACHR): Free Stock Analysis Report Eve Holding, Inc. (EVEX): Free Stock Analysis Report
Yahoo
23-06-2025
- Business
- Yahoo
This Flying Car Stock Just Got a $250 Million Boost. Should You Buy Shares Now?
Once confined to science fiction, flying cars are steadily approaching commercial reality. Urban air mobility (UAM) is gaining serious altitude, with countries like the United States and Saudi Arabia actively building launchpads for electric vertical takeoff and landing (eVTOL) aircraft. Industry players like Archer Aviation (ACHR) are already capturing investor attention, and President Donald Trump just reignited momentum with executive orders aimed at unlocking America's airborne future. This signals that the next stage of flight may arrive sooner than expected. Meanwhile, Eve Holding (EVEX) — a spinoff from aerospace giant Embraer S.A. (ERJ) — just signed a $250 million deal with Brazil's Revo to sell 50 eVTOL vehicles. These air taxis are designed to shuttle passengers to and from airports, cutting traffic out of the equation, with first deliveries expected in the fourth quarter of 2027. Robotaxis, Powell and Other Key Things to Watch this Week Is Quantum Computing (QUBT) Stock a Buy on This Bold Technological Breakthrough? The 7 Signs Your Stock Is A Buyout Target Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Backed by Embraer, global deals, and millions in funding, Eve is soaring with 2,900 preorders and testing in progress. Trump's executive order also boosts its runway. Yet with no revenue and a high burn rate, turbulence remains. So, as the skies crowd with hype, should investors buy into Eve's flight plan or stay grounded? Eve Holding is an aerospace firm headquartered in Melbourne, Florida, with additional operations in Brazil. Specializing in the development of eVTOL aircraft, Eve also offers a suite of services, including maintenance, pilot training and an Urban Air Traffic Management system to integrate eVTOLs into urban airspace. Although still pre‑revenue and operating at a net loss, the company is well‑capitalized and strategically positioned to lead in the emerging UAM sector. With a market capitalization of $1.56 billion, investors are betting on Eve's potential to redefine transportation. EVEX stock has seen a significant run lately, evidenced by a 50% rise over the past three months, largely outperforming the broader S&P 500 Index's ($SPX) 5.4% gain over the same period. Eve's climb has been driven by a wave of positive milestones causing heightened investor interest. Reported on May 12, Eve's fiscal first-quarter earnings results tell a story of ambition flying ahead of revenue. Still pre-revenue but moving fast, the eVTOL maker posted a net loss of $48.8 million, nearly doubling from last year's losses. The culprit was a sharp ramp-up in research and development, as Eve poured $44.7 million into developing its first full-scale flying prototype. Selling, general, and administrative (SG&A) costs also rose to $7.9 million as Eve staffed up and prepped its production site in Taubaté, Brazil. Yet, the burn is getting smarter. Eve improved its cash efficiency, spending $25.3 million this quarter versus $35.9 million a year ago, thanks to friendly terms under its Master Service Agreement (MSA) with Embraer. It ended Q1 with $287.6 million in cash and equivalents and debt standing at $142.3 million. Operational momentum is strong as well. Ground testing is nearly complete, and with non-binding preorders worth roughly $14 billion, demand is already hovering. Letters of Intent (LOIs) span nine countries, with the Americas dominating Eve's radar. As the company guides toward $200 million in full-year cash burn, at the lower end of projections, liquidity management remains mission-critical. Analysts monitoring the company anticipate it to stay in the red, with a per-share loss estimated to be around $0.64 for fiscal 2025 and remaining unchanged in fiscal 2026. HC Wainwright & Co. analyst Amit Dayal recently reaffirmed a 'Buy' rating on EVEX stock, raising his price target from $6 to a Street-high $8. That represents a 52% increase from current levels, reflecting heightened confidence in the company's potential. Wall Street is majorly bullish on Eve. Overall, EVEX stock has a consensus 'Strong Buy' rating. Of the seven analysts covering shares, five advise a 'Strong Buy' rating while the remaining two analysts are on the sidelines with 'Hold' ratings. The average analyst price target for EVEX is $6.40, indicating potential upside of more than 21%. On the date of publication, Sristi Suman Jayaswal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
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
