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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.
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
