On November 6, 2024, Joby Aviation, Inc. reported its financial results for the third quarter ending September 30, 2024. The announcement was made through a Form 8-K filing with the United States Securities and Exchange Commission. The company, based in Santa Cruz, California, highlighted several key achievements in the quarter, including the completion of its first international demonstration in Japan, significant progress in test and certification efforts with the completion of an FAA-conforming major sub-assembly, and regulatory advancements in targeted launch markets. Additionally, Joby Aviation announced a substantial investment from Toyota, amounting to $500 million, to further cement their nearly seven-year collaboration and establish a manufacturing alliance. Financially, Joby Aviation ended the quarter with a strong balance sheet, boasting $710 million in cash...Show More

On November 6, 2024, Joby Aviation, Inc. reported its financial results for the third quarter ending September 30, 2024. The announcement was made through a Form 8-K filing with the United States Securities and Exchange Commission. The company, based in Santa Cruz, California, highlighted several key achievements in the quarter, including the completion of its first international demonstration in Japan, significant progress in test and certification efforts with the completion of an FAA-conforming major sub-assembly, and regulatory advancements in targeted launch markets. Additionally, Joby Aviation announced a substantial investment from Toyota, amounting to $500 million, to further cement their nearly seven-year collaboration and establish a manufacturing alliance. Financially, Joby Aviation ended the quarter with a strong balance sheet, boasting $710 million in cash and short-term investments, not including the approximately $222 million raised from a follow-on equity offering in October 2024 or the anticipated Toyota investment. The company also hosted a live audio webcast to discuss these results and issued a shareholder letter detailing operational and financial outcomes. Joby Aviation is developing an all-electric, vertical take-off and landing air taxi, aiming to offer a fast, quiet, and convenient urban air mobility service globally.