Lilium, a next-generation aviation company, reported a net loss of €389.1 million for the year ended December 31, 2023, a 54% increase from the previous year's loss of €253.1 million. The company's financial performance reflects its status as a pre-revenue company focused on the development of its electric vertical take-off and landing (eVTOL) aircraft, the Lilium Jet. Research and development expenses rose slightly to €183.8 million, up 5% from €175.6 million in 2022, driven by increased professional services and depreciation related to the Lilium Jet's development. General and administrative expenses decreased by 13% to €81.3 million, primarily due to reduced professional services costs. The financial result showed a significant shift, with a loss of €115.7 million compared to a gain of €28.3 million in 2022, largely due to...Show More

Lilium, a next-generation aviation company, reported a net loss of €389.1 million for the year ended December 31, 2023, a 54% increase from the previous year's loss of €253.1 million. The company's financial performance reflects its status as a pre-revenue company focused on the development of its electric vertical take-off and landing (eVTOL) aircraft, the Lilium Jet. Research and development expenses rose slightly to €183.8 million, up 5% from €175.6 million in 2022, driven by increased professional services and depreciation related to the Lilium Jet's development. General and administrative expenses decreased by 13% to €81.3 million, primarily due to reduced professional services costs. The financial result showed a significant shift, with a loss of €115.7 million compared to a gain of €28.3 million in 2022, largely due to changes in the fair value of financial instruments. The company's cash position at year-end was €203.1 million, down slightly from €205.6 million in 2022. Lilium's future plans include continuing the development and certification of the Lilium Jet, expanding its manufacturing capacity, and preparing for commercial operations. The company anticipates raising additional capital through various means, including equity offerings, debt financings, partnerships, and grant funding, to support its ongoing activities and future growth.