What Happened
Electric Aircraft Developer Prepares For Key Earnings Update
Joby Aviation, a developer of electric vertical takeoff and landing aircraft, is set to release its Q3 financial results in early November. The report will provide updates on the company’s progress toward type certification, production, and commercial operations. Blade, the passenger network acquired by Joby Aviation, is expected to contribute significantly to revenue. The company’s cash position and spending pattern will also be closely watched. This article was first reported by Kalkine Media.