Eve Mobility has posted its third quarter results for 2022, which reveal a loss of US$36m. This compares with US$3.8m for the same period last year. The company points to the ramp-up of both staffing and research and development activities for the tenfold year-on-year increase, noting that it now employs 450 people compared with 120 at the same time last year.
Interestingly, the overall company liquidity year on year has only declined by around US$900,ooo year on year, which the company says is thanks to capital raised as a result of its NYSE listing as well as the investment made by United Airlines. Eve also points out that its present liquidity, valued at US$329.8m, does not include the two lines of credit it has with Brazil’s National Development Bank (BNDES) announced earlier today, which total a further US$92.5m.
Looking ahead to the final quarter and the next financial year, Eve says that it expects increased revenue growth as portions of its non-binding order backlog are converted into firm orders with the receipt of commensurate deposits and stage payments prior to the commencement of aircraft deliveries. Presumably, Eve is expecting these earnings to offset further losses and maintain its present liquidity.
