Joby Aviation and ANA Holdings have announced plans to launch an electric air taxi service in Japan by 2025. The companies will form a joint venture to deploy over 100 Joby aircraft, with public demonstration flights scheduled at EXPO 2025 Osaka starting October 1. Joby Aviation has reached a key milestone with the final assembly of its first conforming aircraft, which meets FAA standards and is progressing through certification stages, currently 70% complete on stage 4. The company expects to begin flight tests in 2025 and FAA pilot operations shortly thereafter. In its Q2 2025 earnings report, Joby Aviation reported revenue of $15,000, below the estimated $59,600, and an EPS loss of $0.41, missing the estimated loss of $0.19. The company holds a cash balance of $991 million, supplemented by a $500 million investment from Toyota.
Joby Aviation - FY2025 Q2 Earnings $JOBY 17.18 [-9.4% AH] ❌ Revenue: $15K (Est. $59.6K) [-46% YoY] ❌ EPS: $(0.41) (Est. $(0.19)) https://t.co/tav2YzUAMA
$JOBY Q2 Earnings highlights - Cash balance: $991M + $500M Toyota investment. - Commencing final assembly of the first TIA aircraft: expects flights to start 2025, with FAA pilots shortly after. - Certification progress: Now 70% on stage 4 of FAA certification. - Dubai
$JOBY | Joby Aviation Inc. Earning Report https://t.co/4ERwMRzoUO
