Eve Holding, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 11:03 am
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Eve Holding, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net loss was USD 31.21 million compared to USD 36.74 million a year ago. Basic loss per share from continuing operations was USD 0.11 compared to USD 0.14 a year ago.
For the nine months, net loss was USD 88.39 million compared to USD 153.98 million a year ago. Basic loss per share from continuing operations was USD 0.32 compared to USD 0.62 a year ago.
Eve Holding, Inc. is an aerospace company with operations in Melbourne, Florida and Brazil. It is a developer of Urban Air Mobility (UAM) solutions. It is engaged in developing UAM solutions that includes the design and production of electric vertical takeoff and landing vehicles (eVTOLs); a portfolio of maintenance and support services focused on the Company's and third-party eVTOLs, and a new Urban Air Traffic Management system designed to allow eVTOLs to operate in dense urban airspace alongside conventional aircraft and drones. It offers a full suite of eVTOL services and support capabilities, including material services, maintenance, technical support, training, ground handling and data services. It markets its eVTOLs to operators of UAM services, including fixed wing and helicopter operators, as well as lessors that purchase and manage aircraft on behalf of operators. It is also engaged with operators of ridesharing platforms to secure committed hours of operation for its eVTOLs.