Eve Holding Q3 net loss widens to $46.9 mln

Eve Holding

04/11/2025 11:12

Overview

Eve Holding reports Q3 net loss of $46.9 mln, driven by higher R&D expenses

Company's cash position improves to $411.7 mln, highest since IPO

Eve raised $230 mln in equity placement, boosting liquidity to $534.3 mln

Outlook

Eve Holding expects cash consumption of $200 mln to $250 mln for 2025

Company has secured funding to support development through 2027

Eve Holding's liquidity position suggests over two years of cash runway

Result Drivers

HIGHER R&D EXPENSES - Increased R&D costs driven by Master Service Agreement with Embraer for UAM development

SG&A DECREASE - SG&A expenses fell due to ERP system capitalization and lower Restricted Stock Unit costs

NON-CASH GAIN - Recognized $6.4 mln non-cash gain from fair value of derivatives

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
-$46.90 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the aerospace & defense peer group is "buy"

Wall Street's median 12-month price target for Eve Holding Inc is $7.50, about 44.9% above its November 3 closing price of $4.13

Press Release: ID:nPnbt0nM9a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)