Electric vertical takeoff and landing developer Joby Aviation announced a “strong financial foundation” as the California-based company reported a year-end balance sheet of 1.1 billion in cash and short-term investments, with a fourth quarter net loss of roughly $67 million.
Joby Aviation leaders, including founder and CEO JoeBen Bevirt and CFO Matt Field, spoke about the financial results and touted the progress Joby has made in preparing for commercial operations during a February 22 conference call.
