Joby Aviation, Inc. (NYSE:JOBY) released its second-quarter results after Wednesday's closing bell. Here's a look at the key figures from the quarter.
The Details: Joby Aviation reported quarterly losses of 41 cents per share, which missed the analyst consensus estimate of a loss of 19 cents. Quarterly revenue came in at $15,000, which missed the Street estimate of $43,000.
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Joby ended the quarter with $991 million of cash and short-term investments.
“This is a pivotal moment. Regulatory progress around the world is unlocking market access, our commercialization strategy is taking hold, and we’re now focused on scaling production to meet real demand — a challenge we’re fully committed to and working hard to deliver on,” JoeBen Bevirt said.
JOBY Stock Price: According to data from Benzinga Pro, Joby Aviation stock was down 3.01% at $18.93 in Wednesday's extended trading.
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