Joby Aviation Q3 Earnings Analysis and Company Analysis

Its the Earning Season for the 3rd Quarter, and $Joby Aviation, Inc.(JOBY)$ long awaited earnings are out.

This company is speculated to be the next "Tesla of the Sky".

For those who dont know, Joby has a cutting edge tech in producing EVTOL, which will be used as commercial Air Taxi. You can now avoid traffic jams and the hassle to drive, but just ordering an air taxi to bring you to ur destination by ordering in through an app like uber. 

Key Takeaways from Earnings:

●Q3 GAAP EPS of -$0.20.

●Adjusted EBITDA was -$55.9M.

●At the end of the third quarter, the company had $1.4B in cash and short-term investments. The company informed that the $1.4 Billion is more than enough to take them through the certification phase all the way to operations. 

●Joby has also issued a convertible note to raise funds. This will dilute shareholders in future. 

●As an additional revenue source, Joby has announce that it will be selling green credits to other aeroplane companies. 

My opinion on whether this company will succeed:

1. In comparison to other EVTOL companies like Lilium and Archer, Joby is the most advance company. They have gotten alot of certification from FAA and NASA and is about to began production of their aircraft soon. Whereas the other companies are just building their prototype. Joby has had a 10 year head-start in this game.

2. Joby is the least noisiest EVTOL. It is extremely quiet due to their technology, which makes it a suitable air-taxi to fly in and out of cities. Other EVTOL companies are unfortunedly not as quiet as JOBY.

3. Joby has many big investors such as Toyota and $Uber(UBER)$, who are holding high stakes in this company. This shows that even big companies are betting on JOBY to take off, no pun intended.

4. Joby is very very safe. It has so much of advance safety gear to prevent any mishaps from happening.

5. Forward looking plans by Joby: By 2022, Joby will be fully certified. By 2023, Joby will began production of their aricrats. By 2024, full operations of air-taxi service will began.

6. With the current Share Price of USD 9 and market cap of 5 Billion, in has the chance to do a 20x in future. Keep in mind $Tesla Motors(TSLA)$ share was only 4 USD when it first began, and right now its 1000 USD.

What do you think of the company, let me know in the comments!