2024-02-18 15:20:03 ET
Summary
- Joby Aviation is a pre-revenue company in the aerial rideshare market, with significant operations and no debt but generating net losses.
- The company has received major strategic partnerships and grants, and plans to expand its manufacturing facility and build a scaled aircraft production facility.
- Joby Aviation is making progress in the FAA certification process and has achieved important milestones, but investors should still approach with caution due to uncertainty in revenue and profit potential.
One of the riskiest things that investors can do is buy into a company that currently produces no significant amount of revenue. If you don't have revenue coming in, it's very difficult to stay afloat. Now if it seems odd that there would be a publicly traded company that has no revenue, keep in mind that there are some out there. Examples would be firms that are making big investments in potentially massive markets that need the capital that only public markets can offer. A good example of this can be seen by looking at Joby Aviation ( JOBY ), a $4.13 billion startup of sorts in the aerial rideshare market....
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Joby Aviation: Still Not Ready To Take Flight