Americas

Joby Aviation posts $286 million loss and $1.2bn in cash and short-term investment in Q2, 2023

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Joby Aviation posts $286 million loss and $1.2bn in cash and short-term investment in Q2, 2023

Joby Aviation has posted a $286 million loss for Q2 2023. “This net loss reflected the unfavorable revaluation of derivative liabilities of $181 million and operating expenses of $116 million, partly offset by interest income of $11 million,” Joby said in a statement. Net cash used in operating...

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