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JOBY does not currently pay a dividend.
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Joby Aviation, Inc. is a vertically integrated air mobility firm specializing in the development of electric vertical takeoff and landing (eVTOL) aircraft. These innovative vehicles are designed to provide on-demand air transportation, with the ultimate aim of launching an aerial ridesharing service. The company was founded in 2009 and operates from its headquarters in Santa Cruz, California.
Joby Aviation, Inc. (JOBY) reported earnings 30 days ago. What's next for the stock?
Joby agreed last month to buy defense technology company Resonant Sciences for about $500 million, mostly in cash. On matched twelve-month bases, the deal would roughly double Joby's revenue.
Investors should pay a premium for Joby but avoid Archer.
Joby is burning over $200 million in cash per quarter. It's raising more cash with stock and debt offerings.
Joby's stock has gone nowhere since its public debut. But it could soar after the FAA certifies its first commercial flights.