Joby Aviation (JOBY) 6 Nov 242024 Q3 Earnings call transcript

Greetings, and welcome to the Joby Aviation Third Quarter 2024 Financial Results. [Operator Instructions] A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Teresa Thuruthiyil, Joby Aviation's Head of Investor Relations. Thank you.

You may begin.

to third welcome results XXXX and call. conference everyone, Joby quarter Aviation's financial Hi, Joby's Investor Head Thuruthiyil, Teresa I'm of Relations.

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good and everybody, us thanks Eric, for joining today. Thanks, afternoon, and

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Thank you.

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know that we've government potential scope So, mentioned front. to have we But sort on calls, any with of not of changes that previous it's branches there's hard to be agencies. the as expanded even design steadily been and by working I on going or whether

continue work regardless administration. to to think I through potential rich that of of customers So, a gives us pretty set

with next Savi the James. question line of Syth from Raymond Our comes

with be about to to you that would current of preproduction that be flying prototype? of just the you've think conforming kind prototypes the kind UAE, the of completed? you're Can of currently you that maximum able that X,XXX would kind of in of just certification I as those you remotely? Or operations the same plan pound operations kind rate clarify preproduction you on gross takeoff kind launching kind been launch building need certifying? aircraft And Is this

Savi, this is question. Thanks the Didier. for

the So, weight are X those airplanes. of of flying we The airplanes now very preproduction this. representative to have takeoff right that intended parts

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In them Dubai, And airplanes take terms in carrying have passenger to be of operation in design, by we option not also these and but room of as to be Those of start operations, possibility operating we this intended for time. at you some where is that's able saw, inhabited. Dubai. decided airplanes there an are would some are a on

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Eric. Thanks, is This Savi.

toward pretty ahead that year. of laying we're going end quarters months and early all working we'll of qualification the one that next march accomplished the on as be the excited over as of that through that our think series as I of out things this the quarter next plans the Dubai. launch for that RTA with were is stages we've we to a that acceptance And operations milestones see is closely in one of the of we

gating major or kind be milestones Any of factors looking spend? should or that for we

Savi, it's Matt.

Just of to add more bit a little texture.

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Yes.

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David. In the not terms like for the the industry looking everything reserve from in This is broadly were of did FAA. SFAR, it the requirements seemed they get

operations? aircraft your operational printed you and speak Just on requirements as impacts to the could

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Yes.

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respect that And what build is coming to then Dubai, the color of need there? out? infrastructure on for Any to over in Understood. with helpful. be Who you up potential would operations building do out kind that responsible

Yes. Thanks for the question.

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bring and element and that they're the mentioned execute able and infrastructure that begin to operationalize validate to Eric at ability then features that to as Dubai which take we we've was so the of all is speed that really highlight on really fantastic. And infrastructure what and that been out to another And building the a build U.S. for on around the ElevateOS And doing for other muscle as and follow-on the as this both the us us important markets -- live. service the begin with we've and launches, DoD again, we start prepare experience is we to muscle in we as work been in will plan this here operating and to operating on the world.

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committed roll as in part and we more that So, a we service part having thinking on future, solutions the to it's key our the come but out when think of experience. we're of to our multimodal really

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Just perspective? are should of today? last And one. around These now, they how think of flying in prototypes from kind what that sort range line with be you they right performing they are a are distances covering

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Thank you.

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for the Thanks question. Yes.

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are said I to like go earlier into option So we're now an in the right commentary, airplanes potentially building Dubai. the

decision there. of the airplanes on of which not coming line manufacturing have one a these made will go We out

follow that. coming discussed, there's and here decide opportunistic one we've We'll to be we airplane up which As more got there. the after take fourth about to

In terms FAA of conformity.

much that with an qualification to -- necessarily technically important we plan conformity. it's It recognize plan FAA have the So, GCAA require FAA. that accepted conformity the with the or very the aligns doesn't

different a it's Just cert agency.

be to from of But want supporting I that So, manufacturing standpoint. documentation and that. on expect similar you and material the is clear what to crystal very type build would

tranche capital conditions And from XXXX of Toyota you regarding wondering if to raise, receive for very it? roughly and helpful. we're -- in some to the expect the recent second you're able the might when was That share finally,

Yes, Anand.

we're discussion today So closer us still that. The starting pulls together, growing in manufacturing terms we're on on. much going alliance. a basis it upon that, strategic with Toyota of But guidance not provide which on We're we to basically in to conditions, shoulder really basis. the a the from have working daily shoulder timing of where really, specific it's

participation. your you the for this today's time teleconference. have thank conclude We you. all That does today. Thank we And is

may time. disconnect at this lines your You