UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): |
(Exact name of Registrant as Specified in Its Charter)
(State or Other Jurisdiction |
(Commission File Number) |
(IRS Employer |
||
|
|
|
|
|
|
||||
|
||||
(Address of Principal Executive Offices) |
|
(Zip Code) |
Registrant’s Telephone Number, Including Area Code: |
|
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
|
|
Trading |
|
|
|
|
|||
|
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 2.02 Results of Operations and Financial Condition.
On May 12, 2022, Joby Aviation, Inc. (the “Company”) announced its financial results for the quarter ended March 31, 2022. A copy of the Company’s press release is attached hereto as Exhibit 99.1. The Company also issued a letter to its shareholders, which is attached hereto as Exhibit 99.2.
The information furnished in this Current Report, including Exhibits 99.1 and 99.2, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number |
|
Exhibit Description |
99.1 |
|
|
99.2 |
|
|
104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
|
|
|
Joby Aviation, Inc. |
|
|
|
|
Date: |
May 12, 2022 |
By: |
/s/ Matthew Field |
|
|
Name: Title: |
Matthew Field |
Joby Aviation Reports First Quarter 2022 Financial Results
SANTA CRUZ, Calif.--(BUSINESS WIRE (http://www.businesswire.com/))-- Joby Aviation (NYSE: JOBY), a California-based company developing all-electric aircraft for commercial passenger service, today announced its financial results for first quarter 2022. Please visit the Joby investor relations website https://ir.jobyaviation.com/ to view the first quarter 2022 shareholder letter. Today the company will host a live audio webcast of its conference call to discuss the results at 2:00 p.m. PT (5:00 p.m. ET).
Additional Call Details:
What: Joby First Quarter 2022 Earnings Conference Call
When: Thursday, May 12, 2022
Time: 2:00 p.m. PT (5:00 p.m. ET)
Webcast: Upcoming Events (https://ir.jobyaviation.com/news-events/ir-calendar) section of the company website (www.jobyaviation.com)
Live Call: 1-877-407-3982 or 1-201-493-6780
A replay of the call will be available until midnight, Thursday, May 26, 2022, by dialing 1-844-512-2921 or 1-412-317-6671 and entering passcode 13728914.
About Joby Aviation
Joby Aviation, Inc. (NYSE:JOBY) is a California-based transportation company developing an all-electric vertical take-off and landing aircraft which it intends to operate as part of a fast, quiet, and convenient air taxi service beginning in 2024. The aircraft, which has a maximum range of 150 miles on a single charge, can transport a pilot and four passengers at speeds of up to 200 mph. It is designed to help reduce urban congestion and accelerate the shift to sustainable modes of transit. Founded in 2009, Joby employs more than 1,000 people, with offices in Santa Cruz, San Carlos, and Marina, California, as well as Washington, D.C. and Munich, Germany. To learn more, visit www.jobyaviation.com.
Forward Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding the development and performance of Joby’s aircraft and its regulatory outlook, progress and timing. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events. All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially including: Joby’s ability to launch its aerial ridesharing service and the growth of the urban air mobility market generally; Joby’s ability to produce aircraft that meet its performance expectations in the volumes and on the timelines that it projects, Joby’s ability to launch a commercial passenger service beginning in 2024, as currently projected; the competitive environment in which it operates; its future capital needs; its ability to adequately protect and enforce its intellectual property rights; its ability to effectively respond to evolving regulations and standards relating to its aircraft; its reliance on a
third-party suppliers and service partners; uncertainties related to Joby’s estimates of the size of the market for its service and future revenue opportunities; and other important factors discussed in the section titled “Risk Factors” in its Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the “SEC”) on March 28, 2022, and in other reports it files with or furnishes to the SEC. Any such forward-looking statements represent management’s estimates and beliefs as of the date of this press release. While Joby may elect to update such forward-looking statements at some point in the future, it disclaims any obligation to do so, even if subsequent events cause its views to change.
Contacts:
Investors:
investors@jobyaviation.com
+1-831-201-6006
Media:
press@jobyaviation.com
Source: Joby Aviation
Q[-]#7LEPTBVLK0X,@0E/KCBO/+#Q!_:,CZ;
MKX$L4C;5E(P8FKGI59N[>HVD YM+FSF,5S!)%(.JNI!HM+VXT^ZCNK:5HY4.
MX,IZ4N8:;ZGT@.:=6'X4UP>(-#BO& $RGRY0.@8?X\'\:W<598F*,4N*,4 )
MBC%+BB@ HHI<4 )11BEH 2BEHH 3%+BC%% "44M&* $HQ3L48H ;13L44 )1
M2XHQ0 E%+BC% "44N*,4 )12XHQ0 E%.HQ1W?PLU./)M;NWF'HV4-8MUX$\1VH);3G
M=1WB97_D:RLR+,YRBK-QI]W:L5GMI8R.S*15;!I"$I:** $Q1BG4E(!N*,4Z
MC% AM&*=BDQ0,;BBG8HQ0 VBEQ1B@0F:7-%)0 N:6DHQ0 M&*2C- "T4F:6F
M E%.Q1BD VF%?2I,446&0TF*E*9^M,(QUJ; -I:** "BBB@ HHHH *2E-)2
M*,T44 &:,TE(30 [=BA3G-,Q3EXXH E%.%1@D"EW^U4@)*6F!L]J<.1FF M+
MG IN<"FLV3M%.X@SN8FG4@HIH!0:6DH%5<0M&:**+B%S1FDHIW"PN:,TE%%P
ML+FC-)11<+"YHS2447"PN:,TE&* %S1FC%*$)Z"@!**NVVDW]XP%O:32D_W5
M)K '_GJG_?0KXQ%[>#I/+_W
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M)*J#]2*&[ E <"J$_B;1+
M?_6ZI:K_ -M :^77U2Y?DR$_C4+7 .*28$]"QR ?I7&ZKI5SI\QBN4.T_=<=&
MKU)6#,R[AN':H+VQAOK=H;B,.A_2L:.+E%^]JCHK86,U[NC/(07@;*\BK]O<
M+(I&/JIJ[K6@3Z5(74&2V)X?'3ZUB;2AW)D5ZD)J2NCRIP<7:1TNG:C]A#QS
M)Y]E+Q)&W(_S[UD:KI<2R7%YI)::P1@&/>(D9VGV[9I;6Y#C# ;NA'K6MI5\
M-*G=O+62UF&R5&&01Z&IJTE+5%0G;1G)K.P((.,5T&D^*6T^!HV1FSWS3O$7
MAM+>$:II6Z73W/S+U,)]#[>] 5YZ4 4 -Q28YI^VC;0!'BDQ4FVC
M;[4 ,!P*4T[;1MH 91BG[:-M #,48J3;2$4 ,Q24_;1MH ;CBC%/Q2!:!"8H
MQS3L4N* &XI"*?BDQ0 S%+BG8HQ0 W%*!2XHQ0 F*,4N*7% #:<* *>%I@,Q
M2XIV*7% QF*3%28HVTA#-M)MJ3 I#3 9MHVT\T@H ;MI<4[%&,4 ,Q13J,4"
M&T4M% #:,4[I28H 3-)FEQ2$4 &::QI3P*830 44F@QAW(W;6;;U5AU%97BG5X]*T^/2;%@KE-K8ZHO^)K&,
MI
^-XFT%>
MNL6?_?T&F-XK\/CKJ]K_ -]$UX-NHW47#F/=&\9>'%_YBT/X!C_2HSXW\.#_
M )B:GZ1M_A7A^ZC=1<.8]M/CSPZ/^7XGZ1-_A3#X_P##R_\ +S*?I$:\5WFC
M>:+AS'LS?$7P^O1[D_2+_P"O41^).@CHMV?^V8_QKQ[6C<:+BYF>O'XF:*
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M7U1](4_PJ2W^&^OS8WQ10C_;D']*UX/A1
I[5\JVVH7=F^^VNIH6]8W*_P JZ2P^(_B:Q0QF_-Q&
M5*[9U#=O7K3YA\Z$\4W9N]8N9B<[Y&(_.N<-/FNY;ARTC9)J(FFV8MZBFDHH
MI#%%%)2TF 4M)2T %+24M,!112"EH *<*;3A0,45-#]\5"*G@Y84P/5/AG%F
M\=_[L9_PKTS%XN94AAC&6=S@ 5Y-XO^*,EQYEEH#-%%T:ZY#-_N^EW=Y(9+FYEF<]6D
EY<#Z2&ATI=Q\Z/KBYM+:]A,-S!%/&W5)$# _G7!:Y\']"U
MO-IK2:=.>0(SE,_0UX7'XDUB$@QZC=+_ -M35Z+QYXGAP$UJ[ '^WFA4Y+8.
M9&WKOP^\2^'B7>U^VVP_Y;6P+8'N.HKFTNB&(W$,.JG@BM:+XH>+X>FKR-_O
MQHW\Q6%K6OWNOW*W%\86F7^..%8R?KM S6D7);DMKH73=N.<\^HX-4KIGN'+
MR.SL>[$DU1CNY$X;YA^M6HYTE[X/H:U31+*KQ>AJ(J16@R@U"\=#B*Y3[T5*
M\50\J<&LVK#%HHI*0#J44T49H&3(>:ZOP=J#:;K]I
'?"^K>*+EX-+M3*4&78D*J_4GBNA;X2>,%/&FH
MW^[<1_\ Q5&A>-]2\.V0M+!((X1R1LY8^I/>M?3_ (J:U!=F2Y998C_ !C%9
M2J5;Z(U4(]SF+CX=^*[9]C:+*L HI:2F@"@]Z*#T-# J'K4D'WC]*BJ:#[Q^E0@)Z9
M(VU">]/JO,V7QV%4V!%1114 %%%% !1110 4444 % .#FBB@ )).32D\ 4E%
M !1110 4444 %%%% !1110 4444 *#5JWGV#!JI2YIIV TVEW)U^E6X9%EC!
M[]ZQ1*14T%P8VX-4I ;(%&*9;S+*/>IL5JF%AF*80?-4]JFQ36'S+3N*Q/;C
M)/->G6?@W39]*M))1*LSQ*SD/W(R:\UT]!)=+&<#