Segments

6 Months Ended

Jun. 30, 2024

Segments

Segments

Operating segment information is presented in a manner consistent with the internal reports provided to the Chief Operating Decision Maker (“CODM”). Given Eve’s pre-revenue operating stage, it currently has no concentration exposure to products, services, or customers. Eve has determined that it currently operates in three different operating and reportable segments as the CODM assesses the operation results by each R&D project, as follows:

eVTOL The Company is designing and certifying an eVTOL purpose-built for UAM missions and plans to market its eVTOLs globally to operators of UAM services, including fixed wing and helicopter operators, as well as lessors that purchase and manage aircraft on behalf of operators.

Service and Operations Solutions The Company plans to offer a full suite of eVTOL service and support capabilities, including material services, maintenance, technical support, training, ground handling and data services. Its services will be offered to UAM fleet operators on an agnostic basis, supporting both its own eVTOL and those produced by third parties.  

UATM The Company is developing next-generation Urban Air Traffic Management (“UATM”) software named Vector to help enable eVTOLs to operate safely and efficiently in dense urban airspace along with conventional fixed wing and rotary aircraft and unmanned drones. The Company expects to offer Vector primarily as a subscription software offering to customers that include air navigation service providers, fleet operators and vertiport operators.

The CODM receives information related to the operating results based on R&D expenses by segment. Asset information by segment is not presented to the CODM.

	Three Months Ended						Six Months Ended
	June 30,						June 30,
​Research and development expenses by segment		2024			2023			2024			2023
eVTOL	$	33,439		$	19,709		$	58,082		$	39,824
Service and Operations Solutions		1,679			962			3,272			1,664
UATM		1,199			1,150			2,418			1,861
Total research and development expenses	$	36,317		$	21,821		$	63,772		$	43,350
(Income)/expense not allocated to segments, net		(324	)		9,286			(3,106	)		13,356
Loss before income taxes	$	(35,993	)	$	(31,107	)	$	(60,666	)	$	(56,705	)