Eve Holding, Inc. (NYSE:EVEX) Q4 2022 Earnings Call Transcript

Andre Stein: Yes, there are a few points there. One, that we’re already doing actually, it is even on consulting about Management and the concept of operations. So we are actually generating some revenue already on that, even before the actual software development. That’s already an outcome on all the — it’s small — really still at this point, really small revenue, but it’s already there. But that’s already an outcome of the work we’ve done in developing, creating this blueprint in terms of concept of operations. We can expect that to increase in the years to come, to have — continues to do that work together with partners in terms of developing the Air Traffic Management ecosystem as a whole. And with the software itself a few years down the road before, but even before the entry into service of the aircraft, keep in mind that the software is agnostic.

So it’s not — we don’t need to wait our entry into service necessarily for to start having revenue from this software. It’s not at the same scale as particularly the aircraft service and aircraft sales, but it is very strategic, and that’s how you’re seeing it. It’s more about being a strategic part of the puzzle that would allow the eVTOL to fly more efficiently and at scale.

Savi Syth: When do you think that, that could be meaningful in terms of revenue? Does that depend on like when the industry gets some certified eVTOL?

Andre Stein: Yes, yes. It is — again, it is agnostic. It applicable even before eVTOLs are in place because there’s a red — some form of urban going on with helicopters. So it doesn’t need to wait. But in terms of scale, yes, it’s really when the industry starts to grow, that could expect more sizable revenue out of it.

Operator: And we have reached the end of the question-and-answer session. And I’ll now turn the call back over to Lucio Aldworth for closing remarks.

Lucio Aldworth: Thank you, Shamali, and thanks, everyone, who joined the call today. We look forward to updating you on our continued progress throughout the next few quarters as we achieve the operating milestones we just talked about. And we also look forward to meeting you in the upcoming events we’re going to attend. If you have any questions, as always, please don’t hesitate to reach out to us. And thanks, and have a good day.

Operator: And this concludes today’s conference, and you may disconnect your lines at this time. Thank you for your participation.