📢 𝗝𝗨𝗦𝗧 𝗜𝗡: $Joby Aviation(JOBY.US) Joby Avi

📢 𝗝𝗨𝗦𝗧 𝗜𝗡: $Joby Aviation(JOBY.US) Joby Aviation to Acquire Resonant Sciences for Approximately $𝟱𝟬𝟬 Million, Expanding Defense Business

👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:

➤ 𝗝𝗼𝗯𝘆 𝗔𝘃𝗶𝗮𝘁𝗶𝗼𝗻 will acquire 𝗥𝗲𝘀𝗼𝗻𝗮𝗻𝘁 𝗦𝗰𝗶𝗲𝗻𝗰𝗲𝘀 for approximately $𝟱𝟬𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻.

➤ Deal includes approximately $𝟰𝟱𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 cash and $𝟱𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 Joby stock.

➤ Resonant generated over $𝟭𝟬𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 trailing-twelve-month revenue.

➤ Resonant's revenue grew approximately 𝟰𝟬% year over year.

➤ Recent adjusted EBITDA margins reached the 𝗵𝗶𝗴𝗵-𝘁𝗲𝗲𝗻𝘀 range.

➤ First-half 𝟮𝟬𝟮𝟲 bookings exceeded triple the prior-year period.

➤ Resonant's backlog has more than 𝗱𝗼𝘂𝗯𝗹𝗲𝗱 year over year.

➤ Resonant will become Joby's dedicated 𝗱𝗲𝗳𝗲𝗻𝘀𝗲 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 after closing.

➤ Acquisition combines Joby's autonomy with Resonant's 𝗥𝗙 and mission technologies.

➤ Transaction is expected to close in the 𝗳𝗶𝗿𝘀𝘁 𝗵𝗮𝗹𝗳 𝗼𝗳 𝟮𝟬𝟮𝟳.

👉 𝗪𝗵𝘆 𝗧𝗵𝗶𝘀 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:

➤ Gives Joby immediate scale in the growing 𝗨.𝗦. 𝗱𝗲𝗳𝗲𝗻𝘀𝗲 technology market.

➤ Adds an established, 𝗘𝗕𝗜𝗧𝗗𝗔-𝗽𝗼𝘀𝗶𝘁𝗶𝘃𝗲 business with government programs and backlog.

➤ Creates opportunities combining 𝗮𝘂𝘁𝗼𝗻𝗼𝗺𝘆, aircraft, RF sensing, and mission systems.

➤ Lets Joby's commercial division remain focused on its 𝗲𝗹𝗲𝗰𝘁𝗿𝗶𝗰 𝗮𝗶𝗿 𝘁𝗮𝘅𝗶 business.

➤ Combined Dayton footprint approaches 𝟭 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 square feet of facilities.

👉 𝗘𝘅𝗽𝗲𝗿𝘁 𝗦𝘁𝗮𝘁𝗲𝗺𝗲𝗻𝘁𝘀:

𝗝𝗼𝗲𝗕𝗲𝗻 𝗕𝗲𝘃𝗶𝗿𝘁, Founder and CEO of Joby Aviation:

“Resonant has built an exceptional business that combines advanced technology, vertically integrated production capabilities and deep customer trust,” said JoeBen Bevirt, Founder and CEO of Joby Aviation. “The combination will pair Resonant’s established capabilities with Joby’s globally leading aircraft propulsion technologies, creating a powerful platform for the next phase of Resonant’s growth. What makes this combination especially compelling is how closely aligned our teams are. Having worked with Micah and his team for several years, we know that we share a passion for deep technical innovation, a bias toward solving hard problems from first principles and a vertically integrated approach that brings design, engineering, testing and production together under one roof.”

𝗝. 𝗠𝗶𝗰𝗮𝗵 𝗡𝗼𝗿𝘁𝗵, Co-Founder and CEO of Resonant Sciences:

“Demand for advanced defense technology is growing rapidly, and Resonant has built the technology, customer relationships and manufacturing capabilities required to meet it,” said J. Micah North, Co-Founder and CEO of Resonant Sciences. “Joining Joby gives our team access to additional engineering depth, aircraft platforms, autonomy technology and production expertise, allowing us to move faster for our existing customers and pursue opportunities that neither company could address alone,” he added. “Resonant’s name, leadership, people and commitments to our customers will remain in place. What changes is the scale of what we can build and deliver.”

𝗥𝗼𝗱𝗿𝗶𝗴𝗼 𝗕𝗿𝘂𝗺𝗮𝗻𝗮, Chief Financial Officer of Joby Aviation:

“Resonant is a fast-growing business with strong visibility into future revenue, supported by a growing backlog and accelerating demand across its core defense markets,” said Rodrigo Brumana, Chief Financial Officer of Joby Aviation. "It generates healthy adjusted EBITDA margins, and its technology, customer relationships and scaled manufacturing make it a strong strategic fit for Joby as we build out our defense business."