The stock surged 13.7% following earnings, driven primarily by the successful inaugural flight and extensive progress in the engineering prototype’s test campaign. Investors appear encouraged by the clear path toward the transition phase and enhanced confidence in the certification timeline.

• Completed 59 test flights totaling nearly 2.5 hours, achieving multiple hover objectives and validating 130 specific performance points.
• Prototype reached 215 feet altitude and 30 knots speed, with planned transition flights to exceed 85 knots using wing-borne lift.
• Confirmed reliability of predictive models and better-than-expected motor thrust and battery performance; noise and vibration met expectations.
• Structural ground tests and software upgrades scheduled in Q2 to prepare for the critical transition flight phase.
• Certification timeline clarified, aiming for service entry in 2028 after 12 months of conforming prototype testing, with reduced schedule risk.