Wessling, Germany-based aerospace start-up Lilium N.V. (LILM) is a maker of an all-electric vertical take-off and landing (eVTOL) jet. It recently signed a memorandum of understanding with NetJets Inc. and FlightSafety International for a proposed strategic partnership, which is expected to boost its commercial ambitions in Florida and other U.S. markets and create additional direct sales opportunities.
However, LILM is struggling with poor profitability. The stock has declined 48.4% in price over the past three months and 62.3% over the past six months to close yesterday’s trading session at $4.04.
