AEVA
Aeva Technologies Inc
Aeva Technologies Inc
$AEVA Reports Q1 2023 Financial Results with Stable Revenue and Focus on Key Partners for Ongoing Development
Aeva, a sensing and perception systems company, reported Q1 2023 financial results with unchanged revenue at $1.1M YoY, while GAAP and non-GAAP operating loss increased to $37.3M and $31.3M from $34.1M and $28.3M respectively. Aeva is progressing well with a top-10 OEM, which is driving growing interest in its unique 4D LiDAR-on-chip technology. The company has cash, cash equivalents, and marketable securities of $288.4M. Aeva aims to secure additional wins with key partners and expand its capacity to support ongoing customer development. Investors should note risks and uncertainties.
4mo ago
$AEVAAeva Technologies Inc
$AEVA reports Q4 2022 and full year results, sees new wins in its next-gen perception market vision.
Aeva Technologies reported successful Q4 and full year 2022 results, with the launch of Aeries II and selection for a development program for production vehicles. The company also completed the development of its LiDAR on a chip platform. CEO Soroush Salehian's focus in 2023 is on securing new wins. Aeva reported GAAP operating losses of $152.0 million for the full year 2022, compared to $104.2 million in 2021. The company will host a conference call and live webcast to discuss results today. Forward-looking statements highlight limited operating history, risks, and identifying and realizing additional opportunities.
6mo ago
$AEVA