Aeva Technologies Inc

Aeva Technologies, Inc. develops sensing paradigm for autonomous vehicles and robotics. The firm offers drones, robotics, vehicle technology, and virtual and augmented reality products. The company was founded by Soroush Salehian Dardashti and Mina Rezk in 2017 and is headquartered in Mountain View, CA.

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Aeva Technologies reports strong 2022 performance and targets 50% revenue growth

Aeva Technologies had a solid financial performance in 2022 with plans for significant revenue growth in 2023.
The company's strengths lie in technological advancements, strategic collaborations, and a strong financial position.
Challenges include navigating a competitive landscape and transitioning to new technology in the automotive sector.
Opportunities for Aeva include expanding manufacturing capabilities, capturing new programs, and leveraging market momentum.

Aeva Technologies reports Q1 revenue, emphasizes tech advancements and partnerships

Aeva Technologies reported mixed financial results for Q1 2023 but remains well-positioned with a substantial cash balance and technological advancements.
The company's focus on partnerships, commercial traction, and program wins underscores its strategic approach to driving growth and market adoption.
While facing challenges in managing operating losses and cash burn, Aeva has opportunities to capitalize on its strengths in technology and financial stability.

Aeva Technologies reports Q2 revenue of $0.7M, focuses on strategic growth

Aeva Technologies showcased financial stability, technological advancements, and strategic partnerships in Q2 2023. While facing challenges in managing operating losses, the company is focused on optimizing spend and pursuing growth opportunities to drive future success.

Aeva Technologies secures key wins and funding for growth

Aeva Technologies showcased market traction with production wins and a strengthened balance sheet. While facing challenges in operating losses, the company's strategic moves and partnerships present growth opportunities. Aeva's focus on production phase transition and key hires positions it for future success.

Aeva Technologies reports strong 2023 performance and eyes significant growth

Aeva Technologies' strong performance in 2023, highlighted by key partnerships and product introductions, sets the stage for significant revenue growth in 2024 and beyond.
While facing financial challenges, the company's strategic focus on large-scale production opportunities and capacity expansion positions it well to capitalize on market demand and technological shifts.
By leveraging its strengths in scalable manufacturing and customer-driven product development, Aeva is poised to navigate challenges and seize opportunities for growth and industry leadership.

Aeva Technologies reports record sensor shipments and strategic partnerships

Aeva Technologies demonstrated strong operational performance and strategic foresight in Q1 2024, with record sensor shipments and solid liquidity position.
While facing challenges in cost management and addressing market demands, Aeva's focus on innovation and partnerships positions them well for future growth.
Opportunities lie in diversifying customer base, enhancing technology differentiation, and exploring new market segments for sustained success and expansion.

Aeva Technologies reports Q2 revenue growth and strategic partnerships

Aeva Technologies showcased revenue growth and strategic partnerships in Q2
Despite operating losses, the company maintains a strong liquidity position
Challenges lie in balancing expenses with revenue generation for sustainable growth
Opportunities exist for expansion, innovation, and market penetration in key sectors

Aeva Technologies reports Q3 revenue growth and strategic partnerships

Aeva Technologies demonstrated resilience and growth potential in Q3 through strategic partnerships, production wins, and financial stability.
While facing challenges in manufacturing and customer expansion, the company's focus on innovation and market engagement positions it for long-term success.
Opportunities for revenue growth and market expansion abound for Aeva, driven by its technological expertise, industry relationships, and financial strength.

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MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, announced today that one of the top global automotive OEMs has selected Aeva as its Tier 1 LiDAR supplier for its series production vehicle program. To Aeva's knowledge, the production win represents one of the largest automotive series production awards in its class. The selection positions Aeva to become a trusted direct Tier 1 supplier to automotive OEMs globally. “This win.

Aeva Selected by Top Global Automotive OEM to Directly Supply LiDAR for its Series Production Program

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Ouster and Innoviz had positive financial performance in Q3, with Ouster achieving expected milestones and Innoviz maintaining its revenue forecast. Cepton and Luminar revised their forecasts downward, while MicroVision set a lower target for the year. Cash runway analysis shows that AEye and MicroVision will run out of cash in 2024, while Innoviz may exhaust its cash by 2025.

Lidar Quarterly Insights: Q3 2023 Update

Aeva Technologies, Inc. (NYSE:AEVA ) Q3 2023 Earnings Conference Call November 8, 2023 5:30 PM ET Company Participants Andrew Fung - Director-Investor Relations Soroush Dardashti - Co-Founder & Chief Executive Officer Saurabh Sinha - Chief Financial Officer Conference Call Participants Joe Moore - Morgan Stanley Colin Rusch - Oppenheimer Suji Desilva - ROTH Capital Richard Shannon - Craig-Hallum Operator Good day. My name is MJ [ph] and I will be your conference facilitator.

Aeva Technologies, Inc. (AEVA) Q3 2023 Earnings Call Transcript

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced its third quarter 2023 results. Key Company Highlights May Mobility selected Aeva 4D LiDAR as the exclusive production supplier of long-range LiDAR through 2028, replacing ToF long-range LiDAR to help expand May Mobility's operational design domain Awarded multi-year production program to use Aeva's LiDAR-on-Chip technology on Nikon's high precision industrial.

Aeva Reports Third Quarter 2023 Results

Aeva Technologies on Wednesday said it has inked a deal to supply May Mobility with a key sensor for its self-driving shuttles.

Aeva to supply self-driving sensors to NTT-backed May Mobility

MOUNTAIN VIEW, Calif. & ANN ARBOR, Mich.--(BUSINESS WIRE)--Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced that May Mobility, a leader in the development and deployment of autonomous vehicle (AV) technology, has selected Aeva to be the exclusive supplier of long-range LiDAR sensors for May Mobility's autonomous vehicles globally. The multi-year supply agreement provides 5-year volume commitments through 2028, with delivery starting this year and p.

May Mobility Selects Aeva as Exclusive Production Supplier of Long-Range LiDAR

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced the appointment of Stefan Sommer to its Board of Directors, effective November 15, 2023. “With a distinguished executive leadership career spanning many of the world's leading organizations in the automotive industry including top global automotive OEMs and Tier 1 suppliers, we are pleased to welcome Dr. Sommer to Aeva's Board of Directors,” said Mina Rezk, Cha.

Aeva Appoints Dr. Stefan Sommer, Former CEO of ZF Group and Board Member at Volkswagen Group, to its Board of Directors

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced a production win with Nikon Corporation (JPX: Nikon), a pioneer in optical technology markets and a global manufacturer and supplier of metrology and inspection equipment for the industrial automation and metrology markets. Under the agreement, Aeva will supply Nikon with its micron-precise LiDAR-on-Chip technology to power Nikon's products for industrial metro.

Nikon Selects Aeva in Multi-year Production Agreement to Power Next Generation of High Precision Industrial Metrology Inspection Products

Lidar companies' sustainability is crucial for investment; many may need equity sales to survive. Revenue forecasts and cash expenditures play a significant role in determining a company's potential for profitability and longevity. Only Luminar and Ouster show financial resilience and the potential to achieve profitability by 2026, while other companies may require additional funding.

Modeling Lidar Companies' Survival And Profitability

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced that it will report results for the third quarter 2023 after market close on Wednesday, November 8, 2023. Aeva will host a conference call and webcast to discuss the third quarter 2023 results at 2:30 p.m. Pacific Time (5:30 p.m. Eastern Time) on the same day. Event: Aeva Technologies, Inc. Third Quarter 2023 Results Call Date: Wednesday, November 8, 2023 Time:.

Aeva Announces Date for Third Quarter 2023 Results and Conference Call

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced that on September 21, 2023, the company received a notice from the New York Stock Exchange (the “NYSE”) that it was not in compliance with the continued listing standard set forth in Section 802.01C of the NYSE's Listed Company Manual, as the average closing price of the company's common stock was less than $1.00 per share over a consecutive 30 trading-day peri.

Aeva Technologies, Inc. Receives Notice Regarding NYSE Continued Listing Standards

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MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced it will demonstrate its high performance 4D LiDAR™ technology for the automotive industry at IAA Mobility 2023 in Munich, the world's leading platform for the future of mobility, sustainability and technology. Aeva's Aeries™ II 4D LiDAR delivers next generation sensing and perception performance using Frequency Modulated Continuous Wave (FMCW) technology to sim.

Aeva to Showcase High Performance Automotive 4D LiDAR at IAA Mobility 2023

The lidar business is gaining momentum as OEMs actively pursue new designs within the upcoming six months. Ouster remains deeply undervalued in the comparison. The cash runway emerges as a significant challenge for AEye.

Investing In Lidar, Mid-Year 2023 Update

Aeva Technologies, Inc. (NYSE:AEVA ) Q2 2023 Earnings Conference Call August 8, 2023 5:30 PM ET Company Participants Andrew Fung - Director, IR Soroush Dardashti - Co-Founder, CEO & Director Saurabh Sinha - CFO Conference Call Participants Antoine Chkaiban - New Street Research Colin Rusch - Oppenheimer Joseph Moore - Morgan Stanley Suji Desilva - ROTH MKM Partners Richard Shannon - Craig-Hallum Operator Good day. My name is Jen, and I will be your conference facilitator.

Aeva Technologies, Inc. (AEVA) Q2 2023 Earnings Call Transcript

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced its second quarter 2023 results. Key Company Highlights Deepened integration with Top-10 OEM with a strategic collaboration agreement to use Aeva's perception stack built around its velocity data to achieve the OEM's use cases, and expansion of on-road deployment into 2024 Selected by Railergy to replace conventional 3D LiDAR with Aeva 4D LiDAR to meet use case.

Aeva Reports Second Quarter 2023 Results

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced that Railergy, a leading supplier of railway system automation solutions, has selected Aeva's Frequency Modulated Continuous Wave (FMCW) 4D LiDAR™ technology to power perception for its automatic train operation solution. Aeva's Aeries™ II sensors provide critical instant velocity data and high-resolution sensing to identify obstacles preventing the safe passag.

Railergy Selects Aeva to Enable Safe Autonomous Train Technology for Major European Freight Carrier

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced it will participate in the following upcoming investor events. JP Morgan Automotive Conference Location: New York, NY Date: August 10, 2023 Presentation Time: 2:15pm ET Jefferies Semiconductor, IT Hardware & Communications Technology Summit Location: Chicago, IL Date: August 29, 2023 IAA Mobility Location: Munich, Germany Date: Week of September 4, 2023 Ins.

Aeva to Participate in Upcoming Investor Events

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced that it will report results for the second quarter 2023 after market close on Tuesday, August 8, 2023. Aeva will host a conference call and webcast to discuss the second quarter 2023 results at 2:30 p.m. Pacific Time (5:30 p.m. Eastern Time) on the same day. Event: Aeva Technologies, Inc. Second Quarter 2023 Results Call Date: Tuesday, August 8, 2023 Time: 2:30.

Aeva Announces Date for Second Quarter 2023 Results and Conference Call

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Aeva Technologies, Inc. still offers a lot of potential upside due to the market opportunity for Lidar sensors and the promise of a large Top-10 OEM deal. The company hasn't provided any material details on future order sizes and manufacturing capacity, leaving investors mostly in the dark. Aeva Technologies stock is cheap compared to the massive opportunity ahead, but the cash balance could quickly disappear, potentially requiring shareholder dilution capping upside.

Aeva Technologies: Market Needs More

Aeva Technologies, Inc. (NYSE:AEVA ) Q1 2023 Results Conference Call May 10, 2023 5:00 PM ET Company Participants Andrew Fung - Director, IR Soroush Dardashti - Co-Founder, CEO & Director Saurabh Sinha - CFO Conference Call Participants Colin Rusch - Oppenheimer Joseph Moore - Morgan Stanley Pierre Ferragu – New Street Research Suji Desilva - ROTH Capital Partners Tristan Gerra - Baird Richard Shannon - Craig Hallum Kevin Garrigan - WestPark Capital Operator Good day, Ladies and gentlemen, and welcome. My name is Judith and I'll be your conference facilitator.

Aeva Technologies, Inc. (AEVA) Q1 2023 Earnings Call Transcript

Aeva Technologies, Inc. (AEVA) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.16. This compares to loss of $0.12 per share a year ago.

News for Aeva Technologies Inc Stock (AEVA)