Aeva Technologies Inc - AEVA STOCK NEWS

Aeva (NYSE: AEVA) and Torc, a Daimler Truck subsidiary, have expanded their collaboration to enhance autonomous truck technology development. The partnership focuses on advancing a new safety architecture for truck applications, enabling more intelligent decision-making in autonomous vehicles.

The expanded collaboration includes sharing of 4D LiDAR sensing data and a Freightliner Cascadia vehicle platform for long-range sensing applications. This builds upon their previous production agreement where Daimler Truck selected Aeva as their supplier of long and ultra-long range LiDAR for autonomous commercial vehicles.

The multi-year production agreement targets the commercialization of Daimler Truck autonomous trucks by 2027. The collaboration will involve joint work between global engineering teams from both companies, utilizing data captured from Aeva sensors on North America's leading trucking platform.

Aeva (NYSE: AEVA) has announced its participation in CES 2025 (January 7-10, Las Vegas), where it will showcase new automotive technologies and partnerships. The company will introduce a new long-range high-resolution 4D LiDAR sensor for automotive applications and demonstrate Torc's autonomous Freightliner Cascadia commercial vehicle equipped with Aeva technology.

Key highlights include the demonstration of their next-generation long-range sensor, a collaboration for in-cabin LiDAR integration in passenger vehicles, and the showcase of Torc's Virtual Driver technology with Aeva Atlas ultra-long range 4D LiDAR sensors. The event will feature fireside chats with industry leaders and experiential demo drives in Las Vegas showcasing live point cloud data.

Aeva has expanded its strategic collaboration with SICK, a leading supplier of sensor-based industrial solutions. The partnership focuses on incorporating Aeva's FMCW technology into SICK's high-accuracy contactless sensors for industrial applications. Initial deliveries are expected to begin in 1H 2025.

Aeva will provide its CoreVision™ sensing module and digital signal processing algorithms, enabling micron-accurate distance sensing and precise velocity detection. The technology works effectively across various surfaces, materials, and lighting conditions, targeting manufacturing automation and industrial processes.

Aeva (NYSE: AEVA) announced its Q3 2024 results, highlighting key business developments and financial metrics. The company secured a major production agreement with The Indoor Lab for deploying its 4D LiDAR at U.S. airports and other large venues. Aeva also made significant strides in the passenger vehicle sector, being selected by a major European OEM and advancing RFQs with a top 10 global OEM. Additionally, Torc Robotics and Daimler Truck are using Aeva 4D LiDAR for highway-speed autonomous operations. The company accelerated the launch of Aeva Atlas to meet growing demand. Financially, Aeva reported $134.8 million in cash and equivalents, $2.3 million in revenue, and GAAP operating loss of $37.9 million. Non-GAAP net loss per share improved to $0.55 from $0.63 in Q3 2023. Weighted average shares outstanding were 53.7 million.

The Indoor Lab has selected Aeva (NYSE: AEVA) as their LiDAR provider for critical infrastructure applications. The multi-year agreement marks Aeva's first industrial customer win for Atlas™ 4D LiDAR sensors, with initial deployments planned at JFK International Airport's New Terminal One and San Francisco International Airport. The sensors will be integrated into The Indoor Lab's LiDAR Overwatch Perception Platform™ to enhance safety, security, and operational efficiency. The technology was chosen for its instant velocity detection, interference immunity, and compact design. Future implementations will include mass transit railways, agriculture, theme parks, and smart city infrastructure across the U.S.

Aeva (NYSE: AEVA), a leader in next-generation sensing and perception systems, has announced its schedule for reporting third quarter 2024 results. The company will release its financial results after the market closes on Wednesday, November 6, 2024. Following the release, Aeva will host a conference call and webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day to discuss the Q3 2024 results.

Investors and interested parties can join the webcast through the company's investor relations website at investors.aeva.com. An archive of the webcast will be available on the same website for 12 months following the call, providing extended access to the discussion and analysis of Aeva's quarterly performance.

Aeva, a leader in next-generation sensing and perception systems, has announced that a major European passenger vehicle OEM, in collaboration with a simulation and validation technology leader, will use Aeva's 4D LiDAR technology in its automated vehicle development program. Aeva's Aeries™ II sensors will gather ground truth data, considered the "gold standard" in environmental modeling, to validate the OEM's next-generation vehicle automation systems.

This validation program demonstrates growing interest in Aeva's FMCW technology, which is unique in its ability to simultaneously detect precise range and velocity at long ranges. The technology enables easy separation of static and dynamic scenes in point cloud data, helping automated driving systems quickly identify and distinguish static objects from dynamic ones. This program is in addition to Aeva's other ongoing automotive opportunities, including previously disclosed production RFQs with Global Top 10 Passenger OEMs.

Aeva (NYSE: AEVA), a leader in next-generation sensing and perception systems, will showcase its high-performance 4D LiDAR technology for commercial vehicles at IAA Transportation 2024. The company will demonstrate its Frequency Modulated Continuous Wave (FMCW) 4D LiDAR technology, including Aeva Atlas™ and Aeries™ II sensors, which can detect velocity and 3D position simultaneously.

Visitors to Aeva's booth will experience:

• Atlas 4D LiDAR, an automotive-grade long-range sensor for mass production
• Live perception technology demos
• Torc Robotics driving simulator for autonomous trucking
• Demo drives with live 4D LiDAR sensor data ( availability)

Aeva will also display its CoreVision™ Lidar-on-Chip module and X1™ System-on-Chip LiDAR processor.

Aeva (NYSE: AEVA) reported its Q2 2024 results with significant milestones achieved in various sectors. The company remains on track with Daimler Truck program milestones, advancing sensor shipments for autonomous vehicles. Aeva expects a global top 10 OEM RFQ award decision this year and has initiated a new collaboration with another top 10 OEM. The company completed validation for its industrial precision product with Nikon, with deliveries scheduled for Q4 2024. In security, Aeva's 4D LiDAR was selected by a top U.S. National Defense Security organization to protect critical energy infrastructure. Aeva's technology has also been chosen for Germany's AutomatedTrain program.

Financial highlights include revenue of $2.0 million in Q2 2024, up from $0.7 million in Q2 2023. The GAAP operating loss increased to $48.9 million from $38.2 million, while the non-GAAP operating loss rose to $32.0 million from $31.1 million. The GAAP net loss per share remained at $0.82 and the non-GAAP net loss per share improved to $0.57 from $0.66.

Cash and marketable securities stood at $160.2 million with an available facility of $125.0 million as of June 30, 2024.