Welcome to our dedicated page for Aeva Technologies news (Ticker: AEVA), a resource for investors and traders seeking the latest updates and insights on Aeva Technologies stock.
Aeva Technologies reports developments tied to its frequency modulated continuous wave 4D LiDAR and perception platform for automated systems. The company designs LiDAR-on-chip sensing technology, system-on-chip processing and perception software that detect velocity and position for applications in automated driving, commercial vehicles, manufacturing automation, smart infrastructure, robotics and consumer devices.
Recurring Aeva news includes financial results, Atlas sensor deliveries for automotive and trucking programs, Nikon APDIS laser radar systems powered by Aeva Eve technology, Aeva CityOS intelligent transportation deployments, defense and autonomous-vehicle applications, and work with technology partners on automated-driving reference platforms. Company updates also cover commercial momentum, manufacturing scale-up and investor event participation.
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.
Aeva, a leader in next-generation sensing and perception systems, has achieved ISO/IEC 27001:2022 certification for information security management. This certification, performed by UKAS-accredited Intertek, demonstrates Aeva's commitment to protecting confidentiality, integrity, and availability of information assets for employees, customers, and partners.
The certification is a significant milestone for Tier-1 automotive-qualified supplier readiness, as Aeva sees growing interest in its unique 4D LiDAR technology. Aeva's Information Security Management System covers the design and development of 4D LiDAR sensors and manages 92 controls across organizational, people, physical, and technological domains.
This achievement builds on Aeva's existing ISO 9001 certified Quality Management System, further solidifying its position in the automotive and other industries.
Aeva (NYSE: AEVA), a leader in next-generation sensing and perception systems, has been selected by a top U.S. national defense security organization to help protect critical energy infrastructure sites across the United States. Aeva's 4D LiDAR sensors, based on FMCW technology, will serve as the primary detection sensor for intrusion protection at sensitive locations in various facilities.
Key advantages of Aeva's technology include instant velocity data, immunity to interference, ultra-long range detection, high-density point cloud, and improved immunity to detection. These features enable quick detection of moving objects, reliable performance in challenging lighting conditions, early detection of potential intruders, and enhanced protection against advanced intrusion methods.
Aeva (NYSE: AEVA), a leader in next-generation sensing and perception systems, has announced its plans to report second quarter 2024 results after market close on Wednesday, August 7, 2024. The company will host a conference call and webcast to discuss the results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. 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 of Aeva's financial performance and business updates.
Aeva (NYSE: AEVA) has been selected by Digitale Schiene Deutschland to supply its 4D LiDAR technology for the AutomatedTrain project. This initiative, managed by DB InfraGO AG and funded by the German Federal Ministry of Economic Affairs and Climate Action, aims to trial driverless, automated passenger trains by 2026.
Aeva's 4D LiDAR technology offers high-resolution, long-range performance and instant velocity detection, important for detecting obstacles around train tracks. This technology will be integrated into two regional trains, enabling them to detect surroundings and react to obstacles in real-time. The project involves collaboration with ten partners, including Siemens Mobility and Bosch Engineering.
Aeva's technology allows for accurate positioning even in areas with unreliable GPS signals, enhancing the safety and reliability of automated train operations. The initiative is expected to set new standards for rail automation across Europe.
Aeva (NYSE: AEVA) reported strong first quarter 2024 results with record product shipments to customers, including Daimler Truck, on track with milestones and production timeline, and progress in automotive RFQs. The company established a new Automotive Center of Excellence in Germany. Financially, Aeva had cash, cash equivalents, and marketable securities of $189.3 million, revenue of $2.1 million, GAAP operating loss of $37.3 million, and non-GAAP operating loss of $32.1 million. The company will host a conference call to discuss results.
Summary not available.