Aeva Technologies Inc - AEVA STOCK NEWS

Aeva (NYSE: AEVA) announced a significant milestone with the mass production of its Aeries™ II 4D LiDAR™ sensors. The new sensors, produced and shipped to strategic customers, utilize innovative LiDAR-on-chip technology, eliminating fiber optics for compactness and reliability. They offer enhanced performance metrics including four million raw points per second and a detection range of up to 500 meters, meeting the high standards of automotive OEMs. This advancement positions Aeva for growth across various automation sectors.

Aeva (NYSE: AEVA) announced participation in several upcoming investor events. Key dates include the NYSE Healthcare and Technology Access Day on June 8, 2022 (Virtual), CITIC Securities Autonomous Driving Online Summit on June 9, 2022 (Virtual), and Deutsche Bank Global Auto Industry Conference on June 15-16, 2022 (New York, NY). The Credit Suisse Mobility Forum is set for June 21, 2022 (Virtual). Aeva's groundbreaking technology focuses on transforming autonomy across various sectors with its advanced LiDAR systems that provide instant velocity detection and 3D positioning.

Aeva (NYSE: AEVA) announced its Q1 2022 results, highlighting progress in Aeries II deployment, with deliveries expected in late Q2. The company reported revenue of $1.1 million, a significant increase from $0.3 million in Q1 2021. However, GAAP operating loss rose to $34.1 million from $20.1 million in the previous year. Aeva's cash reserves stood at $414.5 million, supporting its growth initiatives, including a new LiDAR-on-chip platform and expansion into the Asia Pacific region. The company continues to advance its FMCW 4D LiDAR technology across various applications, including automotive and NASA projects.

Aeva, a leader in sensing and perception systems, has appointed Barrs Lang as Vice President of Global Sales to enhance its go-to-market strategy for 4D LiDAR sensors. This strategic hire comes alongside the opening of a new office in China, aimed at expanding Aeva's presence in the Asia Pacific market. Lang brings over 15 years of industry experience, previously serving as VP of Sales at Ouster. This expansion reflects Aeva’s commitment to meet the growing demand for its innovative sensing technologies.

Aeva (NYSE: AEVA) has been selected by NASA to provide its 4D LiDAR technology for the Kinematic Navigation and Cartography Knapsack (KNaCK) Instrument project. This LiDAR-based system will aid lunar exploration by enabling high-resolution mapping and precise navigation in GPS-denied environments as part of NASA's Artemis program. Aeva’s technology can operate in low solar incidence areas on the Moon, making it suitable for use during both day and night. This collaboration underscores Aeva's role in advancing lunar and planetary exploration.

Aeva (NYSE: AEVA) will report its first quarter 2022 results on May 4, 2022, after market close. A conference call and webcast will be held at 2:00 p.m. Pacific Time to discuss the results. Aeva is recognized for its innovative 4D LiDAR technology, which combines key components onto a silicon photonics chip, enhancing automated driving and robotics applications by allowing these devices to detect both 3D position and instant velocity. An archive of the webcast will be available for 12 months following the call.

Aeva (NYSE: AEVA) announced its Aeries 4D LiDAR sensors are now supported on the NVIDIA DRIVE platform, enhancing autonomous vehicle capabilities. These sensors detect 3D position and instant velocity up to 500 meters, adding critical safety elements to autonomous driving. Aeva's technology, including Ultra Resolution and 4D Localization, surpasses legacy systems, providing greater range and reliability. The collaboration aims to support the development of Level 3 and Level 4 autonomous vehicles, emphasizing the significance of advanced perception systems.

Aeva (NYSE: AEVA), a leader in next-generation sensing and perception systems, has announced its participation in several upcoming investor events. Key dates include the Morgan Stanley Technology, Media & Telecom Conference on March 7, 2022, at 4:45 PM PT in San Francisco, and the 34th Annual Roth Conference on March 14, 2022, at 10:00 AM PT in Dana Point, CA. Additionally, Aeva will attend the Oppenheimer Transportation Technology Bus Tour on March 22, 2022, and the Credit Suisse Hidden Gems Conference on April 7, 2022, in New York. Institutional investors can register via their sales representatives.

Aeva (NYSE: AEVA) announced its Q4 and full-year 2021 results, highlighting the launch of Aeries II™, the world's first 4D LiDAR™ with camera-level resolution. The company achieved revenue of $2.9 million in Q4 2021, a significant increase from $0.7 million in Q4 2020, and $9.3 million for the full year, compared to $4.8 million in 2020. However, the GAAP operating loss rose to $31.9 million in Q4 2021, up from $9.0 million in Q4 2020. Cash reserves stood at $445 million as of December 31, 2021, supporting future growth and commercialization efforts.