With the latest round of tariffs from the Trump administration in early April 2025, investors and business owners alike are reckoning with the idea that the policy is encouraging a repatriation of manufacturing to the U.S. Should American firms that engage other countries to complete crucial manufacturing work offshore instead decide to build up manufacturing infrastructure domestically in order to avoid dealing with high tariffs on global imports, there will undoubtedly be a surge in demand for technologie ...

The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Aeva Technologies, Inc. (AEVA) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Auto-Tires-Trucks sector should help us answer this question.Aeva Technologies, Inc. is a member of our Auto-Tires-Trucks group, which includes 100 different companies and currently sits at #10 in the Zacks Secto ...

Aeva Technologies, Inc. (AEVA) shares rallied 9.5% in the last trading session to close at $5.19. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 24.1% gain over the past four weeks.Aeva shares have gained after it posted quarterly results and announced a significant contract. The company reported a loss of 49 cents, narrower than the Zacks Consensus Estimate of a loss of 58 cents. Reported revenues of $3 mil ...

Group 1 - The service offers a model portfolio with daily updates, trade alerts, and real-time chat, encouraging users to sign up for a risk-free 2-week trial to identify stocks with potential for significant growth [1] Group 2 - The article emphasizes the importance of conducting personal research or consulting a financial advisor before making investment decisions, highlighting the inherent risks involved in investing [3]

Revenue Performance - Revenue increased by $4.8 million, or 110%, to $9.1 million for the year ended December 31, 2024, compared to $4.3 million in 2023, primarily due to increased sales of prototype units and non-recurring engineering services [254]. - Total revenue for the year ended December 31, 2024, was $9,065,000, representing a 110% increase from $4,312,000 in 2023 [364]. - North America accounted for 86% of total revenue in 2024, up from 65% in 2023, while Asia's contribution decreased to 7% from 17% [364]. - Revenue recognized at a point in time was $5,681,000 (63% of total revenue) in 2024, compared to $3,877,000 (90%) in 2023 [364]. - Two customers accounted for 56% and 16% of the Company's revenue in 2024, compared to 23% and 22% in 2023 [365]. Expenses and Losses - Cost of revenue rose by $2.7 million, or 26%, to $12.9 million during the year ended December 31, 2024, from $10.2 million in 2023, driven by higher unit sales and increased non-recurring engineering services [255]. - Gross loss improved by $2.1 million, or 36%, to $(3.8) million in 2024 from $(5.9) million in 2023 [253]. - Total operating expenses increased by $12.7 million, or 9%, to $154.6 million in 2024 from $141.9 million in 2023 [253]. - Net loss before income taxes increased by $10.6 million, or 7%, to $(158.4) million in 2024 compared to $(147.8) million in 2023 [253]. - The net loss for 2024 was $152.261 million, compared to a net loss of $149.333 million in 2023, resulting in a net loss per share of $2.85 [306]. Cash Flow and Financial Position - Cash used in operating activities was $106.9 million, attributed to a net loss of $152.3 million, partially offset by non-cash charges of $32.3 million [269]. - Cash provided by investing activities was $97.9 million, mainly from the maturity and sale of available-for-sale investments totaling $183.0 million [270]. - As of December 31, 2024, the company had cash and cash equivalents and marketable securities totaling $112.0 million [267]. - Cash and cash equivalents decreased to $28.864 million as of December 31, 2024, down from $38.547 million in 2023 [304]. - The company expects existing cash and cash equivalents to fund operations for at least 12 months from the issuance of the financial statements [320]. Assets and Liabilities - Total assets decreased to $147.489 million in 2024, compared to $257.385 million in 2023 [304]. - The warrant liability as of December 31, 2024, was $8.258 million, an increase from $6.772 million in 2023 [304]. - The fair value of the Series A warrant liability was determined to be $8.3 million as of December 31, 2024 [300]. - The Company recorded a litigation settlement liability of $14,000,000 as of December 31, 2024, which was not present in 2023 [380]. - The Company had contract assets of $0.1 million as of December 31, 2024, and contract liabilities of $4.0 million [366]. Research and Development - Research and development expenses slightly increased by $0.2 million to $102.7 million in 2024, primarily due to higher professional and subscription expenses [256]. - Research and development expenses remained relatively stable, totaling $102.667 million in 2024 compared to $102.503 million in 2023 [306]. - Research and development expenses primarily consist of payroll, consulting, and contractor expenses, with a focus on developing new products and improving existing ones [349]. Tax and Deferred Tax Assets - The Company reported a total current income tax expense of $171,000 for the year ended December 31, 2024, with no federal or state tax expenses recorded [413]. - The deferred tax assets increased from $122.4 million in 2023 to $159.0 million in 2024, primarily due to an increase in net operating loss carryforwards [414]. - The Company established a full valuation allowance on its net deferred tax assets of $158.1 million as of December 31, 2024, reflecting uncertainty in realizing these assets [414]. - The Company has $308.7 million of U.S. federal and $230.5 million of state net operating loss carryforwards available to reduce future taxable income [416]. Stock-Based Compensation - Total stock-based compensation expense for 2024 was $23.7 million, slightly up from $23.7 million in 2023 [411]. - The intrinsic value of options exercised in 2024 was $0.1 million, down from $0.5 million in 2023 [402]. - The company granted a total of 4,502,661 RSUs in 2024, with a weighted average grant date fair value of $3.57 per share [408]. - As of December 31, 2024, the company had $28.8 million of unrecognized stock-based compensation expense related to RSUs, expected to be recognized over 2.6 years [409]. Other Financial Metrics - The Company recorded amortization expense related to acquired intangible assets of $900,000 for each of the years ended December 31, 2024, 2023, and 2022 [373]. - The basic and diluted net loss per share attributable to common stockholders for 2024 was $(2.85), an improvement from $(3.29) in 2023 [396]. - The weighted average shares of common stock outstanding increased to 53,359,685 in 2024 from 45,412,155 in 2023, representing a 17.5% increase [396]. - The Company is currently evaluating the impact of ASU 2023-09 on its financial statement disclosures, effective January 1, 2025 [363].

Financial Data and Key Metrics Changes - Revenue for the year 2024 was $9.1 million, driven by increased sensor shipments to automotive and industrial customers, including the Daimler Truck program [36] - Full year non-GAAP operating loss was $123.2 million, consistent with the plan to keep it flat from the prior year [36] - Aeva ended the year with total available liquidity of $237 million, which includes $112 million in cash and cash equivalents and $125 million in undrawn facilities [37][38] - For 2025, the company targets revenue growth to be in the range of $15 million to $18 million, representing an increase of approximately 70% to 100% year-over-year [39] Business Line Data and Key Metrics Changes - Aeva has achieved significant milestones with its products, including the launch of the Atlas Ultra product, which offers three times the resolution and a wider field of view compared to previous models [22] - The company is seeing increased momentum in industrial robotics and factory automation, with a target to increase industrial sensor shipments by nearly 1,000% in 2025 [26][55] Market Data and Key Metrics Changes - Aeva is positioned in a $10 billion-plus market opportunity in industrial robotics and factory automation, with partnerships with industry leaders like Nikon and SICK AG [26][51] - The company has secured a development program with a global top 10 passenger OEM, which is expected to lead to a large-scale production program later this year [15][17] Company Strategy and Development Direction - Aeva aims to drive the adoption and commercialization of FMCW technology while maintaining strong financial discipline [31] - The company plans to complete its automated and automotive-qualified production line with a capacity for over 100,000 units annually [34] - Aeva is focused on expanding its presence in both automotive and industrial sectors, leveraging its unique FMCW technology [33][39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to execute on its objectives and capitalize on the growing momentum around FMCW technology [35] - The company anticipates record revenues for 2025, with a focus on reducing operating expenses by approximately 10% to 20% year-over-year [34][41] Other Important Information - Aeva's Atlas Ultra product is designed to meet OEM requirements for Level 3 and higher speed applications, showcasing the company's commitment to innovation in the LiDAR space [22][23] - The company has made significant progress in its partnership with Daimler Truck, with plans for production to start in 2026 [20][21] Q&A Session Summary Question: Can you talk about initial targets outside of metrology and the cycle time for design wins? - Management highlighted the excitement around opportunities in robotics and factory automation, indicating a significant market potential [50][55] Question: Can you provide an update on manufacturing progress? - Management confirmed that they are focused on increasing manufacturing capacity to meet growing demand, with a target of 100,000 units per year [58][59] Question: How does the operating expense reduction apply to large programs like the Daimler Truck program? - Management indicated that significant development work has been completed, and they are now focused on scaling production while reducing costs [66][69] Question: What is the expected contribution timeline for the OEM program? - Management stated that the target for the Atlas Ultra start of production is 2027, with expectations for production ramp to follow [78] Question: How does the company feel about its current cash position? - Management expressed confidence in their liquidity, stating that they have a multiyear runway to support production and growth [81][82] Question: What is the general area of the top 10 OEM's headquarters and their operational geographies? - Management confirmed that the OEM is a well-known global brand with significant vehicle production, indicating a large opportunity for collaboration [88][90]

Legal Disclaimer In addition to our financial results determined in accordance with U.S. GAAP, we present non-GAAP operating loss and non-GAAP net loss per share. "Non-GAAP operating loss" is defined as GAAP operating loss before stock- based compensation and litigation settlement, net. "Non-GAAP net loss per share" is defined as non-GAAP net loss divided by weighted average shares outstanding, basic and diluted. "Non-GAAP net loss" is defined as GAAP net loss before stock-based compensation, litigation set ...

Revenue Performance - Aeva reported Q4 2024 revenue of $2.7 million, up 68.8% from $1.6 million in Q4 2023[6] - Full year 2024 revenue reached $9.1 million, a 111.6% increase compared to $4.3 million in 2023[11] - Revenue for Q4 2024 was $2,696 million, a 67.3% increase from $1,611 million in Q4 2023[21] - The company expects 2025 revenue to be between $15 million and $18 million, representing a growth of approximately 70% to 100% year-over-year[7] Financial Position - Aeva has a cash position of $112.0 million and an available facility of $125.0 million as of December 31, 2024[6] - Ending cash and cash equivalents for 2024 were $28,864 million, down from $38,547 million in 2023[23] Operating Losses - GAAP operating loss for Q4 2024 was $34.2 million, an improvement from a loss of $36.8 million in Q4 2023[11] - Non-GAAP operating loss for full year 2024 was $123.2 million, slightly improved from a loss of $124.1 million in 2023[11] - Non-GAAP operating loss for Q4 2024 was $(27,661) million, an improvement from $(31,323) million in Q4 2023[25] - Net loss for the year 2024 was $(152,261) million, compared to $(149,333) million in 2023, indicating a 1.3% increase in losses[23] - Aeva's accumulated deficit increased to $611.9 million as of December 31, 2024, compared to $459.6 million in 2023[19] Expenses - Total operating expenses for the year 2024 were $154,582 million, up from $141,902 million in 2023, representing an increase of 8.7%[21] - Cash used in operating activities for the year 2024 was $(106,913) million, a decrease from $(118,826) million in 2023[23] - Research and development expenses for the year 2024 were $102,667 million, slightly up from $102,503 million in 2023[21] - Stock-based compensation expense for the year 2024 was $23,708 million, compared to $23,675 million in 2023[26] Product Development - Aeva was selected by a global top 10 passenger OEM for the joint development of the Aeva Atlas Ultra 4D LiDAR, with a letter of intent for large-scale production expected this year[5] - The company is on track with Daimler Truck's production program, having met all development milestones in 2024[5] - Aeva's Atlas Ultra 4D LiDAR offers 3x the resolution and is 35% slimmer than the standard Atlas, enhancing integration for passenger cars[5] Earnings Per Share - Net loss per share for Q4 2024 was $(0.67), an improvement from $(0.92) in Q4 2023[27] Gross Loss - Gross loss for Q4 2024 was $(829) million, slightly improved from $(872) million in Q4 2023[21]

Financial Data and Key Metrics Changes - Revenue in Q3 2024 was $2.3 million, reflecting an increase in sensor shipments to automotive and industrial customers, including the Daimler Truck program [23] - Non-GAAP operating loss for the quarter was $31.4 million, with gross cash used amounting to $26.4 million [23][24] - Aeva's liquidity at the end of Q3 totaled $259.8 million, consisting of $134.8 million in cash, cash equivalents, and marketable securities, along with a $125 million undrawn equity facility [24] Business Line Data and Key Metrics Changes - Aeva secured a multiyear production supply agreement with The Indoor Lab for security applications, starting with deployments at JFK and SFO airports, with estimated revenue potential of multiple tens of millions over the next two to three years [7][14] - In automotive, Aeva's partners Torc and Daimler Truck achieved a milestone with successful validation of fully driverless operations at highway speeds, indicating progress towards commercialization [8][15] - Aeva was selected for a major European passenger OEM's automated vehicle validation program, showcasing the growing interest in its FMCW technology [9][17] Market Data and Key Metrics Changes - The company is experiencing increased interest in its 4D LiDAR technology across various sectors, including automotive, industrial, and security applications [26][27] - Aeva is advancing through multiple RFQs with leading OEMs, particularly a global top 10 passenger OEM, indicating strong market engagement [19][41] Company Strategy and Development Direction - Aeva is focused on executing multiple passenger RFQs and expanding its presence in industrial automation and security applications, leveraging its FMCW technology [27] - The company has made a strategic decision to accelerate the first shipments of its Atlas product by nearly six months to meet growing demand [20][54] - Aeva aims to capitalize on its recent production wins and convert additional opportunities into production contracts [56] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's growing momentum and the potential for further production wins in various sectors [26][27] - The successful validation of autonomous driving technology by partners is seen as a confidence booster for Aeva's timeline towards production [35] Other Important Information - Aeva's Atlas product is designed to be automotive-grade and scalable for mass production, which is crucial for meeting customer demands [21] - The company is actively working on expanding its technology applications beyond automotive to include industrial and security sectors [52][58] Q&A Session Summary Question: Growth in security applications and potential customers - Management highlighted the significant opportunity in industrial security applications, estimating revenue potential of approximately $50 million over the next few years [32][33] Question: Manufacturing hurdles for Torc production - Management confirmed that all milestones have been met with Daimler Truck and Torc, with a focus on scaling sensor shipments and preparing for mass production [36][37] Question: Update on Tier 1 OEM win - Management provided an update on progress with a global Tier 1 OEM, indicating that they are in the final stages of the RFQ process and discussing commercial terms [43][44] Question: Financial opportunity with Indoor Lab partnership - Management reiterated the multiyear production deal with Indoor Lab, estimating revenue potential of around $50 million, with opportunities for growth as deployments expand [47][48] Question: Differences between indoor and outdoor applications - Management explained that the applications for both indoor and outdoor settings utilize the same Atlas product, emphasizing its flexibility and configurability for various environments [58][59]

Revenue Growth - Revenue increased by $1.4 million or 178% during the three months ended September 30, 2024 compared to the same period in 2023, driven by higher unit sales and non-recurring engineering revenue[80] - Revenue increased by $3.7 million, or 136%, to $6.4 million for the nine months ended September 30, 2024, compared to $2.7 million in the same period in 2023, driven by higher unit sales and non-recurring engineering services[87] Cost of Revenue - Cost of revenue increased by $0.4 million or 18% in Q3 2024 compared to Q3 2023, primarily due to higher costs related to units sold and non-recurring engineering revenue[81] - Cost of revenue increased by $1.6 million, or 21%, to $9.3 million for the nine months ended September 30, 2024, primarily due to higher prototype unit sales and inventory impairment[88] Research and Development Expenses - Research and development expenses increased by $3.3 million or 14% to $27.1 million in Q3 2024, mainly due to higher material expenses for product development[82] - Research and development expenses increased by $2.0 million, or 3%, to $78.3 million for the nine months ended September 30, 2024, driven by higher employee costs and software subscriptions[89] General and Administrative Expenses - General and administrative expenses remained virtually flat at $8.5 million in Q3 2024 compared to Q3 2023[82] - General and administrative expenses increased by $1.5 million, or 6%, to $25.5 million for the nine months ended September 30, 2024, primarily due to higher employee-related expenses and professional fees[90] Selling and Marketing Expenses - Selling and marketing expenses increased by $0.1 million or 4% to $1.6 million in Q3 2024, primarily due to higher payroll-related expenses[83] - Selling and marketing expenses increased by $0.2 million, or 4%, to $5.8 million for the nine months ended September 30, 2024, mainly due to higher payroll-related expenses[92] Interest and Other Income - Interest income decreased by $0.4 million or 20% in Q3 2024 compared to Q3 2023 due to lower balances of interest-bearing cash equivalents and marketable securities[84] - Other income decreased by $1.3 million in Q3 2024 primarily due to an increase in the fair value of Series A warrants[85] Gross and Net Loss - Gross loss improved by $0.9 million or 58% to $0.7 million in Q3 2024 compared to $1.7 million in Q3 2023[77] - Net loss increased by $4.2 million or 13% to $37.4 million in Q3 2024 compared to $33.2 million in Q3 2023[77] - Net loss increased by $11.7 million, or 11%, to $116.1 million for the nine months ended September 30, 2024, compared to $104.4 million in the same period in 2023[86] Litigation and Legal Expenses - Litigation settlement expense of $11.5 million was recorded for the nine months ended September 30, 2024, related to the Delaware Stockholder Litigation[92] Cash and Investments - Cash and cash equivalents and marketable securities totaled $134.8 million as of September 30, 2024, with access to an additional $125.0 million through a standby equity purchase agreement[95] - Cash used in operating activities decreased to $86.0 million for the nine months ended September 30, 2024, compared to $91.5 million in the same period in 2023[97] - Net cash provided by investing activities was $78.3 million for the nine months ended September 30, 2024, primarily due to the maturity of available-for-sale investments[99] Stock and Equity - The company completed a 1-for-5 reverse stock split on March 18, 2024, with no change to authorized shares or par value[67]