Aeva Technologies, Inc. (NYSE:AEVA) Q3 2024 Earnings Conference Call November 6, 2024 5:00 PM ET Company Participants Andrew Fung - Senior Director of Investor Relations and Corporate Development Soroush Salehian - Co-Founder and CEO Saurabh Sinha - CFO Conference Call Participants Colin Rusch - Oppenheimer Suji Desilva - ROTH Capital Tyler Anderson - Craig-Hallum Operator Good day. My name is Chloe, and I will be your conference facilitator. I would like to welcome everyone to the Aeva Technologies Third Q ...

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]

Aeva Technologies, Inc. (AEVA) came out with a quarterly loss of $0.55 per share versus the Zacks Consensus Estimate of a loss of $0.60. This compares to loss of $0.65 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.33%. A quarter ago, it was expected that this company would post a loss of $0.58 per share when it actually produced a loss of $0.57, delivering a surprise of 1.72%.Over the last four quarters, the company has su ...

Exhibit 99.1 Aeva Reports Third Quarter 2024 Results The Indoor Lab Awarded Aeva a Multi-year Production Program Agreement with Planned Deployments at Major U.S. Airports, Mass Transit and Other Large Venues Strong Traction in Passenger Vehicle Programs, Including Selection by a Major European OEM for its Automated Vehicle Validation Program, and Advancing on Track with a Global Top 10 OEM's Vehicle Program RFQ Our Partners Torc Robotics and Daimler Truck using Aeva 4D as the Exclusive Long-Range LiDAR Succ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 001-39204 AEVA TECHNOLOGIES, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 84-3080757 ...

Aeva Technologies, Inc. (NYSE:AEVA) Q2 2024 Earnings Conference Call August 7, 2024 5:00 PM ET Company Participants Andrew Fung - Senior Director of IR and Corporate Development Soroush Salehian - Co-Founder and CEO Saurabh Sinha - CFO Conference Call Participants Colin Rusch - Oppenheimer Joe Moore - Morgan Stanley Richard Shannon - Craig-Hallum Operator Good day. My name is Calia, and I will be your conference facilitator. I would like to welcome everyone to the Aeva Technologies Second Quarter 2024 Earni ...

Second Quarter 2024 Results © 2024 Aeva, Inc. Legal Disclaimer Forward-looking Statements This presentation contains certain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking ...

Aeva Technologies, Inc. (AEVA) came out with a quarterly loss of $0.57 per share versus the Zacks Consensus Estimate of a loss of $0.58. This compares to loss of $0.65 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.72%. A quarter ago, it was expected that this company would post a loss of $0.58 per share when it actually produced a loss of $0.56, delivering a surprise of 3.45%.Over the last four quarters, the company has su ...

Exhibit 99.1 Aeva Reports Second Quarter 2024 Results On Track with Daimler Truck Program Milestones and 2026 Start of Production Timeline Advanced with Global Top 10 Passenger OEM RFQ, Award Decision Expected This Year Top U.S. National Defense Security Organization Selected 4D LiDAR to Protect Critical Energy Infrastructure First Industrial Launch with Nikon On Schedule for Q4 2024 MOUNTAIN VIEW, Calif., Aug. 7, 2024 –Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today an ...

Now that the world is embracing electric vehicles (EVs), many investors are ready for self-driving technology to advance. While you’re seeing some form of autonomous driving in passenger cars today, the real breakthrough for EVs may come from commercial vehicles. That’s why it may be a good time to speculate on autonomous trucking stocks.The reason why many trucking companies are exploring autonomous technology is asset utilization. Simply, an autonomous truck doesn’t need sleep to drive safely. Also, becau ...