Financial Data and Key Metrics Changes - Revenue in Q1 was $3.4 million, marking a record product revenue for the quarter and reflecting continued growth in commercial traction from automotive and industrial customers [21] - Non-GAAP operating loss was $25.9 million, which is 19% lower year over year, consistent with the plan to reduce non-GAAP operating expenses by 10% to 20% for the full year [21][22] - Total available liquidity at the end of Q1 was $206 million, including $81 million in cash and cash equivalents, and $125 million in undrawn facilities [22][23] - The company anticipates an increase in revenue range to at least 80% to 100% growth for the full year compared to 2024, not including the strategic collaboration announced [24][51] Business Line Data and Key Metrics Changes - The EVE ONE line of high precision sensors was unveiled, targeting the $4 billion laser displacement sensor market, with over 1,000 sensors already booked for shipment later this year [5][6][12] - Strong commercial traction was noted with multiple industry-leading industrial automation companies, including SIG AG and LMI Technologies, which represent over 15% of the market share [11][12][34] - The company is ramping up manufacturing capacity to meet growing demand for EVE ONE sensors, targeting an installation capacity of 100,000 units per year [42][60] Market Data and Key Metrics Changes - AIVA entered the Intelligent Transportation System (ITS) market, securing a partnership with Sensus GATSO as its exclusive LiDAR supplier for mobile speed detection products in Australia [6][19] - The overall addressable market for laser displacement sensors is projected to grow significantly, with annual volumes exceeding 2 million sensors [12] Company Strategy and Development Direction - AIVA's mission is to build a core FMCW technology platform to expand applications beyond automotive, with significant progress in industrial automation and ITS [5][6] - A strategic collaboration with a global Fortune 500 technology subsidiary was announced, involving an investment of up to $50 million to expand AIVA's end markets and deliver advanced perception sensing products [8][16] - The company aims to leverage its strategic partner's manufacturing expertise to accelerate product development and market entry [17][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position to capitalize on significant interest in AIVA's unique FMCW technology, with strong momentum across automotive, industrial, and ITS markets [25] - The company is optimistic about transitioning from development to large-scale production with the global top 10 passenger OEM, having achieved initial milestones [15][47] - Management highlighted the importance of the strategic collaboration as a validation of AIVA's technology and its potential for broad deployment across multiple markets [17][18] Other Important Information - The company plans to host an AIVA Day on July 31 in New York City to provide deeper insights into its technology and commercial traction [26] Q&A Session Summary Question: Can you talk about incremental target markets with the new partner? - The partnership aims to expand into consumer market applications and accelerate industrial applications, leveraging the partner's experience and relationships with key OEMs [28][29][30] Question: How is the relationship with SICK evolving? - The partnership with SICK is significant, with SICK holding about 15% market share and the potential to transition a majority of their portfolio to FMCW technology [32][34] Question: How quickly can new customers be ramped up? - Initial engagements may take time, but subsequent customer onboarding is expected to be much quicker, potentially within months [40][41] Question: What is the potential momentum with other passenger OEMs? - AIVA is engaged with multiple top passenger OEMs and is seeing significant opportunities across both passenger and commercial vehicles [45][48] Question: What led to the increase in revenue guidance? - The increase is driven by strong momentum in both industrial and automotive markets, with record product revenue in Q1 [50][51] Question: What is the expected revenue contribution from increased industrial market volumes? - The growth is expected to contribute millions in revenue, with average selling prices for sensors in the thousands of dollars [55][56] Question: What are the remaining milestones for the global top 10 passenger OEM? - Key activities include integration and packaging to fit the OEM's production platform, with a focus on transitioning to the production phase [63][64]

First Quarter 2025 Results © 2025 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 s ...

Financial Performance - Achieved record product revenue of $3.4 million in Q1 2025, up from $2.1 million in Q1 2024, representing a 61.9% increase[12] - GAAP operating loss decreased to $30.4 million in Q1 2025 from $37.3 million in Q1 2024, a reduction of 18.5%[12] - Non-GAAP net loss per share improved to $0.45 in Q1 2025 from $0.56 in Q1 2024[12] - The company reported a net loss of $34.867 million for the three months ended March 31, 2025, compared to a net loss of $35.326 million for the same period in 2024, reflecting a slight improvement[23] - Non-GAAP net loss for the same period was $24.903 million, down from $29.628 million year-over-year, indicating a reduction in losses[26] - Basic and diluted GAAP net loss per share improved to $(0.64) from $(0.67) year-over-year[27] Cash Flow and Liquidity - Cash, cash equivalents, and marketable securities totaled $81.0 million as of March 31, 2025[6] - The company experienced a net cash used in operating activities of $30.792 million, slightly better than the $30.962 million used in the prior year[23] - Cash flows from investing activities provided $23.322 million, compared to $22.036 million in the previous year, showing an increase in cash generated from investments[23] - The ending cash and cash equivalents decreased to $21.211 million from $29.605 million year-over-year, indicating a decline in liquidity[23] Strategic Initiatives - Introduced Aeva Eve 1D, the industry's first FMCW high-precision laser displacement sensor for industrial automation, with initial orders exceeding 1,000 sensors[5] - Signed a strategic collaboration and investment agreement with a Global Fortune 500 technology subsidiary, with an investment of up to $50 million to expand into new markets[5] - Entered the intelligent transportation systems (ITS) market, becoming the exclusive LiDAR supplier for Sensys Gatso Australia's new mobile speed detection products[5] - Achieved the first milestone for a development program with a global top 10 passenger OEM, positioning for a large-scale production program[5] - The company is focusing on reducing operating losses and improving cash flow through strategic investments and cost management initiatives[24] Asset and Liability Management - Total current assets decreased to $91.8 million as of March 31, 2025, down from $123.3 million as of December 31, 2024[19] - Total liabilities decreased to $45.7 million as of March 31, 2025, compared to $48.1 million as of December 31, 2024[19] Stock and Compensation - Stock-based compensation for the three months ended March 31, 2025, was $4.564 million, down from $5.261 million in the same period of 2024[26] - The company reported a change in the fair value of warrant liabilities of $5.400 million for the current period, compared to $437,000 in the prior year[26] - The number of shares used in computing GAAP net loss per share increased to 54,750,088 from 52,742,725 in the previous year[27]

Core Viewpoint - The market anticipates Aeva Technologies, Inc. (AEVA) will report a year-over-year increase in earnings driven by higher revenues for the quarter ending March 2025, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Aeva Technologies is expected to report a quarterly loss of $0.48 per share, reflecting a year-over-year change of +14.3%, with revenues projected at $2.2 million, an increase of 4.3% from the previous year [3]. - The consensus EPS estimate has been revised 1.22% lower in the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%, making it challenging to predict an earnings beat [10][11]. - Aeva Technologies holds a Zacks Rank of 2, which indicates a potential for positive performance, but the lack of a positive Earnings ESP complicates predictions [11]. Historical Performance - In the last reported quarter, Aeva Technologies was expected to post a loss of $0.58 per share but delivered a loss of $0.49, resulting in a surprise of +15.52% [12]. - Over the past four quarters, the company has successfully beaten consensus EPS estimates each time [13]. Conclusion - While Aeva Technologies does not appear to be a strong candidate for an earnings beat, investors should consider other factors influencing stock performance ahead of the earnings release [16].

Company Overview - Aeva Technologies, Inc. (AEVA) shares increased by 18.2% to close at $9.21, with a notable trading volume compared to normal sessions, and a total gain of 22.9% over the past four weeks [1][2] Recent Developments - The appointment of Daniel Gibson, Founder, CIO, and Managing Partner of Sylebra Capital, to Aeva's board of directors is effective May 1, 2025 [2] - Aeva is collaborating with SICK to integrate its FMCW technology into industrial sensors, with commercial launches anticipated in the third quarter of 2025 [2] - Aeva has secured a development program from a top 10 global automaker for its next-generation vehicle platform [2] Financial Projections - Aeva projects 2025 revenues between $15 million and $18 million, indicating a year-over-year growth of 70% to 100% [2] - The company is expected to report a quarterly loss of $0.48 per share, reflecting a year-over-year change of +14.3%, with revenues anticipated at $2.2 million, up 4.3% from the previous year [3] Earnings Estimates - The consensus EPS estimate for Aeva has been revised 1.2% lower in the last 30 days, which typically does not correlate with price appreciation [4] - Aeva currently holds a Zacks Rank of 2 (Buy), indicating a positive outlook [4] Industry Context - Aeva Technologies operates within the Zacks Automotive - Original Equipment industry, where ChargePoint Holdings, Inc. (CHPT) has a Zacks Rank of 3 (Hold) and reported a 0.6% increase in its last trading session [4][5]

Group 1 - Aeva Technologies, Inc. is currently outperforming its peers in the Auto-Tires-Trucks sector with a year-to-date return of 54.1%, while the sector average is -18.4% [4] - The Zacks Consensus Estimate for Aeva's full-year earnings has increased by 20.7% in the past quarter, indicating a stronger analyst sentiment and improving earnings outlook [4] - Aeva Technologies, Inc. holds a Zacks Rank of 2 (Buy), suggesting it has favorable characteristics to outperform the market in the near term [3] Group 2 - Aeva Technologies, Inc. is part of the Automotive - Original Equipment industry, which has seen a year-to-date loss of about 5.9%, indicating that Aeva is performing better than its industry peers [6] - Another stock in the Auto-Tires-Trucks sector, Michelin, has a year-to-date return of 9.6% and also holds a Zacks Rank of 2 (Buy) [5] - The Rubber - Tires industry, which includes Michelin, has performed well with a year-to-date increase of 22.2% [6]

Group 1 - Aeva Technologies, Inc. (AEVA) shares increased by 8.6% to close at $7.80, with a significant volume of shares traded, reflecting a 156.4% gain over the past four weeks [1] - The surge in Aeva shares is attributed to strong product execution and expanding market opportunities, including a partnership with Sensys Gatso Australia for 4D LiDAR technology [2] - The consensus EPS estimate for Aeva's upcoming quarterly report is a loss of $0.47 per share, which is a year-over-year change of +16.1%, with expected revenues of $2.2 million, up 4.3% from the previous year [3] Group 2 - The consensus EPS estimate for Aeva has been revised 20.8% higher in the last 30 days, indicating a positive trend that may lead to price appreciation [4] - Aeva Technologies is classified under the Zacks Automotive - Original Equipment industry, where another company, Aptiv PLC (APTV), closed 1.3% higher at $50.74, but has returned -20% over the past month [4] - Aptiv's consensus EPS estimate for its upcoming report has changed by +0.4% to $1.53, representing a +31.9% change from the previous year, and it currently holds a Zacks Rank of 3 (Hold) [5]

Investors interested in Auto-Tires-Trucks stocks should always be looking to find the best-performing companies in the group. Has Aeva Technologies, Inc. (AEVA) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Aeva Technologies, Inc. is one of 103 individual stocks in the Auto-Tires-Trucks sector. Collectively, these companies sit at #11 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank ...

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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 ...