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]

Group 1 - Aeva Technologies, Inc. (AEVA) has shown strong year-to-date performance, with a return of approximately 54.3%, significantly outperforming the average return of -27.5% for the Auto-Tires-Trucks sector [4] - The Zacks Rank for Aeva Technologies is currently 2 (Buy), indicating positive analyst sentiment and an improving earnings outlook [3][4] - Aeva belongs to the Automotive - Original Equipment industry, which has seen a decline of about 13.6% this year, further highlighting AEVA's superior performance within its industry [6] Group 2 - Michelin (MGDDY) is another stock in the Auto-Tires-Trucks sector that has outperformed, with a year-to-date increase of 3.1% and a Zacks Rank of 1 (Strong Buy) [5][7] - The consensus EPS estimate for Michelin has increased by 10.9% over the past three months, reflecting positive analyst sentiment [5] - The Rubber - Tires industry, to which Michelin belongs, has performed well with a year-to-date increase of 7.4% [6]

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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 ...

Company Overview - Aeva Technologies, Inc. (AEVA) shares increased by 9.5% to close at $5.19, with notable trading volume compared to typical sessions, and a total gain of 24.1% over the past four weeks [1][2] Financial Performance - Aeva reported a quarterly loss of $0.49 per share, which was narrower than the Zacks Consensus Estimate of a loss of $0.58 per share [2] - The company's revenues for the quarter were $3 million, exceeding the Zacks Consensus Estimate of $2 million [2] - The consensus EPS estimate for the upcoming report is projected at a loss of $0.47 per share, reflecting a year-over-year change of +16.1%, with expected revenues of $2.3 million, up 9% from the previous year [3] Growth Potential - Aeva aims to ramp up production to 100,000 sensor units by year-end, indicating strong growth potential for 2026 [2] - The consensus EPS estimate for Aeva has been revised 13.4% higher over the last 30 days, suggesting a positive trend that may lead to price appreciation [4] Industry Context - Aeva Technologies operates within the Zacks Automotive - Original Equipment industry, where another company, Oshkosh (OSK), closed 0.4% higher at $99.12, but has returned -4.1% over the past month [4] - Oshkosh's consensus EPS estimate for the upcoming report remains unchanged at $2.02, representing a year-over-year change of -30.1% [5]

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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].

Aeva Technologies, Inc. (NASDAQ:AEVA) Q4 2024 Earnings Conference Call March 19, 2025 5:00 PM ET Company Participants Andrew Fung - Senior Director of Investor Relations and Corporate Development Soroush Salehian - Chief Executive Officer Saurabh Sinha - Chief Financial Officer Conference Call Participants Colin Rusch - Oppenheimer & Company Suji Desilva - Roth Capital Mason Wayne - Morgan Stanley Tyler Anderson - Craig Hallum Operator Good day. My name is Jess, and I will be your conference facilitator. I ...