Aeva Technologies Q1 2025 Financial Results
Aeva Technologies, a leader in next-generation sensing and perception systems, has released its financial results for the first quarter of 2025. The company has made significant strides in both financial performance and strategic initiatives, positioning itself for future growth in various markets.
Financial Highlights
For the first quarter of 2025, Aeva reported a revenue of $3.4 million, marking a notable increase from $2.1 million in the same period last year. Despite this growth, the company continues to operate at a loss, with a GAAP operating loss of $30.4 million, an improvement from the $37.3 million loss in Q1 2024. The non-GAAP operating loss also showed improvement, coming in at $25.9 million compared to $32.1 million in the previous year. The GAAP net loss per share was $0.64, slightly better than the $0.67 loss per share in Q1 2024.
Business and Operational Highlights
Aeva introduced the Aeva Eve 1D, the industry's first FMCW high-precision laser displacement sensor for industrial automation. This new product has already attracted strategic customers such as SICK AG and LMI Technologies, with initial orders exceeding 1,000 sensors. Additionally, the company achieved its first milestone in a development program with a global top 10 passenger OEM, keeping it on track for a large-scale series production program award.
Strategic Initiatives and Corporate Developments
Aeva signed a strategic collaboration and investment agreement with a Global Fortune 500 company's technology subsidiary, which includes an investment of up to $50 million to expand into new markets. The company also entered the intelligent transportation systems market, with Sensys Gatso Australia selecting Aeva as the exclusive LiDAR supplier for its new mobile speed detection products. Furthermore, Inyo Mobility has chosen Aeva as the exclusive LiDAR supplier for its autonomous shuttle platform for L4 urban operations.
Management's Perspective
Soroush Salehian, Co-founder and CEO of Aeva, stated, "We believe Aeva is at an inflection point, as we progress further on major automotive programs and secure additional commercial wins with leading customers in new and large markets. This is all enabled by Aeva’s core FMCW LiDAR-on-chip perception platform."
Future Outlook
The company remains optimistic about its future, with plans to ship the initial orders of the Aeva Eve 1D sensors later this year. The strategic collaboration and investment from a Global Fortune 500 company's technology subsidiary are expected to accelerate the adoption of Aeva’s technology in various markets, including consumer, industrial, and automotive sectors.
SEC Filing: Aeva Technologies, Inc. [ AEVA ] - 8-K - May. 14, 2025