Aeva Q1 2024 revenue $2.1M (+91% YoY); GAAP EPS loss $0.67 improves from $0.80

Aeva Technologies, Inc.

2024-Q1 EPS reported -$0.67 revenue$2,107,000

Record sensor shipments to Daimler Truck; on track with milestones and start of production timeline.
Completed manufacturing & quality audit with a global top 10 passenger OEM; multiple RFQ awards expected in 2024.
Cash, equivalents and marketable securities $189.3M plus $125M debt facility available as of March 31.
GAAP operating loss flat at $37.3M; non-GAAP net loss per share $0.56 vs. $0.67 in Q1 2023.
New Automotive Center of Excellence opened in Germany with team of industry veterans.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Aeva Technologies, Inc. reported first quarter ended March 31, 2024 results: revenue $2.1 million, EPS $0.67.

Period: first quarter ended March 31, 2024
Revenue: $2.1 million
EPS: $0.67
Result: reported results

Exact text from the filing

Revenue of $2.1 million in Q1 2024, compared to revenue of $1.1 million in Q1 2023

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Source: SEC EDGAR

accession 0000950170-24-054485

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