Aeva Q2 revenue up to $2.0M; operating loss widens to $48.9M; Daimler Truck program on track

Aeva Technologies, Inc.

2024-Q2 EPS reported -$1.49 revenue$4,119,000

Revenue $2.0M in Q2 2024, up from $0.7M in Q2 2023; GAAP net loss per share $0.82 (unchanged YoY).
Non-GAAP operating loss $32.0M vs $31.1M; cash + securities $160.2M plus $125M credit facility.
Daimler Truck program on track; global top 10 passenger OEM RFQ decision expected this year.
First industrial product with Nikon on schedule for Q4 2024; new security contract with top U.S. National Defense organization.
Weighted average shares 53.0M; no guidance change announced.

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