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Aeva Technologies (AEVA)
NYSE:AEVA
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.57Last Year’s EPS
-$0.6Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -6.73%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive sentiment with significant achievements in industrial and automotive sectors, particularly with new production wins and strategic advancements. However, financial challenges such as operating losses and modest revenue growth were noted.Company Guidance
During Aeva Technologies' Q3 2024 earnings call, the company provided updates on its progress and future outlook, emphasizing several key metrics. Aeva reported Q3 revenue of $2.3 million, driven by sensor shipments to automotive and industrial customers, including the Daimler Truck program. The non-GAAP operating loss for the quarter was $31.4 million, while gross cash used amounted to $26.4 million. Aeva's liquidity position was strong, with a total of $259.8 million, comprising $134.8 million in cash, cash equivalents, and marketable securities, supported by a $125 million undrawn equity facility. The company highlighted significant milestones, such as a multiyear production agreement with The Indoor Lab for 4D LiDAR deployment, initially at JFK and SFO airports, with projected revenue potential of up to $50 million over the next few years. Moreover, Aeva's collaboration with Daimler Truck and Torc continues to progress, with successful validation of fully driverless operations at highway speeds, aiming for a commercial launch by 2027. The company also advanced in the final stages of an RFQ with a global top 10 passenger OEM, reflecting growing interest in its FMCW technology.Major Industrial Production Win
Aeva secured a multiyear supply agreement with The Indoor Lab for 4D LiDAR deployment at major U.S. airports, starting with JFK and SFO, offering significant revenue potential.
Successful Automotive Milestone
Aeva's technology was validated for fully driverless operations at highway speeds with Daimler Truck's autonomous trucks, marking significant progress towards 2027 market entry.
Continued Momentum in Automotive
Aeva advanced to the final stage of an RFQ with a global top 10 passenger OEM, indicating strong progress in securing additional production programs.
Financial Position
Aeva reported liquidity of $259.8 million, indicating a strong position to support production partners and secure additional program wins.
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AEVA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AEVA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $4.31 | $4.30 | -0.23% |
| Aug 07, 2024 | $2.81 | $2.87 | +2.14% |
| May 07, 2024 | $3.45 | $3.46 | +0.29% |
| Mar 05, 2024 | $5.05 | $5.45 | +7.92% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Aeva Technologies (AEVA) report earnings?
Aeva Technologies (AEVA) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Aeva Technologies (AEVA) earnings time?
Aeva Technologies (AEVA) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AEVA EPS forecast?
AEVA EPS forecast for the fiscal quarter 2024 (Q4) is -$0.57.
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