Aeva Technologies teams with LG Innotek in a $50M deal to scale LiDAR into cars, automation, robotics, and consumer tech.
Aeva Technologies, Inc. (AEVA) came out with a quarterly loss of $0.44 per share in line with the Zacks Consensus Estimate. This compares to a loss of $0.57 per share a year ago.
AEVA's 4D LiDAR push into infrastructure squares off with INVZ's automotive deals and stronger current revenue base.
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AEVA plans to mass-produce 200,000 4D LiDAR units yearly, eyeing a major leap in autonomous vehicle technology.
Aeva Technologies expands into security and infrastructure with Sandia Labs, as its soaring stock tests valuation limits.
Soroush Salehian is the CEO of Aeva Technologies (AEVA), which creates and sells LiDAR technology used for autonomous software. In the age of autonomy, Soroush talks about Aeva's growth prospects as many industries seek the evolving tech.
Aeva Technologies stock surged 1,200%, but weak revenues and strong rivals raise doubts about its $1.7B valuation.
Aeva Technologies is gaining traction in industrial sensing as its Eve-1 sensor wins key commercial deployments.
Autonomous vehicles (AVs) are no longer strictly the realm of fiction and fantasy. Tesla Inc. NASDAQ: TSLA launched its long-awaited Robotaxi in Austin earlier this month, joining Google's Waymo in offering driverless rides to paying passengers.
Aeva Technologies, Inc.'s unique FMCW LiDAR senses velocity and micron-level precision, opening up markets competitors can't touch. With orders from Nikon, SICK, and LMI, Aeva is already shipping products into the $4B metrology market. Minimal capex, strong partners, and expanding industrial demand make Aeva's path to profitability realistic and capital efficient.
Aeva Technologies (AEVA) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.