AEVA
Aeva Technologies, Inc.14.02
-0.35-2.44%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A colors wins, defense traction
Q&A drilled deeper into recent wins, stressing FMCW's edge in snagging a top 5 passenger OEM dev program despite competition—OEMs are future-proofing stacks post-ToF gaps. NVIDIA tie-up involves joint OEM production using Atlas sensors, eyeing Mercedes, Stellantis, Uber via Hyperion. Defense pipeline robust; Forterra shipments were double-digit percentage of Q4 product sales, thanks to stealth, GPS-denied perks. No Level 3 delays seen—OEMs refocus on 2028 timelines. Management targets split of four wins between auto and non-auto. Answers largely reaffirm prepared remarks' momentum. Watch defense ramp, win conversions.
Key Stats
Market Cap
842.32MP/E (TTM)
-Basic EPS (TTM)
-2.82Dividend Yield
0%Recent Filings
10-K
FY2025 results
Aeva Technologies posted FY2025 net loss of $145.4M, an improvement from $152.3M in FY2024, driven by revenue doubling to $18.1M from prototype sales and engineering services while R&D expenses fell 17% to $85.4M amid cost controls. Q4 momentum built with a key European OEM design win for Level 3 ADAS production platform, alongside LGIT partnership for industrial/consumer expansion, though immaterial commercial deliveries persisted. Cash reserves stood at $121.9M year-end, bolstered by $100M convertible notes and $32.5M equity raise; no dividends or buybacks. Long design cycles risk derailing quarterly ramps.
8-K
Doubled revenue, OEM wins
Aeva doubled 2025 revenue to $18.1M from $9.1M, fueled by scaling volume and new markets, while slashing GAAP operating loss to $127.6M from $158.4M. Key wins include a top-10 OEM's exclusive L3 production contract targeting 2028 SOP and Nvidia's reference sensor nod. Cash sits at $121.9M. Guides $30M-$36M revenue in 2026.
8-K
Aeva wins exclusive OEM LiDAR deal
Aeva Technologies landed an exclusive LiDAR supply deal with a top European passenger OEM for its global series-production vehicle platform outside China, enabling Level 3 automated driving. The multi-year program, post joint development, targets start of production in 2028 and extends into the mid-2030s across ICE, hybrid, and EV models. This win bolsters Aeva's Tier-1 status. Risks include OEM program changes and execution delays.
10-Q
Q3 FY2025 results
Aeva posted Q3 revenue of $3.6M, up 59% y/y from $2.3M yet still shy of costs at 12.0% gross margin (derived), while operating loss narrowed to $33.2M from $37.9M on 18% lighter R&D spend. Net swung to $107.5M profit from $37.4M loss, fueled by $71.6M gain settling LGIT share subscription and $68.5M warrant fair-value lift—diluted EPS $(0.52) reflects anti-dilution. Cash hit $45.7M after $32.5M LGIT close (Aug 2025, $9.26/share), with op cash burn $92.9M YTD and no debt; $100M notes closed Nov 2025. North America drove 78% revenue. Strategic partnerships carry execution risk.
8-K
Aeva raises $100M convertibles
Aeva Technologies closed a $100.0 million private placement of 4.375% Convertible Senior Notes due 2032 with Apollo Funds on November 6, 2025. Gross proceeds fund general corporate purposes; notes convertible at ~$15.86 per share, redeemable after November 2028 if stock outperforms. Cash flexibility, yet dilution risk looms. Holders can force repurchase on fundamental changes.
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