Aeva Technologies, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 04:05 pm EDT
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Aeva Technologies, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 0.743 million compared to USD 1.49 million a year ago. Net loss was USD 35.96 million compared to USD 34.97 million a year ago. Basic loss per share from continuing operations was USD 0.8 compared to USD 0.8 a year ago.
For the six months, sales was USD 1.89 million compared to USD 2.63 million a year ago. Net loss was USD 71.13 million compared to USD 68.13 million a year ago. Basic loss per share from continuing operations was USD 1.6 compared to USD 1.55 a year ago.
Aeva Technologies, Inc. is engaged in the design, manufacturing and sale of LiDAR sensing systems and related perception and autonomy-enabling software solutions serving customers in automotive, industrial, and other markets. The Companyâs sensing and perception technology integrates all key LiDAR components onto a silicon photonics chip in a compact module. Its 4D LiDAR sensors detect instant velocity in addition to 3D position, allowing autonomous devices like vehicles and robots to make more intelligent and safe decisions. The Company, through its frequency modulated continuous wave (FMCW) sensing technology, enables the adoption of LiDAR across broad applications. Its product, Aeries II is a 4D LiDAR solution, consisting of its 4D LiDAR sensing system with embedded software designed for automotive grade production across passenger car, trucking, and mobility applications. Atlas is its FMCW 4D LiDAR with simultaneous velocity and range detection targeted for the automotive market.