Business
Aeva Reports Second Quarter 2021 Results
Key expansion beyond automotive with Nikon strategic collaboration to bring Aeva 4D LiDAR to industrial automation and precision metrology markets Continued
About this update from Aeva Technologies, Inc.
[{"type":"text","content":"\nKey expansion beyond automotive with Nikon strategic collaboration to bring Aeva 4D LiDAR to industrial automation and precision metrology markets\n\nContinued momentum in automotive, expanding TuSimple collaboration with Aeva as the only long-range LiDAR on TuSimple’s current trucking fleet \n\nB sample development on schedule to be completed by year-end \n\n MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--\nAeva (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced its second quarter 2021 results.\n\nKey Company Highlights\n\n\nFormed strategic collaboration with Nikon to develop next-generation solutions utilizing unique capabilities of Aeva’s 4D LiDAR for industrial automation and precision metrology markets\n\n\nContinued momentum in automotive across programs including with undisclosed customer; expanding TuSimple collaboration with Aeva as the only long-range LiDAR on TuSimple’s current trucking fleet\n\n\nOn track to complete B sample development by year-end\n\n\nOver 100% team growth over the past two quarters to support customer development and new program opportunities\n\n\nStrengthened team with key leadership hires in product design, development and validation\n\n\n“Aeva continues to build on strong momentum across multiple fronts. We’re driving forward with automotive collaborations across programs, and expanding into new markets, including our strategic collaboration with Nikon to accelerate adoption of Aeva’s industry-first FMCW 4D LiDAR for high precision industrial automation and metrology applications. Operationally, we have already achieved a number of our 2021 objectives in this quarter. We continue to make great progress to deliver on our remaining goals for this year as we execute on our mission to bring perception to all devices,” said Soroush Salehian, Co-founder and CEO at Aeva.\n\nSecond Quarter 2021 Financial Highlights\n\n\nCash, Cash Equivalents and Marketable Securities\n\n\nCash, cash equivalents and marketable securities of $502.5 million as of June 30, 2021\n\n\n\n\n\nRevenue\n\n\nRevenue of $2.6 million in Q2 2021, compared to $1.6 million in Q2 2020\n\n\n\n\n\nGAAP and Non-GAAP Operating Loss*\n\n\nGAAP operating loss of $24.7 million in Q2 2021, compared to a GAAP operating loss of $5.0 million in Q2 2020\n\n\nNon-GAAP operating loss of $20.7 million in Q2 2021, ...