Business
Aeva Reports Third Quarter 2021 Results
Continued momentum in automotive, with Plus production win to implement Aeva’s 4D LiDAR on PlusDrive autonomous trucks Selected Fabrinet for automotive-grade
About this update from Aeva Technologies, Inc.
[{"type":"text","content":"\nContinued momentum in automotive, with Plus production win to implement Aeva’s 4D LiDAR on PlusDrive autonomous trucks\n\nSelected Fabrinet for automotive-grade production of 4D LiDAR chip module\n\nOn track to complete B sample development by year end and deliveries to our partners in 2022\n\n MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--\nAeva (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced its third quarter 2021 results.\n\nKey Company Highlights\n\n\nKey production win with Plus to implement Aeva’s 4D LiDAR as long-range LiDAR on PlusDrive autonomous trucks\n\n\nOn track with key development milestones across other automotive and non-automotive collaborations\n\n\nSelected Fabrinet as automotive-grade manufacturing partner (IATF 16949 certified) to produce 4D LiDAR chip module and accelerate manufacturing capabilities\n\n\nCompleted product design release for B sample, providing path to final cost structure and deliveries to our partners in 2022\n\n\n“Aeva is solidifying the path to commercialization of our breakthrough 4D LiDAR,” said Soroush Salehian, Co-Founder and CEO at Aeva. “The production win with Plus is significant because it highlights our growing commercial momentum as the industry increasingly transitions to FMCW LiDAR to enable safe automated driving, and it validates the leading performance and scalability of Aeva’s automotive-grade LiDAR on chip technology. We remain laser focused on supporting our partners and working towards realizing Aeva’s mission to bring perception to all devices.”\n\nThird Quarter 2021 Financial Highlights\n\n\nCash, Cash Equivalents and Marketable Securities\n\n\nCash, cash equivalents and marketable securities of $477.7 million as of September 30, 2021\n\n\n\n\nRevenue\n\n\nRevenue of $3.5 million in Q3 2021, compared to $1.9 million in Q3 2020\n\n\n\n\nGAAP and Non-GAAP Operating Loss*\n\n\nGAAP operating loss of $27.4 million in Q3 2021, compared to GAAP operating loss of $4.8 million in Q3 2020\n\n\nNon-GAAP operating loss of $19.9 million in Q3 2021, compared to non-GAAP operating loss of $3.7 million in Q3 2020\n\n\n\n\nGAAP and Non-GAAP Net Loss per Share*\n\n\nGAAP net loss per share of $0.13 in Q3 2021, compared to GAAP net loss per share of $0.03 in Q3 2020\n\n\nNon-GAAP net loss per share of $0.09 in Q3 2021, compared to non-GAAP net l...