Aeva Technologies, Inc. ( (AEVA) ) has released its Q4 earnings. Here is a breakdown of the information Aeva Technologies, Inc. presented to its investors.
Aeva Technologies, Inc., a leader in next-generation sensing and perception systems, specializes in 4D LiDAR technology for applications ranging from autonomous driving to industrial robotics. The company recently announced its fourth quarter and full year 2024 financial results, highlighting significant partnerships and technological advancements.
In 2024, Aeva secured a development program with a global top 10 passenger OEM for its Atlas Ultra 4D LiDAR, targeting large-scale production by 2027. The company also advanced its collaboration with Daimler Truck and Torc for autonomous trucking, and expanded its partnership with SICK AG to enhance precision sensing in industrial robotics.
Financially, Aeva reported a revenue increase to $2.7 million in Q4 2024, up from $1.6 million in the same quarter of 2023, and a full-year revenue of $9.1 million, more than doubling from 2023. Despite a GAAP operating loss of $158.4 million for the year, the company showed improvement in reducing its non-GAAP operating loss to $123.2 million.
Looking ahead, Aeva’s management is optimistic about 2025, projecting revenue growth between 70% to 100% year-over-year. The company aims to capitalize on its technological innovations and strategic partnerships to drive further adoption of its FMCW technology in the automotive and industrial automation sectors.