Aeva reports Q1 adjusted EPS (41c), consensus (43c)

Reports Q1 revenue $6.3M, consensus $4.9M. “Following record revenue in the previous quarter, Aeva (AEVA) in Q1 achieved another new record quarterly revenue, driven by increasing commercial deployments of our perception platform and successful execution of major development milestones for top automotive OEM production programs,” said Soroush Salehian, Co-founder and CEO at Aeva. “We also continued to advance on additional programs across automotive and other physical AI applications. With a growing list of opportunities, we are keenly focused on delivering on existing programs and scaling manufacturing to meeting more of the growing demand for Aeva’s unique technology.”