Continued momentum in automotive, with Plus production win to implement Aeva’s 4D LiDAR on PlusDrive autonomous trucks
Selected Fabrinet for automotive-grade production of 4D LiDAR chip module
On track to complete B sample development by year end and deliveries to our partners in 2022
Key Company Highlights
- Key production win with Plus to implement Aeva’s 4D LiDAR as long-range LiDAR on PlusDrive autonomous trucks
- On track with key development milestones across other automotive and non-automotive collaborations
- Selected Fabrinet as automotive-grade manufacturing partner (IATF 16949 certified) to produce 4D LiDAR chip module and accelerate manufacturing capabilities
- Completed product design release for B sample, providing path to final cost structure and deliveries to our partners in 2022
“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 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.”
Third Quarter 2021 Financial Highlights
- Cash, Cash Equivalents and Marketable Securities
- Cash, cash equivalents and marketable securities of $477.7 million as of September 30, 2021
- Revenue
- Revenue of $3.5 million in Q3 2021, compared to $1.9 million in Q3 2020
- GAAP and Non-GAAP Operating Loss*
- GAAP operating loss of $27.4 million in Q3 2021, compared to GAAP operating loss of $4.8 million in Q3 2020
- Non-GAAP operating loss of $19.9 million in Q3 2021, compared to non-GAAP operating loss of $3.7 million in Q3 2020
- GAAP and Non-GAAP Net Loss per Share*
- GAAP net loss per share of $0.13 in Q3 2021, compared to GAAP net loss per share of $0.03 in Q3 2020
- Non-GAAP net loss per share of $0.09 in Q3 2021, compared to non-GAAP net loss per share of $0.02 in Q3 2020
- Shares Outstanding
- Weighted average shares outstanding of 212.6 million in Q3 2021
*Tables reconciling GAAP to Non-GAAP measures are provided at the end of this release.
2021 Objectives
Aeva has already achieved three of the four objectives for 2021 and is on track to deliver the final objective. Our 2021 objectives are summarized below:
- Build on momentum with two additional programs towards production: Completed goal with Plus and Nikon collaborations; remain on track with other collaborations
- Accelerate engagements in non-automotive applications: Completed goal with Nikon collaboration for industrial metrology and automation
- Strengthen supply chain for production to bring Aeva 4D LiDAR to scale: Completed goal with a number of key developments including finalizing key supply chain for our silicon processing chip and selecting Fabrinet to produce our 4D LiDAR chip module
- Complete next-generation B sample development: On track to finish by year end and working with supply chain to prepare for deliveries in 2022
Computing and Software
Avnet ASIC team launches ultra-low-power design services for TSMC’s 4nm process nodes
Battery
Battery Technology Center officially opened at the Mercedes-Benz plant in Mannheim – series assembly of the next battery generation at the site
Imaging
Onsemi enters the realm of IR by acquiring SWIR Vision Systems
Computing and Software
Aspinity launches new AML100 near-zero power monitoring solutions for automotive security
Photonics and Lighting
RoboSense sales volume of LiDAR for ADAS achieved 487.7% YOY growth in H1 2024
Semiconductor Equipment
GCT Semiconductor and Kyocera sign development and partnership agreement for collaboration on a 5G reference platform for CPE devices
Semiconductor Equipment
Accenture acquires Cientra to expand silicon design capabilities
Semiconductor Equipment
Nearfield Instruments secures €135 million in landmark deep-tech funding round
Computing and Software
Renesas introduces power management with voltage monitoring solution for space-grade AMD versal AI edge adaptive SoC
Compound Semiconductor