Aeva reports Q1 adjusted EPS (45c), consensus (48c)

Reports Q1 revenue $3.4M, consensus $2.33M. “We believe Aeva (AEVA) is at an inflection point, as we progress further on major automotive programs and secure additional commercial wins with leading customers in new and large markets,” said Soroush Salehian, Co-founder and CEO at Aeva. “This is all enabled by Aeva’s core FMCW LiDAR-on-chip perception platform, and with a new strategic collaboration and investment from a Global Fortune 500 company’s technology subsidiary to jointly work on further accelerating the adoption of Aeva’s differentiated technology not only in auto, but also expand into new markets in consumer and industrial, we are in an even stronger position to execute on our mission to bring perception to broad and expanding end markets.”