Aeva Technologies reports Q1 adjusted EPS (56c), consensus (61c)

Reports Q1 revenue $2.1M, consensus $1.7M. “In the first quarter, Aeva continued to build on our exciting start to the year, with significant milestones achieved for Daimler Truck’s series production program and strong progress in passenger vehicles including multiple automotive RFQs,” said Soroush Salehian, Co-Founder and CEO at Aeva. “With growing interest for our differentiated 4D LiDAR technology, we have also added leading talent to the Aeva team to support our commercial momentum, which together with our solid financial position gives us added confidence to continue delivering on our existing programs and new wins in 2024.”