Aeva Technologies

Aeva slightly beat expectations in the Q2 report with an adjusted loss of $0.41 per share (expected -$0.43) and revenue of $6.1 million. After an equity raise the company has about $302.9 million in cash. Management announced entry into optical connectivity for AI data centers, signed a joint development agreement with a hyperscaler and plans initial deliveries in 2027 with ramp‑up in 2028. The stock jumped 17.8% after hours, despite Aeva still reporting losses, a low gross margin of 4.6% and a gross cash burn of $31.4 million. » Altro su de.investing.com

Aeva has founded the "Optical Connectivity" division to adapt its in-house optical sources and silicon photonics for near- and co-packaged optics in AI data centers. The company signed a joint development agreement with a supplier of high-speed optical modules and plans a deployment with a hyperscaler in H2 2027, with production ramping in 2028. Pradeep Srinivasan will be senior VP of the new unit; Aeva is in talks with several potential data center customers, expanding its addressable market beyond sensing. » Altro su de.investing.com

Aeva Technologies raised $115 million to accelerate commercialization of its LiDAR sensors. Revenue in the first quarter rose 86% to $6.3 million, driven mainly by service revenues; product sales remain stagnant. The company delivered production-ready sensors to Daimler Truck and one of the ten largest European passenger car manufacturers, is working with Nvidia and Nikon, and is expanding into the defense and traffic markets. Despite progress, adjusted EBIT losses, negative operating cash flow and a thin net cash position remain key risks for further valuation. » Altro su finanzen.net