Aeva Technologies Inc. announced its first quarter 2025 results, reporting a revenue increase to $3.4 million from $2.1 million in Q1 2024. The GAAP operating loss decreased to $30.4 million in Q1 2025 from $37.3 million in the same period of the previous year. Similarly, the non-GAAP operating loss was reduced to $25.9 million, compared to $32.1 million in Q1 2024. The GAAP net loss per share improved slightly to $0.64 from $0.67, while the non-GAAP net loss per share decreased to $0.45 from $0.56 in the previous year. Aeva also highlighted several business updates, including the introduction of the Aeva Eve 1D High Precision Sensor for industrial automation, and signing strategic customers with initial orders of over 1,000 sensors. The company achieved a milestone in its development program with a global top 10 passenger OEM and announced a strategic collaboration and investment agreement with a Global Fortune 500 company's technology subsidiary. This agreement includes an investment of up to $50 million to support Aeva's expansion into new markets in consumer, industrial, and automotive applications. As of March 31, 2025, Aeva reported cash, cash equivalents, and marketable securities totaling $81.0 million, with an available facility of $125.0 million.
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