bwrbad
4 months ago
Was am I missing.
Form DEF 14A Aeva Technologies, Inc. For: Dec 18
Till October 19, 2023, a total of 223,309,007 shares of our common stock were issued and outstanding and no shares were held in treasury. ( now that number is 260.7M, how that happened?)
AEVA Board has determined that it is in the best interests of Aeva and AEVA stockholders to consider a R/S of common stock within a range of 1-for-2 to 1-for-30, as determined by our Board at a later date, in order to reduce the number of shares of common stock outstanding. (seems like R/S may take place on the week of Dec 18 immediately after board meeting).
AEVA cannot assure that the proposed Reverse Stock Split will increase stock price.
Number of Shares of Common Stock Issued and Outstanding After 1 for 30 Reverse Stock Split 223,309,007 shares become 8,670,376. Number of Shares of Common Stock Authorized and Available for Issuance immediately after R/S Reverse Stock Split: 410,546,233.. ( In other words, not just 30 fold reduction in individual holding of shares from R/S, but another 50-fold flooding of new shares on top. More precisely current 100 shares will become 3.33 share and after 50 fold dilution pressure on each post R/S shares the valuation of each share becomes 30* (50c to 60c)/50.
So for current retail holders the AEVA investment equity is vanishing, no escape route.
BRoberts1982
1 year ago
TIME Magazine Recognizes Aeva Aeries II 4D LiDAR as a Best Invention of 2022
9:15 am ET November 10, 2022 (BusinessWire) Print
Aeva(R) (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced that its Aeries(TM) II 4D LiDAR(TM) sensor has been named one of TIME's Best Inventions of 2022.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221110005499/en/
"We are thrilled that TIME, one of the most prestigious magazines globally, and its editors have recognized Aeries II as one of the leading inventions of 2022," said Mina Rezk, Co-Founder and CTO at Aeva. "As vehicles become increasingly automated, it is clear that next generation sensor technologies like 4D LiDAR will play a key role in making them safer and more reliable. We believe Aeva's sensing and perception technology also has the potential to enable meaningful changes across other industries including industrial automation, space exploration and beyond."
Aeva's Aeries II 4D LiDAR sensor delivers breakthrough sensing and perception performance using Frequency Modulated Continuous Wave (FMCW) technology to directly detect the instant velocity of each point, in addition to precise 3D position at long range. Its capabilities go beyond legacy time-of-flight 3D LiDAR sensors to enable the next generation of driver assistance and autonomous vehicle capabilities, including:
Instant Velocity Detection: Directly measure velocity for each point of detection, in addition to 3D position, to perceive where things are, and precisely how fast they are moving. Long Range Performance: Detect, classify and track objects such as vehicles, cyclists and pedestrians at long distances. Ultra Resolution(TM): A real-time camera-level image providing up to 20 times the resolution of legacy time-of-flight LiDAR sensors. Road Hazard Detection: Detect small objects on the roadway with greater confidence at up to twice the distance of legacy time-of-flight LiDAR sensors. 4D Localization(TM): Per-point velocity data enables real-time vehicle motion estimation with six degrees of freedom to enable accurate vehicle positioning and navigation without the need for additional sensors, like IMU or GPS.
Aeries II is the first sensor on the market to integrate Aeva's unique LiDAR-on-chip technology which integrates all key sensor components including transmitters, receivers and optics onto silicon photonics in a compact module. This design uses no fiber optics, resulting in a highly automated manufacturing process that allows Aeva to scale deployment of its products and lower costs to meet the needs of automotive OEMs and other volume customers.
The list of TIME's "groundbreaking" inventions is based on multiple factors including originality, creativity, efficacy, ambition and impact on the world. These inventions, says TIME, are changing how we live, work, play and think about what's possible.
UNDER THE RADAR......
XenaLives
1 year ago
Still watching...
Aeva expands globally, hires new teams in Germany, India and Thailand
November 03, 2022 07:00 AM Eastern Daylight Time
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced the expansion of its global presence with new teams hired in Germany, India and Thailand and the appointment of industry veteran Clement Kong to lead sales in the Asia Pacific region. The new teams will support sales, technology development and manufacturing to accelerate the development of Aeva’s next generation 4D LiDAR™ technology and deepen customer relationships across the European and Asia Pacific markets.
“Our new European and Asian teams will focus on the development and manufacturing of our 4D LiDAR technology as well as supporting key customers in our automotive and industrial segments,” said Soroush Salehian, Co-Founder and CEO at Aeva. “We are also excited to welcome Clement to the Aeva team as his deep understanding of LiDAR and the Asia Pacific market will allow us to deepen our engagements with key customers in the region.”
Clement Kong brings over 17 years of experience in the automotive and ADAS industries with leadership roles at Tier 1 OEM suppliers including Continental, Valeo and Johnson Electric, along with a deep understanding of Asian business standards and customer requirements. He served most recently as Vice President and General Manager for the Asia Pacific region at Ouster. In his new position as Vice President of Asia Pacific Sales, Mr. Kong will lead the company’s expansion into the APAC region from Aeva’s recently opened China office.
About Aeva Technologies, Inc. (NYSE: AEVA)
Aeva’s mission is to bring the next wave of perception to a broad range of applications from automated driving to industrial robotics, consumer electronics, consumer health, security and beyond. Aeva is transforming autonomy with its groundbreaking sensing and perception technology that integrates all key LiDAR components onto a silicon photonics chip in a compact module. Aeva 4D LiDAR® sensors uniquely detect instant velocity in addition to 3D position, allowing autonomous devices like vehicles and robots to make more intelligent and safe decisions. For more information, visit www.aeva.com, or connect with us on Twitter or LinkedIn.
Aeva, the Aeva logo, 4D LiDAR, Aeries, Ultra Resolution, 4D Perception, and 4D Localization are trademarks/registered trademarks of Aeva, Inc. All rights reserved. Third-party trademarks are the property of their respective owners.
https://www.businesswire.com/news/home/20221103005601/en/
Oleblue
2 years ago
Last month, we started our search for a robotics stock to replace the robotics ETF in our Nanalyze Disruptive Tech Portfolio. Intuitive Surgical (ISRG) stock is undoubtedly the best option for investors interested in the robot-assisted surgery theme, but we’re not yet convinced that’s the robotic automation market with the most potential, though there’s plenty of upside when it comes to the market for minimally invasive surgery. We think the grass could be even greener when it comes to self-driving cars. Yes, yes, we know: It’s one of those emerging technologies we’re always waiting for to emerge, outside of some San Francisco techno-hipster enclave where a few startups are testing robotaxis. That’s why we’re interested in a pick-and-shovel stock that would give real exposure to autonomous vehicles now before the big boom. And that’s why we continue to return to the idea of LiDAR stocks.
So far, though, we’ve steered clear of LiDAR stocks since they started to pop up in the public markets in 2020 by merging with special purpose acquisition companies (SPACs). The frenzy over SPACs has largely subsided, and we’re left with eight LiDAR stocks from which to choose. Here’s how they’ve performed since all debuted at the same price – $10 a share.
Company Ticker Price Performance
Luminar Technologies LAZR $14.42 +44%
AEye Inc LIDR $4.61 -47%
Aeva Technologies AEVA $5.52 -57%
Cepton Inc CPTN $4.12 -59%
Ouster Inc OUST $4.11 -59%
Innoviz Technologies INVZ $3.65 -64%
Velodyne Lidar VLDR $2.28 -77%
Quanergy QNGY $2.02 -80%
Credit: Nanalyze
As beaten down as most these stocks are, we need to watch out for value traps, something we talked about in our recent piece on Avoiding Value Traps in Beaten Down SPACs. Three of these SPACs have pre-SPAC valuation rounds (courtesy of PitchBook) we can compare against today’s valuations.
Company Name Round Valuation
(USD Millions) Date Market Cap
(USD Millions) Premium / Discount
Aeva Technologies Series B $400 Aug-19 $927 +132%
Innoviz Technologies Series C $344 Jun-19 $500 +5%
Velodyne Lidar Series B $1780 Dec-18 $456 -74%
Source: Pitchbook
While Aeva and Innoviz are trading at a premium to their 2019 venture round valuations, Velodyne’s valuation has dropped nearly 75% since their Series B in late 2018 (more on this in a bit).
When it comes to the largest company by market capitalization, Luminar is currently 5X the size of their nearest competitor, Aeva Technologies, and worth more than all their competitors combined.
Bar chart showing Market cap comparison for 8 LiDAR stocks
Continued:
https://www.nanalyze.com/2022/03/lidar-stocks-investors-radar/
XenaLives
2 years ago
MOUNTAIN VIEW, Calif., March 9, 2022 – Aeva® (NYSE: AEVA), a leader in next-generation sensing and perception systems, today announced that its Aeries 4D LiDAR sensors are now supported on the NVIDIA DRIVE autonomous vehicle platform. Aeva’s Frequency Modulated Continuous Wave (FMCW) 4D LiDAR sensors detect 3D position and instant velocity for each point at distances up to 500 meters, bringing an added dimension to sensing and perception for safe autonomous driving.
NVIDIA DRIVE is an open, end-to-end platform that enables developers to develop, train, test and validate safe self-driving technology at scale.
“Bringing Aeva’s next generation 4D LiDAR to the NVIDIA DRIVE platform is a leap forward for OEMs building the next generation of Level 3 and Level 4 autonomous vehicles,” said Soroush Salehian, Co-Founder and CEO at Aeva. “We believe Aeva’s sensors deliver superior capabilities that allow for autonomy in a broader operational design domain, and our unique features like Ultra Resolution surpass the sensing and perception capabilities of legacy sensors to help accelerate the realization of safe autonomous driving.”
Gary Hicok, Senior Vice President of Engineering at NVIDIA, added, “Aeva delivers a unique advantage for perception in automated vehicles because it leverages per-point instant velocity information to detect and classify objects with higher confidence across longer ranges. With Aeva as part of our DRIVE ecosystem network, we can provide customers access to this next generation of sensing capabilities for safe autonomous driving.”
In addition to instant velocity detection, Aeva’s sensors have advanced 4D Perception™ capabilities that deliver new features not possible with typical legacy LiDAR sensors including Ultra Resolution™ and 4D Localization™.
Ultra Resolution: A real-time camera-level image of the world with up to 1000 lines per frame with no motion blur for the static scene, providing up to 20 times the resolution of legacy time of flight LiDAR sensors. Image segmentation enables the detection of roadway markings, drivable regions, vegetation, road barriers, as well as detecting road hazards like tire fragments at up to twice the distance of legacy time of flight LiDAR sensors. Instant velocity data allows for high confidence detection and tracking of dynamic objects such as oncoming vehicles and other moving objects at distances up to 500 meters.
4D Localization: Per-point velocity data enables real-time ego vehicle motion estimation with six degrees of freedom, motion compensation and on-line sensor extrinsic calibration to aid with sensor fusion. These vehicle estimation features also enable accurate vehicle positioning and navigation without the need for additional sensors, like IMU or GPS, for safe autonomous navigation in GPS-denied and featureless environments like tunnels and parking structures.
Aeva’s FMCW technology also aids developers of autonomous vehicles with these unique advantages over legacy LiDAR sensors that use time-of-flight technology:
Freedom from interference from sunlight and other LiDAR sensors.
Elimination of retroreflector blooming and ghosting from highly reflective objects like street signs and roadway markings.
Greater ability to see through airborne particulates like dust, fog, rain, and snow.
About Aeva Technologies, Inc. (NYSE: AEVA)
Aeva’s mission is to bring the next wave of perception to a broad range of applications from automated driving to industrial robotics, consumer electronics, consumer health, security and beyond. Aeva is transforming autonomy with its groundbreaking sensing and perception technology that integrates all key LiDAR components onto a silicon photonics chip in a compact module. Aeva 4D LiDAR sensors uniquely detect instant velocity in addition to 3D position, allowing autonomous devices like vehicles and robots to make more intelligent and safe decisions. For more information, visit www.aeva.com, or connect with us on Twitter or LinkedIn.
Aeva, the Aeva logo, 4D LiDAR, Aeries, Ultra Resolution, 4D Perception, and 4D Localization are trademarks/registered trademarks of Aeva, Inc. All rights reserved. Third-party trademarks are the property of their respective owners.
Forward looking statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Forward looking statements in this press release include our beliefs regarding our financial position and operating performance for the fourth quarter of 2021 and business objectives for 2022, along with our expectations with respect to our collaborations with third parties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including, but not limited to: (i) the ability to maintain the listing of Aeva’s securities on the New York Stock Exchange, (ii) the price of Aeva’s securities, which may be volatile due to a variety of factors, including changes in the competitive and highly regulated industries in which Aeva plans to operate, variations in performance across competitors, changes in laws and regulations affecting Aeva’s business and changes in the combined capital structure, (iii) the ability to implement business plans, forecasts, and other expectations and to identify and realize additional opportunities, (iv) the risk of downturns and the possibility of rapid change in the highly competitive industry in which Aeva operates, (v) the risk that Aeva and its current and future collaborators are unable to successfully develop and commercialize Aeva’s products or services, or experience significant delays in doing so, (vi) the risk that Aeva may never achieve or sustain profitability; (vii) the risk that Aeva will need to raise additional capital to execute its business plan, which many not be available on acceptable terms or at all; (viii) the risk that Aeva experiences difficulties in managing its growth and expanding operations, (ix) the risk that third-parties suppliers and manufacturers are not able to fully and timely meet their obligations, (x) the risk of product liability or regulatory lawsuits or proceedings relating to Aeva’s products and services, (xi) the risk that Aeva is unable to secure or protect its intellectual property; and (xii) the effects of the ongoing coronavirus (COVID-19) pandemic or other infectious diseases, health epidemics, pandemics and natural disasters on Aeva’s business. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors, and for a further discussion of the material risks and other important factors that could affect our financial results, please refer to our filings with the SEC, including our Form 10-Q for the quarter ended September 30, 2021. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Aeva assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Aeva does not give any assurance that it will achieve its expectations.
https://www.aeva.com/press/aeva-becomes-first-fmcw-4d-lidar-on-nvidia-drive-autonomous-vehicle-platform/