Aeva Technologies (Aeva Technologies) Gross Margin %

: -54.13% (As of Dec. 2023)

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Gross Margin % is calculated as gross profit divided by its revenue. Aeva Technologies's Gross Profit for the three months ended in Dec. 2023 was $-0.87 Mil. Aeva Technologies's Revenue for the three months ended in Dec. 2023 was $1.61 Mil. Therefore, Aeva Technologies's Gross Margin % for the quarter that ended in Dec. 2023 was -54.13%.

The historical rank and industry rank for Aeva Technologies's Gross Margin % or its related term are showing as below:

AEVA' s Gross Margin % Range Over the Past 10 Years
Min: -136.5 Med: 37.04 Max: 43.4
Current: -136.5

During the past 5 years, the highest Gross Margin % of Aeva Technologies was 43.40%. The lowest was -136.50%. And the median was 37.04%.

AEVA's Gross Margin % is ranked worse than
99.16% of 2630 companies
in the Software industry
Industry Median: 41.71 vs AEVA: -136.50

Aeva Technologies had a gross margin of -54.13% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Aeva Technologies was 0.00% per year.

Aeva Technologies Gross Margin % Historical Data

The historical data trend for Aeva Technologies's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Aeva Technologies Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

41.11

43.40

37.04

-101.50

-136.50

Aeva Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %													-1,663.83	-120.30	-258.14	-211.73	-54.13

Competitive Comparison

For the Software - Infrastructure subindustry, Aeva Technologies's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Aeva Technologies Gross Margin % Distribution

For the Software industry and Technology sector, Aeva Technologies's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Aeva Technologies's Gross Margin % falls into.

Aeva Technologies Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Aeva Technologies's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	-5.9	/	4.312
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(4.312 - 10.198)	/	4.312
	=	-136.50 %

Aeva Technologies's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-0.9	/	1.611
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1.611 - 2.483)	/	1.611
	=	-54.13 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Aeva Technologies (NYSE:AEVA) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Aeva Technologies had a gross margin of -54.13% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Aeva Technologies Gross Margin % Related Terms

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Aeva Technologies (Aeva Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Aeva Technologies Inc (NYSE:AEVA) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

555 Ellis Street, Mountain View, CA, USA, 94043

Website

https://www.aeva.ai

Aeva Technologies Inc through its Frequency Modulated Continuous Wave (FMCW) sensing technology, designs a 4D LiDAR-on-chip that, along with its proprietary software applications, has the potential to enable the adoption of LiDAR across broad applications from automated driving to consumer electronics, consumer health, industrial automation, and security application.

Executives

Stephen Paul Zadesky	director	555 ELLIS STREET, MOUNTAIN VIEW CA 94043
Sylebra Capital Ltd	director, 10 percent owner	28 HENNESSY ROAD, 20TH FLOOR, WAN CHAI, HONG KONG K3 00000
Soroush Salehian Dardashti	director, 10 percent owner, officer: Chief Executive Officer	C/O AEVA TECHNOLOGIES, INC., 555 ELLIS STREET, MOUNTAIN VIEW CA 94043
Erin L Polek	director	5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Eberle Christopher G Jr	director	14 E. 4TH ST SUITE 405, NEW YORK NY 10012
Daniel Patrick Gibson	10 percent owner	400 FAIRVIEW AVENUE NORTH, SUITE 1200, SEATTLE WA 98109
Saurabh Sinha	officer: Chief Financial Officer	C/O AEVA TECHNOLOGIES, INC., 555 ELLIS STREET, MOUNTAIN VIEW CA 94043
Peter Hebert	10 percent owner	C/O LUX VENTURES, 295 MADISON AVE, 24TH FLOOR, NEW YORK NY 10017
Shahin Farshchi	director	11740 WILSHIRE BLVD, #A1309, LOS ANGELES CA 90025
Hrach Simonian	director	285 RIVERSIDE AVE., SUITE 250, WESTPORT CT 06880
Mina Rezk	director, 10 percent owner, officer: President & CTO	C/O AEVA TECHNOLOGIES, INC., 555 ELLIS STREET, MOUNTAIN VIEW CA 94043
Josh Wolfe	10 percent owner	C/O LUX HEALTH TECH ACQUISITION CORP., 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010
Lux Co-invest Opportunities, L.p.	10 percent owner	C/O LUX CAPITAL MANAGEMENT, 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010
Lux Co-invest Partners, Llc	10 percent owner	C/O LUX CAPITAL, 920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010
Lux Venture Partners Iv, Llc	10 percent owner	920 BROADWAY, 11TH FLOOR, NEW YORK NY 10010