Update on ElectraMeccanica Litigation Dispute With Tevva
MESA, Ariz.–(BUSINESS WIRE)–ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica”), a designer and assembler of electric vehicles, today announced that the United States District Court for the District of Arizona issued an order on November 7, 2023 dismissing the previously filed complaint by Tevva Motors Limited (“Tevva”) against ElectraMeccanica, 1432952 B.C. Ltd. (“Holdco”), 1432957 B.C. Ltd. (“Parentco”) […]
indie Semiconductor Exceeds Q3 2023 Growth Expectations
Delivers Q3 Revenue of $60.5M, up 101% YoY and 16% Sequentially Expands Non-GAAP Gross Margin 226 Basis Points YoY to 52.7% Guides Q4 2023 Revenue to $70M-$75M and non-GAAP EBITDA Breakeven Reiterates Plan to More than Double Revenue in 2023 Raises Strategic Backlog to $6.3B, up from $4.3B last year and $2.6B in 2021 ALISO […]
Ouster Exceeds Q3 2023 Revenue Guidance; Achieves Over $120 Million in Annualized Cost Savings; Sets Financial Framework to Help Reach Profitability
Over $22 million in revenue and bookings of $38 million in the third quarter 2023 Achieved over $120 million in annualized cost savings, one quarter ahead of schedule Announced targets for revenue growth, expanding gross margins, and additional cost management SAN FRANCISCO–(BUSINESS WIRE)– Third Quarter 2023 Highlights Over $22 million in revenue, up 15% quarter […]
SoundHound AI Reports Record Third Quarter, Revenue Increases to $13.3 Million, Adjusted EBITDA Improves 57% Year Over Year
SANTA CLARA, Calif.–(BUSINESS WIRE)–SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today reported its financial results for the third quarter of 2023. The financial data presented in this press release should be considered preliminary until the company files its 10-Q. “Our third quarter was another milestone for revenue, and at the […]
Cepton, Inc. Reports Third Quarter 2023 Results
SAN JOSE, CA–(BUSINESS WIRE)– “For the second consecutive quarter, we set new company records for shipment volumes for the automotive end market,” said Jun Pei, Cepton’s Co-Founder and CEO. “Our continued dedication to executing our milestones and increasing adoption in targeted smart application markets demonstrates our technology leadership in lidar.” Business Highlights Series Production Execution […]
Transphorm Announces Fiscal 2024 Second Quarter Results and Provides Business Update
– Reports Second Quarter Year-Over-Year Revenue Grew 37% to $5.0 Million as Gross Margin Increased by 11.5% to 23% – Product Revenue Increased to $3.55 Million, Up 18% Over the Prior Quarter – Recently Engaged BofA Securities, Inc. to Act as Financial Advisor in Company’s Strategic Review to Enhance Stockholder Value – Company to Host […]
AEye Reports Third Quarter 2023 Results
Provides Update on Automotive-First Strategy Significant Reduction in Burn Rate Extending Cash Runway out to 2025 DUBLIN, Calif.–(BUSINESS WIRE)–AEye, Inc. (Nasdaq: LIDR), a global leader in adaptive, high performance lidar solutions, today announced its results for the third quarter ended September 30, 2023. Management Commentary “Market conditions are evolving, and we believe the lidar market […]
Clean Energy Reports Revenue of $95.6 Million and 56.7 Million RNG Gallons Sold for the Third Quarter of 2023
NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Clean Energy Fuels Corp. (NASDAQ: CLNE) (“Clean Energy” or the “Company”) today announced its operating results for the third quarter of 2023. Financial Highlights Revenue of $95.6 million in Q3 2023 compared to $125.7 million in Q3 2022. Net loss attributable to Clean Energy for Q3 2023 was $(25.8) million, or $(0.12) […]
Microvast Reports Third Quarter 2023 Financial Results
Revenue increased 107.5% year over year to $80.1 million Achieved record backlog of $678.7 million, up 382.7% year over year Gross margin increased from 5.2% to 22.3%, a 17.1 percentage point improvement year over year STAFFORD, Texas–(BUSINESS WIRE)–Microvast Holdings, Inc. (NASDAQ: MVST) (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures lithium-ion […]
Lyft Announces Results for Third Quarter 2023 & Introduces New Key Metrics
SAN FRANCISCO–(BUSINESS WIRE)–Lyft, Inc. (Nasdaq:LYFT) today announced financial results for its third quarter ended September 30, 2023. Additionally, Lyft has introduced the following key metrics, each of which is presented on a total company basis: Gross Bookings, Rides, and Adjusted EBITDA margin (calculated as a percentage of Gross Bookings). Descriptions and further information regarding these […]
