Management ChangeAug 5, 2026, 04:20 PM
Aeva CFO Saurabh Sinha to Resign; Rupesh Maheshwari Named Interim CFO
AI Summary
Aeva Technologies announced that CFO Saurabh Sinha will resign effective September 5, 2026, to pursue another opportunity. Rupesh Maheshwari, VP Corporate Controller, will serve as interim CFO. The company also reported Q2 2026 financial results, with revenue increasing to $6.1 million from $5.5 million in Q2 2025. Key business highlights include the launch of an Optical Connectivity business with a first customer agreement and expansion in automotive with Bendix.
Key Highlights
- Saurabh Sinha to resign as CFO, effective September 5, 2026, after six years.
- Rupesh Maheshwari appointed interim CFO, effective September 5, 2026.
- Q2 2026 revenue increased to $6.1 million from $5.5 million in Q2 2025.
- GAAP operating loss was $34.6 million in Q2 2026 vs $34.9 million in Q2 2025.
- Non-GAAP operating loss was $26.0 million in Q2 2026 vs $25.1 million in Q2 2025.
- GAAP net loss per share was $1.23 in Q2 2026 vs $3.49 in Q2 2025.
- Launched Optical Connectivity business with first customer agreement signed.
- Strengthened balance sheet with $115M follow-on offering.
Price Impact
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