Global Defense Contractor Burke Products Selects Datavault AI for Enhanced National Defense and Aerospace Technologies Contracts
Within the partnership Datavault AI has been contracted by Burke Products to engineer and produce solutions responsive to an array of opportunities. All opportunities are managed under the contract in a case by case fashion designed to be responsive to private and public RFPs and requests made directly and through subcontracts obtained by Burke and other contracting mechanisms in place at Burke Products on a global basis.
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Globe and Mail
5 minutes ago
- Globe and Mail
Aeva (AEVA) Q2 Revenue Jumps 175%
Key Points Revenue (GAAP) surged to $5.5 million, up from $2.0 million in Q2 2024, far outpacing the GAAP consensus estimate of $3.39 million. Non-GAAP net loss per share improved to $(0.44), beating the $(0.47) non-GAAP EPS expected by analysts. Cash, cash equivalents, and marketable securities decreased to $49.8 million as of June 30, 2025. These 10 stocks could mint the next wave of millionaires › Aeva Technologies (NASDAQ:AEVA), a Silicon Valley-based developer of 4D LiDAR sensing solutions, reported its financial results for the second quarter of fiscal 2025 on July 31, 2025. Aeva delivered record GAAP revenue of $5.5 million, up 175% year-over-year (GAAP) and well above analyst expectations. Non-GAAP earnings per share came in at $(0.44), also ahead of the consensus non-GAAP estimate of $(0.47). This quarter reflects major commercial and technological progress, but ongoing negative gross margins and significant operating losses remain key watch points. Metric Q2 2025 Q2 2025 Estimate Q2 2024 Y/Y Change EPS (Non-GAAP) ($0.44) ($0.47) ($0.57) 22.8% Revenue $5.5 million $3.39 million $2.0 million 174.6% Operating Loss (Non-GAAP) ($25.1 million) ($32.0 million) 21.6% Cash, Cash Equivalents & Marketable Securities $49.8 million N/A N/A Source: Analyst estimates for the quarter provided by FactSet. About Aeva Technologies: What It Does and What Matters Aeva Technologies develops Frequency-Modulated Continuous Wave (FMCW) LiDAR, a sensor technology that helps machines and vehicles perceive and measure their environment with high accuracy. Its main products enable instant velocity detection and 3D spatial measurement, supporting critical applications in autonomous vehicles, robotics, and industrial automation. The business has recently focused on scaling up its core FMCW technology, integrating it into both automotive and industrial use-cases. Its future depends on the successful commercialization of its unique sensor platform, expansion into new segments like smart infrastructure, and partnerships with manufacturers and major customers. Intellectual property protection and regulatory compliance are also key factors for sustained growth and technology adoption. Quarter in Detail: Financial and Strategic Progress This quarter, Aeva set a new high with GAAP revenue of $5.5 million, with GAAP sales more than doubling year over year and surpassing analyst estimates by 62.2% for GAAP revenue. The company attributes this growth to continued commercial momentum, driven in part by strategic collaborations, including a focus on both automotive and industrial sectors. Operating loss (Non-GAAP) narrowed to $(25.1 million), improving from a $(32.0 million) non-GAAP operating loss in Q2 2024. This reflects the company's efforts to control spending, with research and development expenses decreasing from $26,196,000 in Q2 2024 to $22,841,000, and general and administrative expenses decreasing from $8,663,000 in Q2 2024 to $7,969,000, with reductions reported in research and development and general administrative expenses. However, gross margins remained negative (GAAP): cost of goods sold rose to $8.2 million, outpacing top-line growth due to higher costs tied to early stage scale-up and investments in manufacturing. A major highlight was the partnership with LG Innotek, which included a $77.5 million strategic investment recognized as a share subscription liability as of June 30, 2025, until closing. This relationship is anticipated to help Aeva broaden its market reach and ramp up manufacturing via expanded volume production. In parallel, the company reported orders for over 1,000 sensors in its industrial automation segment for Q1 2025, with shipments set for later this year, and cited ongoing programs with partners like Mercedes-Benz, Daimler Truck, and Bendix in the automotive space. Aeva continues to invest in capacity and technological development, but this cash burn underscores ongoing dependence on additional financing. The company maintains a $125 million equity facility to support future needs. Non-cash liabilities, including a $102.1 million warrant liability, have caused volatility in GAAP net income, but these are not expected to impact near-term cash flows. There were no dividends declared or adjusted during the quarter. How Aeva's Products and Partnerships Matter The core of Aeva's business is its FMCW LiDAR platform, which underpins its suite of products for the automotive and industrial markets. In automotive, product families like the Atlas Ultra LiDAR sensors are being positioned for advanced driver-assistance systems and autonomous driving, and have gained traction with customers such as Mercedes-Benz and Daimler Truck. In commercial vehicles, partnerships like those with Bendix target large-scale collision mitigation opportunities in heavy truck fleets. On the industrial side, Aeva has introduced the Eve 1 line of precision laser displacement sensors. These are used for factory process automation and quality control, providing micron-level measurement accuracy—a capability that offers significant benefits for manufacturers. Key partners here include LMI Technologies and SICK AG, both of which have placed significant orders and are among the top companies in their field. In addition to vehicle and industrial applications, Aeva's technology has begun to see adoption in new segments like airport traffic management and intelligent transportation systems. The company's 4D LiDAR sensors are being deployed for smart traffic and safety enforcement, supporting customers such as D2 Traffic and Sensys Gatso. These applications demonstrate the breadth of Aeva's platform and underscore its potential outside automotive alone. Strategic manufacturing partnerships with companies such as Tower Semiconductor and Jabil are helping Aeva move towards mass production scale. These partners are supporting the integration of Aeva's chip-based LiDAR technology, aiming for production capacity of up to 100,000 units per year. Looking Ahead: Expectations and Areas to Watch This is based on ongoing commercial momentum and booked sensor orders, but it does not yet include the full potential impact of the LG Innotek relationship. No detailed guidance was given for the next quarter, and management signaled that further updates will follow as new business milestones are reached. Investors should monitor whether Aeva converts pre-production partnerships into large-scale series production, especially in automotive and industrial markets. Cost structure remains a challenge: the company will need to improve gross margins as it moves from development to volume manufacturing. Cash burn and capital sourcing are also critical, given falling reserves and a negative equity position. Revenue and net income presented using U.S. generally accepted accounting principles (GAAP) unless otherwise noted. Where to invest $1,000 right now When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor's total average return is 1,036%* — a market-crushing outperformance compared to 181% for the S&P 500. They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor. See the stocks » *Stock Advisor returns as of July 29, 2025
Globe and Mail
5 minutes ago
- Globe and Mail
Billionaires Are Buying a Popular AI Index Fund That Could Turn $500 Per Month Into $432,300
Key Points Three prominent billionaire money managers bought shares of the Invesco QQQ Trust in the first quarter. The Invesco QQQ Trust is heavily invested in technology stocks likely to benefit from artificial intelligence. The fund achieved a total return of 1,560% in the last two decades, compounding at 15% annually. 10 stocks we like better than Invesco QQQ Trust › The Invesco QQQ Trust (NASDAQ: QQQ) is the fifth-most popular exchange-traded fund (ETF) worldwide as measured by assets under management. Several prominent billionaires added to their positions in the first quarter, as detailed below: Ken Griffin of Citadel Advisors added 2.2 million shares. The Invesco QQQ Trust now ranks as the third-largest position in the hedge fund, excluding options. Israel Englander of Millennium Management added 474,300 shares. The ETF now ranks among the 25 largest positions in the hedge fund, excluding options. Steven Cohen of Point72 Asset Management added 7,950 shares. The ETF remains a relatively small position in the hedge fund. Citadel, Millennium, and Point72 are three of the most profitable hedge funds in history as measured by net gains. That makes all three money managers good sources of inspiration, and individual investors should consider following their lead with this ETF. The Invesco QQQ Trust could turn $500 per month into $432,300 in 20 years. The Invesco QQQ Trust is heavily invested in technology companies likely to benefit from artificial intelligence The Invesco QQQ Trust measures the performance of the Nasdaq-100, an index that tracks the 100 largest nonfinancial companies listed on the Nasdaq Stock Exchange. The ETF has more than 60% of its assets invested in technology stocks, many of which are likely to benefit as the artificial intelligence (AI) revolution continues to unfold. The 10 largest holdings in the Invesco QQQ Trust are listed by weight below: Nvidia: 9.8% Microsoft: 8.7% Apple: 7.2% Amazon: 5.6% Broadcom: 5.3% Alphabet: 5% Meta Platforms: 3.5% Netflix: 2.8% Tesla 2.6% Costco Wholesale: 2.3% AI spending across hardware, software, and services is forecast to grow at 35.9% annually through 2030, according to Grand View Research. Several companies listed above should benefit. Amazon, Microsoft, and Alphabet are the three largest public cloud providers, meaning demand for AI infrastructure should be a tailwind. And Nvidia is the undisputed leader in data center GPUs, the most popular type of AI accelerator. Apple has introduced generative AI capabilities for iPhones. Meta Platforms is leaning on AI to increase user engagement across its social media platforms and improve outcomes for advertisers. Netflix recently started using generative AI to create content for movies and shows. Broadcom is the market leader in AI networking chips and custom AI accelerators, and Tesla recently launched an autonomous ride-hailing service. History says the Invesco QQQ Trust can turn $500 invested monthly into $432,300 in 20 years Excluding dividends, the Invesco QQQ Trust advanced 1,340% during the last two decades, which is equivalent to 14% annually. Including dividends, the index fund achieved a total return of 1,560%, compounding at 15% annually. I will assume a more modest return of 12% annually to introduce a margin of safety. At that pace, $500 invested monthly in the fund would be worth $105,200 in one decade and $432,300 in two decades. Some investors may prefer to save more or less each month, so the chart below shows how different contribution amounts would grow over time, assuming annual returns of 12%. Holding Period $200 Per Month $400 Per Month $600 Per Month 10 Years $42,100 $84,200 $126,300 20 Years $172,900 $345,800 $518,700 Returns were determined using the compound interest calculator. Investors need two more pieces of information. First, the Invesco QQQ Trust has been very volatile in the past due to its heavy exposure to technology stocks. The index fund fell more than 12% from its record high seven times in the last decade. Similar volatility is likely in the future. Second, the ETF has an expense ratio of 0.2%, meaning shareholders will pay $20 per year on every $10,000 invested. Comparatively, the average expense ratio on U.S. index funds and mutual funds was 0.34% in 2024. Should you invest $1,000 in Invesco QQQ Trust right now? Before you buy stock in Invesco QQQ Trust, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Invesco QQQ Trust wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $625,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,090,257!* Now, it's worth noting Stock Advisor's total average return is 1,036% — a market-crushing outperformance compared to 181% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Trevor Jennewine has positions in Amazon, Nvidia, and Tesla. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Costco Wholesale, Meta Platforms, Microsoft, Netflix, Nvidia, and Tesla. The Motley Fool recommends Broadcom and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.
Globe and Mail
29 minutes ago
- Globe and Mail
Bogota Financial (BSBK) Q2 Profit Up
Key Points Bogota Financial (NASDAQ:BSBK) returned to profitability in Q2 2025, posting $0.02 in GAAP earnings per share compared to a loss in the prior year. Net interest income (GAAP) climbed 34.7%, as the bank improved its net interest margin and controlled funding expenses. Loan balances and deposits declined modestly, while delinquencies jumped, primarily due to a single large commercial loan. These 10 stocks could mint the next wave of millionaires › Bogota Financial (NASDAQ:BSBK), a community-focused bank serving northern New Jersey, returned to profit in its Q2 2025 earnings released on July 31, 2025, covering the three months ended June 30. The company posted net income of $224,000, or $0.02 per share (GAAP), compared to a net loss of $432,000, or ($0.03) per share (GAAP), in the same period last year. This swing to profit came mainly from a 34.7% jump in net interest income (GAAP) and meaningful reductions in interest expenses. No analyst estimates were available for the quarter, so headline figures stand alone. The quarter saw tangible margin improvement and active cost management, but this was offset by declines in net loans and deposits, as well as a spike in loan delinquencies. About Bogota Financial and Recent Focus Areas Bogota Financial operates as a community bank, with activities centered around traditional personal and business banking, residential and commercial lending, and deposit gathering. Its key business lines involve residential first mortgage loans, commercial and multi-family real estate loans, construction loans, and an array of deposit products targeted to local individuals and businesses. In recent periods, the company has focused on managing its loan portfolio for both quality and yield, especially amid varying demand for residential and construction loans. Growth in consumer and commercial deposits, where it can manage funding costs, remains a core priority. Success is measured by prudent loan growth, cost control, and maintaining strong capital and regulatory ratios. Risk management and asset quality have also taken center stage as the bank navigates a changing interest rate and regulatory landscape. Quarter in Review: Financial and Business Developments Bogota Financial saw a return to profitability, driven mainly by an increase in net interest income (GAAP), which rose 34.7% to $3.7 million from $2.7 million in Q2 2024. This improvement resulted from a higher net interest margin—up to 1.74% from 1.21%—reflecting both lower funding costs and a better loan-deposit mix. Non-interest income, which includes fees, gains from loan sales, and income from bank-owned life insurance, edged up 9.4% (GAAP). Non-interest expense, which covers items like salaries, legal and compliance costs, and branch operating expenses, rose just 3.5% as the company continued cost-control efforts. A notable item was a $543,000 payout from a bank-owned life insurance policy, which provided a one-time boost to non-interest income and net profit for the six months ended June 30, 2025. The efficiency ratio, which compares non-interest expense to total income and measures how much it costs to generate a dollar of revenue, improved to 95.7%, down from a high of 122.3% in Q2 2024. Lower ratios are better in this context, but the figure still indicates high overhead relative to income. Asset figures (GAAP) declined during the quarter. Total assets dropped 5.1% to $921.8 million, and net loans declined as repayments exceeded new loan originations. Residential first mortgage loans, which are standard home loans for consumers, fell by $14.5 million to $458.2 million at June 30, 2025, from $472.7 million at December 31, 2024, while construction loans dropped by $17.4 million to $25.8 million at June 30, 2025, from $43.2 million at December 31, 2024. However, commercial real estate loans and multi-family loans, which are loans on business properties and apartment buildings, each rose modestly—a reflection of the company's focus on higher-yielding segments. Deposits, the key source of funding for the bank's lending business, shrank 2.2% to $628.2 million as nearly every deposit category except savings declined. Certificates of deposit, which are time deposits with a fixed interest rate and term, fell $11.5 million to $481.8 million, while savings accounts grew $4.6 million. The share of brokered deposits, which are funds sourced from third parties and often carry higher interest rates, ticked up to 17.2% of total deposits. The bank's efforts to improve deposit mix and curb funding costs showed results, with the average deposit rate falling to 3.75% in the first half of 2025. Loan and Risk Management, Credit Quality, and Capital Position The loan book experienced some stress during the period. Delinquent loans—those past due or in non-payment status—jumped to $20.4 million, now 2.94% of total loans, up from $14.3 million at year-end 2024. This increase stemmed mainly from a single $7.1 million commercial real estate loan that remains well-secured, according to management, as of June 30, 2025. Non-performing assets, which include loans not generating interest and foreclosed properties, stood nearly unchanged at 1.50% of assets as of June 30, 2025. No loans were charged off during the quarter, and the allowance for credit losses—the reserve set aside for expected loan defaults—held steady at 0.37% of total loans. From a capital and regulatory standpoint, the company reported Tier 1 capital to average assets of 15.32% for the six months ended June 30, 2025, well above required levels. Average equity as a percent of total assets reached 14.96% at June 30, 2025, up from 13.99% at December 31, 2024. Tangible book value per minority share increased to $29.10, supported by continued share buybacks. Management reported, 'Since the IPO, we have reduced our outstanding shares by 1,653,571 and improved our tangible book value per minority share from $22.04 to $29.10.' There were no preferred stock issues and share count dipped modestly due to buybacks. As of June 30, 2024, the company held a 0.86% deposit share in Bergen County. Regulatory compliance and cost-of-risk management remain key focuses, especially given the current environment and the uptick in late-stage loans. No provision was made for credit losses during the quarter; in fact, there was a reported recovery of $80,000 year-to-date as a small reversal of expected losses. The bank continues to have no exposure to commercial real estate loans backed by office properties, a segment that has drawn concern at some other banks. Exposure remains focused on residential, commercial (non-office), and multi-family real estate lending. Brokered deposits, which represented 17.2% of total deposits as of June 30, 2025, rose as a portion of the base, while uninsured deposits accounted for a modest 9.1%. The bank reported no dividend payout for the quarter. Looking Ahead: Guidance and Watch Areas Management did not issue a formal outlook for the next quarter or full fiscal year. Company leadership expressed expectations for loan demand to pick up later in the year and into early 2026, and stated that 'Growth in consumer and commercial deposits is another key initiative as we look to reduce cost of funds.' Focus for the coming quarters remains on expanding the commercial loan and deposit portfolios while maintaining strict credit standards. With loan and deposit balances shrinking and a pronounced increase in delinquencies this quarter, investors may wish to monitor trends in asset quality, origination pace, and funding mix. The absence of explicit forward guidance means future results depend heavily on market demand for loans and the bank's success in stabilizing deposit inflows. BSBK does not currently pay a dividend. Revenue and net income presented using U.S. generally accepted accounting principles (GAAP) unless otherwise noted. Where to invest $1,000 right now When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor's total average return is 1,036%* — a market-crushing outperformance compared to 181% for the S&P 500. They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor. *Stock Advisor returns as of July 29, 2025
