Announcement • Jan 10
NAVYA and Bluebus Announce the Success of the Bluebus Autonom's® Initial Operating Trials NAVYA and Bluebus announced the success of the Bluebus Autonom's® initial operating trials at the expected performance levels. Bluebus was tested in autonomous mode on various types of operating routes over a distance of more than thirty kilometers in a safe area, resulting in the validation of its steering and its dynamic interaction between the Bluebus automized rolling platform and the NavyaDrive® autonomous driving software. The trials, conducted in level 4 autonomy mode, took place at the Transpolis site at Les Fromentaux, which provides not only a safe proving ground to carry out fine tuning, but also the flexibility needed for testing various operational use cases. The tests were carried out on in the real-life conditions of a tram circuit with stops along the way, where obstacles were positioned to test braking. The overall response of the vehicle was completely satisfactory in terms of comfort and safety. This key validation step allows the company to take the company's roadmap a stage further toward putting a number of targeted use cases into operation at the company's customers' sites in the fourth quarter of 2023. The critical automation phases and the integration of a set of Navya Pack® sensors, containing Navya Drive® and Navya Operate® software, was carried out under the full control of each of the partners, creating the optimal conditions for the successful operational launch of the Bluebus Autonom®. The project illustrates the extent to which Navya's autonomous driving solution is adapted to and integratable with existing rolling bases and confirms its strategic positioning as a provider of agnostic autonomous mobility solutions. A project set up in partnership with Navya, Bluebus, Keolis and Plastic Omnium, within the framework of the EFIBA (Emergence of an Autonomous Bus Industry) and supported by France Relance. Announcement • Jan 05
Navya SA Announces Assembly of the First Two Bluebus Autonom® on the Production Line of the Bolloré Site in Quimper Navya SA has finalized the robotization and automation of two Bluebus Autonom® vehicles and have successfully completed all commissioning tests. The vehicles, operational for level 4 autonomous driving, will now begin their driving phase on a test track. This new step marks the achievement of a perfect collaboration between the Navya and Bluebus teams to automate an existing series-produced vehicle. The two teams have demonstrated their ability to work together to produce an industrial production vehicle in a very short time. This step is part of the EFIBA project (Emergence Filière Industrielle Bus Autonome) of the France Relance program. After only one month of assembly, the Bluebus and Navya teams were able to assemble and integrate all of Navya's technologies into the Bluebus' robotic platform for series production. The Navya technology components integrated in the Bluebus Autonom® include the Navya Pack® sensors set and the Navya Drive® and Navya Operate® software bricks. The overall design is based on the interaction between the Navya components and the robotic vehicle control (braking, acceleration, steering) developed by Bluebus. Bluebus Autonom® is the first vehicle to reach level 4 of automation due to an inter-system design at the best level of the automotive and has the safety concepts essential for the deployment of autonomous mobility without an operator on board. Bluebus Autonom®, driven by the Navya autonomous system, will be series-produced at the Bluebus plant in Quimper on a production line dedicated to autonomous vehicles in compliance with Bluebus' industrial methods and with high expectations regarding the vehicle's technical and economic efficiency. This successful project confirms Navya's ability to transpose its autonomous mobility technology and systems to any existing mass-produced platform, in partnership with industrial players familiar with the requirements of the automotive industry. Announcement • Oct 17
NAVYA Autonom® Shuttles to Undergo Platooning Demonstration at New York's JFK Airport, First of Its Kind at an American Airport NAVYA announced the upcoming platooning demonstration of two Navya Autonom® shuttles at New York'sJohn F. Kennedy International Airport, the first of its kind at an American airport. The awarding of a trial period to Navya is the result of a request for innovation as part of a new initiative from the Port Authority of New York and New Jersey, which manages all the airports situated in the two states, including JFK, LaGuardia and Newark Liberty International Airport. It represents the first phase of what may become a larger initiative to use fleets of autonomous shuttles platooned together to better connect passengers to their destinations in an airport environment. The two Navya shuttles will undergo an initial trial period of four days from October 17th to October 21st, 2022, as part of a pilot project that will take place in a specific parking area of the airport. During that time various configurations will be put to the test, including the platooning of the Navya shuttles. The autonomous shuttles will be operated by an on-board safety operator at all times and supervised by Navya's control center in Michigan. The vehicles have eight lidar sensors and the pilot will be conducted in an area of the parking lot closed to the general public. Reported Earnings • Sep 27
First half 2022 earnings released: EPS: €0 (vs €0 in 1H 2021) First half 2022 results: EPS: €0 (in line with 1H 2021). Revenue: €3.99m (down 13% from 1H 2021). Net loss: €13.2m (loss widened 5.4% from 1H 2021). Revenue is forecast to grow 41% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Auto industry in Europe. Announcement • Aug 06
NAVYA Announces New Partnership with the Minnesota Department of Transportation NAVYA announced a new partnership with the Minnesota Department of Transportation, AECOM, and the city of White Bear Lake, Minnesota, USA, to deploy the Arma Navya Autonom® shuttle. The pilot project will offer new transportation options to the White Bear Lake community and will run for a year over a route of 1.5-miles, connecting a number of residential facilities to the community YMCA, including PAI, The Boulders and Willow Wood Apartments. The members of the community and its partners have given the shuttle the name Bear Tracks, because it offers a totally new service in area of the city which up until now didn’t benefit from shared transportation. Navya Autonom® Shuttle is 100% electric and has multiple on-board sensors, such as the 2D and 3D Lidars, a GPS system, and an odometer, which monitor its location along the route, while detecting and observing obstacles like pedestrians and other vehicles. Being totally autonomous, it has neither steering wheel nor pedals, but an operator is always on hand to take over manual control and to assist the passengers. Moreover, Bear Track is equipped with a mobility ramp in compliance with the Americans with Disabilities Act (ADA). It will operate from Monday to Friday between 9.30 am and 1.30 pm and will be free of charge to the public. AECOM will be the prime contractor, MnDOT will be in charge finance, and Newtrax Transportation will provide the operators once they have completed their Navya training course. The project forms part of MnDOT’s Connected and Automated Vehicle (CAV) Strategic Plan, fostering enhanced mobility for persons with disabilities and better travel options elderly communities, while promoting public awareness of the technologies associated with automated vehicles. The academic partnership with White Bear Lake High School and the University of Minnesota are a unique aspect of the pilot, offering the students firsthand experience with CAVs and boosting employment possibilities. Other partners in the project are Ramsey County, Newtrax, the University of Minnesota, White Bear Lake Area Schools, the Minnesota State Transportation Center of Excellence and the White Bear Area Chamber of Commerce. Announcement • Jul 22
Navya SA announced that it expects to receive €36 million in funding from Negma Group Ltd. Navya SA announced that it has entered into an agreement to issue 14,400 convertible bonds at a price of €2,500 each for gross proceeds of €36 million on July 20, 2022. It will have a maturity of twelve months. The transaction will include participation from Negma Group. The company will pay a commitment fee in the amount of 3% of the total amount of Negma Group's commitment, in the form of 432 convertible bonds, each with a nominal value of €2,500; half of these convertible bonds without attached warrants will be issued concurrently with the drawdown of the first tranche of convertible bonds, and the balance, i.e., 216 convertible bonds without attached warrants, will be issued upon the drawdown of the second tranche of convertible bonds.. The convertible bonds will be issued in capped tranches of €2,500,000 each. Under the terms of the agreement the financing will take the form of convertible bonds to which a warrant for Negma to purchase shares of it's capital stock.
On the same date, the company issued 1,000 convertible for gross proceeds of €2,500,000 as part of its first tranche of convertible bonds. Price Target Changed • Apr 01
Price target decreased to €1.50 Down from €1.70, the current price target is provided by 1 analyst. New target price is 12% below last closing price of €1.70. Stock is down 39% over the past year. The company is forecast to post a net loss per share of €0.67 next year compared to a net loss per share of €0.79 last year. Announcement • Jan 18
NAVYA to Present the Remote Supervision of a Fleet of Autonomous Vehicles at the AUTONOMY PARIS NAVYA will present the remote supervision of a fleet of autonomous vehicles at the AUTONOMY PARIS exhibition to be held March 16th & 17th 2022. More specifically, NAVYA will demonstrate: The automation of supervision functions on a fleet of shuttles without an operator on board; A self-diagnosis of the shuttles operation and an automated monitoring of their environment; “FailSafe scenarios”; Real-time exchange of technical/audio/video data, when required, between each shuttle and the Centralized Control Center; Feedback and analysis of relevant internal and third-party data within the Centralized Control Center to ensure proactive supervision. Announcement • Dec 16
Navya SA Announces the Complete Remodling of Navya Drive Software, Launching Version "6.X" as the Core of Multi-Platform Deployments Navya SA announced the launch of version "6.X" of its Navya Drive autonomous driving software, a major step in the transition toward the deployment of Level 4 commercial solutions. After two years of research and development, NAVYA is releasing its new and completely redesigned software version. This update, which has been already deployed on more than 20% of their vehicle fleet, benefits from a complete overhaul of the software architecture allowing: independent evolution of software bricks, without impacting other functionalities; configuration adapted to the diversity of customer sites according to their operational environment; uniformity of structural developments, applicable to all current platforms, Autonom Shuttle and Autonom Tract, as well as to future third-party platforms such as the IT3 bluebus developed as part of the EFIBA project. This new "6.X" version of Navya Drive® rebuilds the software architecture in line with the best industrial standards. It will facilitate the next iterations available to customers and partners on all applications. NAVYA is expanding its range of activities by securing and improving key operational functions, focusing on: the use of a new High Definition mapping format. This map incorporates a higher level of accuracy for optimized autonomous driving in challenging and changing environments; a unique V2X technology module providing a global compliance with connected infrastructure systems in many countries. These improvements are already being seen in NAVYA's day-to-day operations, providing greater flexibility in addressable use cases and time savings in the commissioning of its solutions on customer sites. This new version of Navya Drive, by becoming the core software for all applications, confirms NAVYA's technological leadership and its strategic positioning as a provider of autonomous driving applications, whether for people or goods transportation. Reported Earnings • Sep 30
First half 2021 earnings released The company reported a poor first half result with increased losses, weaker revenues and weaker control over costs. First half 2021 results: Revenue: €4.60m (down 2.3% from 1H 2020). Net loss: €12.5m (loss widened 13% from 1H 2020). Announcement • Sep 02
Navya SA Announces Launch of the First Autonomous Shuttle Service NAVYA announces its first deployment on public roads in the UK at the Harwell Science and Innovation Campus. NAVYA's shuttle will transport employees and visitors 24/7 around this UK science and technology hub. Located in Oxfordshire, England, the 700-acre Harwell Science and Innovation Campus hosts more than 6,000 people and 240 public and private organizations in three areas of expertise: space, renewable energy and health. The shuttle will be operated by DARWIN, a British company specializing in the application of cutting-edge technological research in the field of terrestrial and satellite communications. DARWIN’s focus is to enable reliable connectivity on the move by combining terrestrial and satellite communications, with the aid of the European Space Agency, mobile provider O2 and satellite operator HISPASAT. Executive Departure • Jul 02
CEO & President of Management Board Etienne Hermite has left the company On the 25th of June, Etienne Hermite's tenure as CEO & President of Management Board of the company ended after 2.3 years in the role. We don't have any record of a personal shareholding under Etienne's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.17 years, which is considered inexperienced in the Simply Wall St Risk Model. Under Etienne's leadership, the company delivered a total shareholder return of 26%. Executive Departure • Jul 02
COO & Member of the Management Board Jérôme Rigaud has left the company On the 25th of June, Jérôme Rigaud's tenure as COO & Member of the Management Board ended after 3.1 years in the role. We don't have any record of a personal shareholding under Jérôme's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 1.17 years, which is considered inexperienced in the Simply Wall St Risk Model. Announcement • Jun 08
Navya Accelerates Its Development in Germany Within the Framework of the SMO Project with Valeo Navya launches new experiments in Germany, the company's main market, with 16 shuttles sold, including 9 in 2020. Germany is one of the main markets for autonomous vehicles worldwide1. In order to position itself as a pioneer of autonomous mobility solutions, Germany is the first country in the world to adopt a legal framework for level 4 autonomous vehicles, paving the way for numerous commercial applications. The new legislation adopted in May 2021, which allows driverless vehicles to operate in regular service on open road, will accelerate the development of the sector. The recent deployments confirm Navya's development in Germany, based on experiments in complex environments and to the collaboration of leading industrial players operating in Germany. Reported Earnings • Apr 29
Full year 2020 earnings released: €0.79 loss per share (vs €1.11 loss in FY 2019) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: €10.7m (down 29% from FY 2019). Net loss: €23.3m (loss narrowed 28% from FY 2019). Is New 90 Day High Low • Feb 22
New 90-day low: €2.77 The company is down 32% from its price of €4.09 on 24 November 2020. The French market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto industry, which is up 14% over the same period. Announcement • Dec 12
Navya SA to Report Fiscal Year 2020 Results on Mar 31, 2021 Navya SA announced that they will report fiscal year 2020 results on Mar 31, 2021 Announcement • Dec 01
Navya Announces Board Appointments Navya announced the appointments of Jean-Marc Janaillac to the Supervisory Board as censor, Benoît Jacheet (Chief Financial Officer) and Pierre Lahutte (Chief Strategy & Development Officer) to its Executive Board. Jean-Marc Janaillac has strong experience as an executive of companies in the mobility sector. A graduate from HEC and ENA, he was Chairman and Chief Executive Officer of Veolia-Transdev, now Transdev, from 2012 to 2016, then Chairman and Chief Executive Officer of Air France-KLM from 2016 to 2018. He also served as Deputy Chief Executive Officer of AOM French Airlines, Chief Development Officer of the RATP group and Chairman of the RATP Dev Management Board. He is currently Chairman of the Fondation Nationale pour l'Enseignement de la Gestion des Entreprises (FNEGE), a director of Fnac-Darty and Getlink and a member of the Supervisory Board of Caisse des Dépôts. The Supervisory Board also appointed Benoît Jacheet and Pierre Lahutte to the Company's Executive Board. Benoît Jacheet joined Navya in April 2020 as Chief Financial Officer, Pierre Lahutte arrived in June 2020 as Chief Strategy & Development Officer. Is New 90 Day High Low • Nov 24
New 90-day high: €3.81 The company is up 79% from its price of €2.13 on 25 August 2020. The French market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto industry, which is up 16% over the same period. Announcement • Nov 02
Navya Announces Executive Changes Navya announced the appointment of Thierry Morin, Chairman of Elis Group’s Supervisory Board, and of Aurélie Jean, Doctor of Science and Entrepreneur, to Navya’s Supervisory Board, as independent board members, as well as Olivier Le Cornec, Chief Technology Officer, to Navya’s Management Board. Thierry Morin combines more than 20 years of experience in the management of listed industrial companies. Graduated from Paris-Dauphine University, he was CEO of Valeo from 2001 to 2009. He is currently a member of the Board of Directors and Chairman of the Nomination and Compensation and Governance Committee of Arkema, Chairman of Elis Group’s Supervisory Board, President of Thierry Morin Consulting (TMC), TM France and TMPARFI SA. He also held the position of President of the National Institute of Industrial Property and the University of Technology of Compiègne (UTC). Aurélie Jean has been working for more than 10 years in digital sciences, engineering, medicine, education, economics, finance and journalism. After 9 years spent in the United States in Institutions such as the Massachusetts Institute of Technology (MIT) or Bloomberg, Aurélie now lives and works between the United States and France where she divides her time between consulting in collaboration with the company Altermind, research and teaching at the University. Aurélie is also a Senior Advisor for the Boston Consulting Group (BCG) and a mentor for NASA'sFrontier Development Lab. She contributes to the media Le Point, Elle International and Europe 1 on scientific and technological topics. Aurélie is also an external collaborator for the French Ministry of Education. The Supervisory Board also appointed Olivier Le Cornec to the Company's Management Board. Olivier joined Navya in March 2020 as CTO (Chief Technology Officer). Major Estimate Revision • Sep 30
Analysts lower revenue estimates to €10.6m The 2020 consensus revenue estimate decreased from €15.6m. Earnings per share (EPS) also decreased, with analysts lowering their estimates from -€0.70 to -€0.71 for the same period. The Auto industry in France is expected to see an average net income growth of 21% next year. The consensus price target increased from €0.80 to €1.00. Share price is down by 17% to €1.71 over the past week. Reported Earnings • Sep 26
First half earnings released Over the last 12 months the company has reported total losses of €29.7m, with losses widening by 19% from the prior year. Total revenue was €13.6m over the last 12 months, down 16% from the prior year. Announcement • Sep 17
Navya SA to Report First Half, 2020 Results on Sep 23, 2020 Navya SA announced that they will report first half, 2020 results on Sep 23, 2020 