Welcome to our dedicated page for AEye news (Ticker: LIDR), a resource for investors and traders seeking the latest updates and insights on AEye stock.
AEye, Inc. (symbol: LIDR) is a leading Silicon Valley-based company specializing in the development of advanced vision hardware, software, and algorithms designed to act as the eyes and visual cortex for autonomous vehicles. Since the debut of its solid-state lidar scanner in 2013, AEye has been a trailblazer in intelligent sensing technologies. Backed by world-renowned investors, AEye is committed to innovation in the realm of autonomous driving and advanced driver-assistance systems (ADAS).
AEye's flagship offering, the 4Sight Intelligent Sensing Platform, integrates solid-state active lidar, an optionally fused low-light HD camera, and artificial intelligence to deliver superior perception capabilities. This platform is engineered to capture more intelligent information with less data, enabling faster, more accurate, and more reliable interpretation of the environment. The versatility of the 4Sight platform makes it suitable for a variety of applications, including vehicle autonomy and robotic vision.
The company generates the majority of its revenue from customers in the United States, with significant contributions from Europe and the Asia-Pacific region. AEye continues to pioneer breakthroughs in intelligent sensing, consistently enhancing their products to meet the growing demands of the autonomous vehicle market.
Recent achievements include strategic partnerships with industry leaders and ongoing projects aimed at refining the capabilities of their sensing technologies. These efforts underscore AEye's commitment to advancing the future of autonomous and semi-autonomous driving.
AEye (LIDR) reported Q3 2024 results with revenue of $104 thousand and a GAAP net loss of $(8.7) million. The company's Apollo lidar system achieved significant milestones, including meeting NVIDIA DRIVE Hyperion specifications and setting a new long-distance performance standard of 1 kilometer. Cash burn was $5.6 million, beating guidance of $5.9 million. The company ended Q3 with $22.4 million in cash and equivalents, implementing new financial instruments to extend runway. Plans are underway to establish an Apollo manufacturing line with LITEON in 2024, with multiple OEM quotations in progress.
AEye Inc (Nasdaq: LIDR), a leader in adaptive lidar solutions, has scheduled its Q3 2024 financial results release for Tuesday, November 12, 2024, after market close. The company will host a conference call and audio webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. Supplemental financial information will be available on AEye's website before the earnings call.
AEye, Inc. (Nasdaq: LIDR) has announced that its Apollo lidar sensor has achieved outstanding results in recent field testing, consistently delivering high-resolution data at distances exceeding one kilometer. This breakthrough is believed to be a first in the lidar industry, demonstrating Apollo's potential to significantly enhance both automotive safety and security applications.
During testing, Apollo accurately detected vehicles and objects on a busy freeway at distances beyond one kilometer. AEye has received positive feedback from customers, Tier 1 partners, and OEMs. For automotive applications, this capability is important in allowing advanced driver assistance systems (ADAS) to detect objects from a longer distance, giving drivers more time to respond effectively, especially at high speeds.
AEye CEO Matt Fisch stated that Apollo's performance makes a strong case for 1550-nanometer technology as OEMs seek an ultra-long-range high-speed lidar solution in a small form factor. The company believes Apollo can meet all of NHTSA's safety performance requirements, including their newest forward collision warning requirement effective at speeds up to 90 miles per hour.
AEye, Inc. (Nasdaq: LIDR), a leader in adaptive, high-performance lidar solutions, has announced its participation in the H.C. Wainwright 26th Annual Global Investment Conference. The event will take place from September 9-11, 2024, with AEye's presentation scheduled for September 9th as an on-demand session available from 7am ET.
Investors interested in attending the conference or meeting with AEye can contact aeye@finprofiles.com. The company will make its presentation and supplemental materials available on its website under the Investor Relations section at https://investors.aeye.ai/news-events/events-presentations.
AEye, Inc. (Nasdaq: LIDR) reported its Q2 2024 results, highlighting significant momentum with the Apollo product launch and OEM engagements. The company beat guidance on cash burn and secured additional capital resources, potentially extending its runway up to four years. Key financial highlights include:
- GAAP net loss of $(8.0) million, or $(1.16) per share
- Non-GAAP net loss of $(6.2) million, or $(0.91) per share
- Cash, cash equivalents, and marketable securities of $28 million as of June 30, 2024
AEye's capital-light partnership model, including collaboration with ATI, LighTekton, and LITEON, is driving OEM interest and product cost reduction initiatives. The company is focused on bringing Apollo to market and pursuing product design wins with partners.
AEye, Inc. (NASDAQ: LIDR), a leader in adaptive lidar solutions, has entered into a common stock purchase agreement with New Circle Principal Investments This agreement allows AEye to sell up to $50 million of its common stock over a 36-month period. CEO Matt Fisch stated that this facility could extend the company's cash runway and support strategic growth initiatives.
The agreement comes as AEye has reached key performance milestones with its Apollo product, an ultra-long range, high-speed lidar solution for the $5 billion ADAS market. The additional capital is expected to fund go-to-market activities for Apollo and help execute on design wins. AEye plans to use the proceeds for working capital, general corporate purposes, and to support growth in the Chinese lidar market.
AEye, Inc. (Nasdaq: LIDR), a global leader in adaptive, high-performance lidar solutions, has announced its participation in the J.P. Morgan Auto Conference in New York, NY on August 7-8, 2024. The company's executive team will deliver a presentation and participate in a fireside chat on August 8th at 12:30pm ET.
Investors and interested parties can access the presentation and supplemental materials through the Investor Relations section of AEye's website at https://investors.aeye.ai/news-events/events-presentations. Those planning to attend the conference or wishing to meet with AEye representatives are encouraged to contact aeye@finprofiles.com.
AEye, Inc. (Nasdaq: LIDR), a global leader in adaptive, high-performance lidar solutions, has announced its plans to release financial results for the second quarter ended June 30, 2024. The results will be made public after the market close on Monday, August 5, 2024. Following the release, the company will host a conference call and audio webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. Investors and interested parties can access supplemental financial information on the company's website prior to the earnings call. AEye has provided links for both the conference call and webcast for easy access.
AEye CEO Matt Fisch will deliver a keynote speech at the 6th Annual Auto Lidar Tech Conference in Suzhou, China, on June 21, 2024. This event, hosted by DVN and Enmore, will attract over 1,500 attendees from various sectors of the lidar industry. Fisch will discuss AEye's software-defined 4Sight™-based product line, emphasizing its adaptability and development speed. AEye has also partnered with Accelight Technologies and LighTekton to bring its ultra-long-range lidar solution to China's trucking and railway systems.
AEye (Nasdaq: LIDR) announced its Q1 2024 financial results, highlighting significant strategic progress and financial discipline. The company reported a GAAP net loss of $10.2 million or $1.61 per share, and a non-GAAP net loss of $7.2 million or $1.13 per share, both adjusted for a 1-for-30 reverse stock split effected in December 2023. Cash, cash equivalents, and marketable securities stood at $28.9 million as of March 31, 2024, extending their operational runway into 2025. AEye reduced its cash burn rate for the fourth consecutive quarter, distinguishing its capital-light model. Strategic milestones include the introduction of its 4Sight Flex product 'Apollo' and a new partnership with LITEON, which is expected to enhance both cost and performance. The company also initiated a key partnership to enter the Chinese market.
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