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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 (NASDAQ: LIDR) reported its Q4 2024 results, highlighting significant milestones including the successful U.S. launch of Apollo, their behind-the-windshield lidar solution, at CES. The company achieved a Q4 2024 GAAP net loss of $(8.5) million, or $(0.93) per share, and a non-GAAP net loss of $(6.3) million, or $(0.69) per share.
Financial highlights include beating quarterly cash burn guidance for the fourth consecutive quarter, with Q4 cash burn at $4.8 million. The company ended Q4 2024 with $22.3 million in cash and marketable securities, raising an additional $12.7 million in early 2025, bringing total potential liquidity to approximately $80 million. The cash runway has been extended to mid-2026.
For 2025, AEye expects cash burn of $25 million, a moderate increase from 2024 due to investments in Apollo's high-volume production ramp.
AEye (Nasdaq: LIDR), a global leader in adaptive, high-performance lidar solutions, has announced its upcoming fourth quarter 2024 financial results release. The company will disclose its financial performance for the quarter ended December 31, 2024, after market close on Thursday, February 20, 2025.
A conference call and audio webcast are scheduled for the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time). The company will make supplemental financial information available on its website before the earnings call.
AEye (Nasdaq: LIDR), a leader in adaptive, high-performance lidar solutions, has announced its participation in the upcoming Alliance Global Partners (A.G.P.) Virtual Technology Conference. The event is scheduled for February 12, 2025, where CFO Conor Tierney will represent the company in one-on-one meetings.
Interested parties can request meetings with AEye by contacting aeye@finprofiles.com. Additional details about the conference participation will be accessible through the Investor Relations section of AEye's website.
AEye (Nasdaq: LIDR), a leader in adaptive, high-performance lidar solutions, announced advancements in its Apollo 4Sight™ system. Apollo has achieved record-breaking performance with its ability to detect hard-to-perceive black vehicles at over 300 meters while maintaining a 120° x 20° field of view from behind the windshield. This represents a significant improvement over traditional lidar units mounted on vehicle roofs, addressing optical challenges posed by standard glass windshields. Dynamic tests utilized a Wideye® windshield optimized for high infrared transparency, showcasing AEye's 1550-nanometer lidar capabilities.
AEye CEO Matt Fisch highlighted the advantages of this integration, including reduced system costs and a cleaner vehicle roofline. AEye claims that Apollo now offers the best lidar solution available. Attendees of CES 2025 from January 7-10 can experience live demonstrations of Apollo. Interested customers and partners can contact CES@AEye.ai for live demo inquiries.
AEye (Nasdaq: LIDR) announced it will showcase its Apollo lidar sensor at CES 2025 in Las Vegas from January 7-10. The Apollo sensor recently achieved a significant milestone by detecting objects at distances up to one kilometer, while maintaining what is believed to be the smallest form factor in the lidar industry.
The company will offer both showroom floor and in-vehicle demonstrations of the Apollo sensor at booth #42227, highlighting its windshield integration capabilities. CEO Matt Fisch emphasized that Apollo's ability to collect high-resolution data over long distances is important for advancing automotive safety and security, particularly when combined with AI-powered decision-making systems.
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.
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