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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, Inc. (NASDAQ: LIDR), a leader in adaptive lidar solutions, is set to release its financial results for Q1 2023 on May 11, 2023, after market close. A conference call will follow at 1:30 p.m. PT to discuss the results and strategic benchmarks aimed at commercial production in automotive applications. The call will feature AEye's new management team, including CEO Matt Fisch and interim CFO Conor Tierney. The company emphasizes its innovative 4Sight™ Intelligent Sensing Platform, designed for advanced driver assistance and vehicle autonomy, among other applications.
AEye, Inc. (Nasdaq: LIDR) reported its financial results for Q4 and the full year 2022, emphasizing growth in its lidar technology. For Q4 2022, revenue was $1.1 million with a GAAP net loss of $23.7 million. Full-year revenue totaled $3.6 million, with a GAAP net loss of $98.7 million. The company has $94.2 million in cash and marketable securities as of year-end 2022. A significant leadership change was announced as CFO Robert Brown plans to resign by March 31, 2023, with Conor Tierney stepping in as interim CFO. A conference call to discuss these results is scheduled for March 15, 2023.
AEye, Inc. (NASDAQ: LIDR) will release its fourth-quarter and fiscal year 2022 financial results after the market close on March 15, 2023. The company will host a conference call and audio webcast at 2:00 p.m. PT (5:00 p.m. ET) on the same day. A recording of the call will be available afterward, along with supplemental financial information on the company’s website. AEye specializes in adaptive, high-performance lidar solutions for various applications, including autonomous vehicles and smart infrastructure, aiming to enhance safety and performance in transportation.
AEye, Inc. (NASDAQ: LIDR) announced an inducement equity award for new CEO Matthew Fisch. The grant includes 5,000,000 service-based and 2,000,000 performance-based restricted stock units (RSUs). The service-based RSUs will vest in increments, starting March 15, 2023. The performance-based RSUs are tied to the stock price reaching $1.20 for ten consecutive trading days before March 1, 2024. If the stock does not meet this condition, those RSUs will be forfeited. AEye specializes in software-defined lidar solutions aimed at enhancing vehicle autonomy and safety in various applications.
AEye, Inc. (NASDAQ: LIDR) has appointed Matt Fisch as its new CEO and board member, effective February 13, 2023. Fisch brings over 30 years of experience in leading software development and product commercialization across multiple industries, including automotive and consumer electronics. He previously held key positions at HARMAN International, Intel, and Verifone, enhancing product offerings in high-growth markets. This leadership change aims to boost AEye's transition towards commercializing its cutting-edge software-defined lidar technology and expanding its application across various sectors, particularly in automotive technology.
AEye, Inc. (NASDAQ: LIDR) announced the promotion of Dr. T.R. Ramachandran to Chief Operating Officer, effective immediately. Ramachandran, who previously served as Chief Product Officer, will lead product commercialization efforts. CEO Blair LaCorte will transition to a focused role, stepping down as CEO on February 28, 2023, while remaining on the board. AEye has made progress since its public debut in August 2021, launching new products and initiating pilot programs. The company will begin a search for a new CEO, ensuring leadership continuity through the formation of the Office of the Chief Executive Officer.
AEye, Inc. (NASDAQ: LIDR) showcased cutting-edge automotive sensing technologies with Owl Autonomous Imaging and GPR at a Japanese automotive industry event hosted by Ambassador Rahm Emanuel in Tokyo. The U.S. and Japan maintain a robust trade relationship, totaling $1.6 trillion annually. AEye's 4Sight™ Intelligent Sensing Platform was highlighted for its modular design and adaptability for various applications. CEO Blair LaCorte emphasized the ongoing and future collaboration with Japanese partners to enhance autonomous driving innovation.
AEye, Inc. (NASDAQ: LIDR) will showcase its innovative lidar technology at CES from January 5 to 8, 2023, in Las Vegas. The exhibit will provide an immersive experience in a virtual reality point cloud and include live demonstrations of AEye’s ShadowVan, equipped with its 4Sight Intelligent Sensing Platform. The company aims to highlight the potential of adaptive lidar in enhancing road safety, addressing the alarming rise in roadway fatalities, with approximately 50,000 fatalities annually. AEye will also release findings from its “Safer Mobility Survey” during the event.
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