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, Inc. (NASDAQ: LIDR) participated in the inaugural Lidar Coalition Policy Summit in Washington, D.C., focusing on the role of lidar technology in reducing traffic fatalities. With 42,915 deaths reported in 2021—a 10.5% increase—AEye advocates leveraging lidar's capabilities to enhance road safety. At the summit, AEye's Brent Blanchard moderated discussions on implementing lidar in public policy. The company emphasizes that its 4Sight™ Intelligent Sensing Platform is designed to improve vehicle autonomy and safety, addressing critical needs in low-light conditions.
AEye, Inc. (Nasdaq: LIDR) announced a strong start to Q1 2022, reporting $1.1 million in revenue despite challenges. The company faced a GAAP net loss of $(24.9) million or $(0.16 per share. Non-GAAP net loss was $(19.5) million, $(0.13 per share. Despite these losses, AEye maintains a strong cash position of $143.9 million and emphasizes its ongoing efforts in commercial production and market innovation.
AEye, Inc. (NASDAQ: LIDR) showcased its 4Sight™ Intelligent Sensing Platform at AutoSens Detroit, highlighting its adaptive lidar solutions for automotive OEMs. This software-defined technology allows flexibility in sensor placement, enhancing vehicle-specific performance without hardware changes. The platform also supports over-the-air updates to improve safety features. With over 100 patents filed globally, AEye aims to lead the lidar market as automakers transition to software-driven models.
AEye, Inc. (Nasdaq: LIDR) will release its financial results for Q1 2022 on May 13, 2022, after market close. Management will discuss these results and the company's progress during a conference call/webcast at 2:00 p.m. PT (5:00 p.m. ET). The call can be accessed via the company's investor website. AEye specializes in adaptive lidar solutions for advanced driver-assistance, vehicle autonomy, and smart infrastructure. The financial release and supplemental information will be available on the company's website prior to the call.
AEye, Inc. (NASDAQ: LIDR) has expanded its global footprint with the opening of a new office in Munich, Germany. This move aims to better support its growing customer base in sectors such as automotive, mobility, and smart infrastructure. Veteran automotive leader Andreas Prinz has been appointed as the Technical Sales Director for Europe, bringing over 20 years of industry experience. AEye has experienced strong demand in Europe, prompting the need for an on-the-ground presence. This office will enhance collaboration with partners and clients while pushing forward AEye's mission for safe autonomy.
AEye, Inc. (NASDAQ: LIDR) announced participation in the Bank of America Securities 2022 Global Automotive Summit on April 13, 2022. The executive team will present at 11:20 AM ET / 8:20 AM PT. A live webcast will be available at this link. An archived version will also be accessible on AEye's Investor Relations Website. AEye specializes in adaptive, high-performance lidar solutions, enhancing safety and performance in driver-assistance and autonomous vehicle technology.
AEye, Inc. (Nasdaq: LIDR) reported a strong performance for 2021, exceeding Wall Street revenue expectations with $3 million in annual revenue. Key milestones included advancements in productization and partnerships with companies like Continental and TuSimple. The company transitioned to manufacturing with Continental for automotive applications and established industry performance standards for lidar technology. Despite a GAAP net loss of $65 million, AEye ended 2021 with $164 million in cash, positioning itself for growth in 2022, targeting revenues of $4 to $6 million.
AEye, Inc. (NASDAQ: LIDR) announced that its CTO and founder, Luis Dussan, was named one of Business Insider's Self-Driving Power Players of 2022, recognizing his leadership in developing groundbreaking software-defined lidar technology. AEye’s adaptive lidar solutions offer advanced perception, crucial for the safe commercialization of autonomous vehicles. In collaboration with Continental, AEye aims to penetrate the consumer market with its HRL131 lidar product, slated for production in 2024. Dussan's innovative platform addresses key challenges in autonomous driving, enhancing safety and efficiency.
AEye, Inc. (NASDAQ: LIDR) will announce its fourth quarter and full year financial results for 2021 on March 28, 2022, after market close. Management will discuss the results and company performance during a conference call/webcast at 2:00 PM PT. Investors can access the webcast through AEye's investor relations website. AEye specializes in adaptive lidar solutions for advanced driver-assistance and vehicle autonomy, utilizing its 4Sight™ Intelligent Sensing Platform for enhanced safety and performance in dynamic environments.
AEye, Inc. will showcase its 4Sight M Adaptive Lidar at the upcoming Intertraffic Amsterdam exhibition from March 29 to April 1, 2022. Demonstrating live pedestrian tracking, AEye aims to highlight the importance of lidar technology in enhancing intelligent transportation systems (ITS) for improved safety. The company will have a presence at three locations, including its booth 05.424 and collaborations with Seoul Robotics and Intetra. This event aims to address the demand for more sophisticated traffic infrastructure in the era of connected, autonomous, shared, and electric vehicles.
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