Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 333-259554 AEye, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of inc ...

Financial Data and Key Metrics Changes - In Q4 2024, AEye reported a GAAP net loss of $8.5 million or $0.93 per share, compared to a loss of $8.7 million or $1.01 per share in Q3 2024, indicating a slight improvement [26] - Non-GAAP net loss was $6.3 million or $0.69 per share in Q4 2024, compared to a loss of $6 million or $0.70 per share in the previous quarter [27] - Cash, cash equivalents, and marketable securities at the end of Q4 2024 totaled $22.3 million, with total potential liquidity around $80 million including capital raised post-quarter [20][28] Business Line Data and Key Metrics Changes - The Apollo LiDAR sensor has undergone significant improvements, demonstrating high-resolution long-range detection capabilities at 1 kilometer, and has been positively received in various market sectors [9][10] - The manufacturing line for Apollo is ramping up with a Tier 1 partner, with the first units expected in Q1 2025 [12] Market Data and Key Metrics Changes - AEye is seeing increased interest in Apollo across multiple sectors, including security, rail, and intelligent transportation systems, indicating a broadening market appeal beyond automotive [16][23] - The partnership with NVIDIA is facilitating access to new OEMs, enhancing AEye's market position [14][23] Company Strategy and Development Direction - AEye's strategy focuses on leveraging its capital-light model and partnerships to extend its cash runway and support high-volume production of Apollo [11][18] - The company aims to position Apollo for mass production and is actively engaging with global OEMs for rigorous testing [13][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting OEM demands, emphasizing that LiDAR technology is essential for future automotive success [18] - The company anticipates cash burn for 2025 to be $25 million, slightly up from 2024, primarily due to increased investments for Apollo's ramp-up [28] Other Important Information - AEye has the lowest cash burn rate in the industry, which provides resilience amid challenging market conditions [18] - The company has successfully raised approximately $18 million since the beginning of Q4 2024, extending its financial runway to mid-2026 [21] Q&A Session Summary Question: Could you speak about non-automotive opportunities? - Management highlighted Apollo's capabilities in security applications, noting significant interest and ongoing testing in China, the U.S., and Europe [34][37] Question: Does greater liquidity give you more confidence in meeting OEM financial due diligence requirements? - Management confirmed that liquidity is crucial for OEMs to feel comfortable with AEye's ability to reach high-volume production [40][42] Question: Can you frame what high volume means? - Management defined high volume as starting in the tens of thousands of units, with potential to ramp above 100,000 units annually [46][49] Question: What is the current market appetite for LiDAR in vehicles? - Management indicated that several OEMs are committed to Level 3 programs, which include LiDAR, and that there is a strong push for eyes-off, hands-free driving [58][61] Question: What is the expected cash spend in R&D? - Management estimated that R&D constitutes roughly half of the overall operating expenses, with a focus on Apollo support and customer integration [73][76] Question: Is AEye more geographically fluid in pursuing opportunities? - Management affirmed that AEye's partnerships allow for a global presence, enabling operations across multiple regions including the U.S., China, and Europe [81][84]

Fourth Quarter 2024 Earnings CEO Matt Fisch CFO Conor Tierney February 20, 2025 Disclaimer Forward-Looking Statements This presentation of AEye, Inc. ("AEye" or the "Company") includes statements that are not historical facts, but rather are forward- looking statements within the meaning of the federal securities laws, including safe harbor provisions under the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are sometimes accompanied by words such as "believe," "continue," ...

AEye Reports Fourth Quarter 2024 Results Apollo launches in US at CES On-track for Apollo manufacturing ramp with large global Tier 1 partner Management Commentary Matt Fisch, AEye CEO, said, "AEye just closed out a transformational year marked by significant milestones including a new product launch, extended financial runway, increased engagement with OEM customers, and expansion into new markets. Apollo has officially launched in the U.S. and is currently being tested in the field by customers interested ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 333-259554 AEye, Inc. (Exact name of registrant as specified in its charter) Delaware 37-1827430 (State ...

AEye, Inc. (NASDAQ:LIDR) Q3 2024 Earnings Conference Call November 11, 2024 5:00 PM ET Company Participants Matt Fisch – Chief Executive Officer Conor Tierney – Chief Financial Officer Conference Call Participants Brian Kinstlinger – Alliance Global Partners Operator Thank you for standing by. My name is Jeanine and I will be your conference operator for today. At this time I would like to welcome everyone to the AEye Q3 2024 Earnings Conference Call. All lines have been placed on mute to prevent any backgr ...

Matt Fisch Conor Tierney Third Quarter Earnings November 12, 2024 Disclaimer Forward-Looking Statements This presentation of AEye, Inc. ("AEye" or the "Company") includes statements that are not historical facts, but rather are forward- looking statements within the meaning of the federal securities laws, including safe harbor provisions under the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are sometimes accompanied by words such as "believe," "continue," "project," "ex ...

AEye Reports Third Quarter 2024 Results Apollo shines in major in-vehicle driving test with NVIDIA Plan to establish Apollo manufacturing line with LITEON in 2024 PLEASANTON, Calif. -- (BUSINESS WIRE) – November 12, 2024 – AEye, Inc. (Nasdaq: LIDR), a global leader in adaptive, high performance lidar solutions, today announced its results for the third quarter ended September 30, 2024. Quarterly Business Highlights · Apollo met the NVIDIA DRIVE Hyperion specifications, paving way for platform integration · ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 333-259554 AEye, Inc. (Exact name of registrant as specified in its charter) Delaware 37-1827430 (State or o ...

AEye, Inc. (NASDAQ:LIDR) Q2 2024 Results Conference Call August 5, 2024 5:00 PM ET Company Participants Matt Fisch - Chief Executive Officer Conor Tierney - Chief Financial Officer Conference Call Participants Kevin Garrigan - WestPark Capital Unidentified Company Representative Good afternoon, and thank you for joining AEye's Second Quarter 2024 Earnings Call. With me today are Matt Fish, Chief Executive Officer, and Conor Tierney, Chief Financial Officer. Earlier today, AEye announced its financial resul ...