AEye Reports Second Quarter 2024 Results Significant OEM interest in Apollo; Company looks toward market launch Beat guidance on cash burn; new capital resources extend runway PLEASANTON, Calif. -- (BUSINESS WIRE) – August 5, 2024 -- AEye, Inc. (Nasdaq: LIDR), a global leader in adaptive, high performance lidar solutions, today announced its results for the second quarter ended June 30, 2024. Management Commentary "AEye gained significant momentum in the second quarter with our Apollo product launch, OEM an ...

AEye, Inc. (NASDAQ:LIDR) Q1 2024 Earnings Conference Call May 14, 2024 5:00 PM ET Company Participants Leigh Bannister - Director of Finance Matt Fisch - CEO Conor Tierney - CFO Conference Call Participants Kevin Garrigan - West Park Capital Leigh Bannister Good afternoon, and thank you, for joining AEye's First Quarter 2024 Earnings Call. With me today are Matt Fisch, Chief Executive Officer; and Conor Tierney, Chief Financial Officer. Earlier today, we announced our financial results for the first quarter ...

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 March 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 incorporation or ...

EXHIBIT 99.1 FOR IMMEDIATE RELEASE – DRAFT AEye Reports First Quarter 2024 Results Kicked off key strategic partnership that will bring AEye's lidar into the China market Fourth consecutive quarter of cash burn reduction DUBLIN, Calif. – (BUSINESS WIRE) – May 14, 2024 – AEye, Inc. (Nasdaq: LIDR), a global leader in adaptive, high performance lidar solutions, today announced its results for the first quarter ended March 31, 2024. Management Commentary "AEye made incredible progress with our capital-light par ...

AEye (NASDAQ:LIDR) stock is taking off on Friday after the lidar systems company announced a new partnership with LiteOn Technology Corporation.This is a follow-up to the company’s non-binding Letter of Intent that was announced in March. LiteOn Technology Corporation is the company that was talked about in that announcement but wasn’t named until now.According to AEye, this partnership with LiteOn Technology Corporation secures it a channel and industrialization partner. This will see the two companies wor ...

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, 2023 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 incorporation or orga ...

Financial Data and Key Metrics Changes - The company reduced its net cash burn by $3.4 million to $9.4 million from the prior quarter's cash burn of $12.8 million, marking the third consecutive quarter of cash burn reductions [25] - Fourth quarter revenues were $69,000 compared to $188,000 in the prior quarter, with gross margins decreasing due to lower revenue and increased noncash inventory write-downs of $2.2 million [26] - GAAP operating expenses for the fourth quarter were $21.8 million, up 69% from the prior quarter, primarily due to cash restructuring charges and noncash impairment charges [27] - The fourth quarter GAAP net loss was $27.8 million or $4.44 per share, compared to a GAAP net loss of $17 million or $2.78 per share in the previous quarter [28] - The company closed the fourth quarter with $36.5 million in cash, cash equivalents, and marketable securities, with no debt [31] Business Line Data and Key Metrics Changes - The company continues to focus on key automotive milestones under its automotive-first strategy, which has led to a reduction in revenue as it winds down its current industrial product line [26] - Non-GAAP operating expenses were $6.5 million, down from $8.5 million in the previous quarter, due to ongoing cost reduction initiatives [28] Market Data and Key Metrics Changes - The company has signed a letter of intent with a global Tier 1 automotive ADAS sensor supplier, indicating increased engagement from OEMs and a rise in RFI and RFQ activity [7][10] - The road safety crisis is worsening, with pedestrian fatalities in the U.S. increasing by nearly 80% from 2010 to 2021, highlighting the urgent need for LiDAR technology [17] Company Strategy and Development Direction - The company emphasizes a capital-light business model, which is expected to extend its cash runway well into 2025 and allows it to weather current industry headwinds [12][34] - The focus remains on market-leading product performance and go-to-market strategies via Tier 1 partners, leveraging existing supply chain infrastructure for efficient integration [13][14] Management's Comments on Operating Environment and Future Outlook - Management acknowledges that broader market conditions have caused delays in LiDAR adoption within OEM vehicle programs but remains optimistic about ongoing discussions with OEMs [10] - The company expects cash burn for 2024 to be in the range of $20 million to $25 million, representing a 75% reduction compared to Q1 2023 [32] - Management is confident in the differentiation of its technology and the potential for significant opportunities with OEM partners [34] Other Important Information - The company underwent a reverse stock split in December 2023, and all financial information presented has been adjusted accordingly [24] - The company has access to an equity line of credit facility and a shelf registration statement, allowing it to raise up to $200 million over the next 2.5 years [31] Q&A Session Summary Question: Can you provide more details about the Tier 1 announcement and its implications? - The company is already working with the Tier 1 partner on inbound RFI and RFQs, indicating a strong collaboration moving forward [38] Question: How is the LOI structured in comparison to the previous partnership with Continental? - The company expects a similar revenue-sharing structure as with Continental, which fits into its capital-light model [55] Question: What are the expectations for the LiDAR market in 2024? - While the market has been challenging, there has been significant activity in Q1, leading to cautious optimism regarding series production agreements [56][58]

EX-99.1 2 ss3175926_ex9901.htm EARNINGS TABLE FOR IMMEDIATE RELEASE AEye Reports Fourth Quarter 2023 Results Signed LOI with global Tier 1 automotive supplier Third consecutive quarter of cash burn reduction DUBLIN, Calif. -- (BUSINESS WIRE) – March 26, 2024 – AEye, Inc. (Nasdaq: LIDR), a global leader in adaptive, high performance lidar solutions, today announced its results for the fourth quarter and year ended December 31, 2023. Management Commentary "AEye is pleased to announce that we have signed an LO ...

Matt Fisch November 9, 2023 Nasdaq 1 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," "expect," "anticipate," "estimate," "intend," "strategy," "future," "op ...

AEye, Inc. (NASDAQ:LIDR) Q3 2023 Earnings Conference Call November 9, 2023 5:00 PM ET Company Participants Jennifer Deitsch - Communications Director Matt Fisch - Chief Executive Officer Conor Tierney - Chief Financial Officer Conference Call Participants Brooks O'Neil - Lake Street Capital Markets Jeffrey Cohen - Ladenburg Thalmann Scott Henry - ROTH Capital Operator Good day, and thank you for standing by. Welcome to the AEye Third Quarter 2023 Financial Results Conference Call. At this time all participa ...