Water Tower Research - AEYE INC (LIDR) 2Q23 Revenue In Line with a Lower Loss; Progress with Continental Drives a Strong OEM RFQ Pipeline

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Water Tower Research

John Roy, Ph.D

2Q23 Revenue In Line with a Lower Loss; Progress with Continental Drives a Strong OEM RFQ Pipeline

2Q23 revenue came in as expected at $0.6 million, while EPS was slightly better than expected at a loss of $0.07 versus consensus of a loss of $0.09. CEO Matt Fisch said that the company has “taken a significant step forward this quarter in our path to commercialization in the automotive market” and “achieved major in-vehicle test milestones with three prestigious industry players, including NVIDIA and two global automotive OEMs.” AEye’s progress with automotive RFQs (two finalists with four more RFQs in progress) has been based on its product’s performance and cost. The company has lowered the BOM costs to achieve a price point of “well below $1,000”, which should give it a significant advantage... We will be hosting CEO Matt Fisch for a fireside chat on Monday, August 14, 2023, at 11:00 am ET. The registration link is included in our full report and on our website.

08/08/2023 1 EN

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AEYE INC

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US0081831051 United States

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John Roy, Ph.D

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2Q23 Revenue In Line with a Lower Loss; Progress with Continental Drives a Strong OEM RFQ Pipeline

AEye Announces Reverse Stock Split to Ensure Nasdaq Minimum Bid Price Compliance

3Q23 Earnings Show Expenses Now in Line with Automotive-First Strategy

AEye Announces In-Cabin Lidar That Maximizes Both Performance and Vehicle Design

Biopharma Week in Review

Furniture/Furnishings Weekly

The Dark Oxygen Hypothesis

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