reports
AEye Announces Reverse Stock Split to Ensure Nasdaq Minimum Bid Price ...
DUBLIN, Calif.--(BUSINESS WIRE)-- AEye, Inc. (“AEye” or the “Company”) (Nasdaq: LIDR), a global leader in adaptive, high performance lidar solutions, today announced that the Company’s Board of Directors (“Board”) has approved a 1-for-30 reverse stock split (the “Reverse Stock Split”) of its common stock, par value $0.0001 per share (the “Common Stock”), that is expected to become effective on Tuesday, December 26, 2023 at 5:00 p.m. Eastern Time (the “Effective Time”). The Common Stock will continue to trade on the Nasdaq Stock Market (“Nasdaq”) under the symbol “LIDR” and will begin trading o...
- John Roy
- Ph.D
3Q23 Earnings Show Expenses Now in Line with Automotive-First Strategy
3Q23 revenue of $0.2 million was slightly below expectations, but EPS was slightly better than expected at a loss of $0.05 versus consensus of a loss of $0.06. CEO Matt Fisch said, “the lidar market has shifted from a ‘battle for the best technology’ to a ‘battle for the best path to commercialization.’” Fisch continues to be bullish and upbeat as AEye’s technology continues to win awards. CFO Conor Tierney highlighted that AEye achieved its goal of reducing cash burn by 50% since the beginning ...
AEye Announces In-Cabin Lidar That Maximizes Both Performance and Vehi...
DUBLIN, Calif.--(BUSINESS WIRE)-- (NASDAQ: LIDR), a global leader in adaptive, high-performance lidar solutions, today announced 4Sight™ Flex – its ultra-compact, high-performance reference design for automotive. 4Sight Flex delivers unparalleled performance in a small, energy-efficient, low-cost form factor, enabling the next wave of L2+, L3, and L4 autonomy and safety features that can be integrated in-cabin. This press release features multimedia. View the full release here: AEye 4Sight Flex: a compact, high performance reference design that seamlessly integrates into vehicles. (Photo: Bu...
AEye 4Sight Lidar Named Reuters 2023 Automotive DRIVE Honours Winner
DUBLIN, Calif.--(BUSINESS WIRE)-- (NASDAQ: LIDR), a global leader in adaptive, high-performance lidar solutions, today announced that it has received the coveted Reuters Automotive DRIVE Honours Award, an annual award for automotive excellence. AEye’s received the Innovation prize, given to 5 companies that have developed an innovative product offering that is accelerating the automotive industry. AEye is joined in the award by Hyundai, Nio, Lucid, and Polestar. The competitive process looked at innovation in technology, supply chain, and partnerships, and elicited hundreds of entries from...
- John Roy
- Ph.D
Co-Founder Puts Spotlight on Safety at Speed Effort and AEye's Impact ...
On October 4, WTR held a fireside chat with AEye’s Co-Founder, EVP, and Chief Strategy Officer Jordan Greene. The conversation can be accessed on demand and the full transcript is in this report. Greene highlighted that automotive fatalities have been on the rise since 2005, coincidentally when the smartphone was introduced. In fact, 2021 was the deadliest year in the US, with 43,000 fatalities. Greene went on to mention that the problem is 50% worse in the US than in the EU. This is most likely...
AEye Files Form S-3 Shelf Registration Statement
DUBLIN, Calif.--(BUSINESS WIRE)-- AEye, Inc. (Nasdaq: LIDR), a global leader in adaptive, high performance lidar solutions, today announced that it has filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission (“SEC”). Under the shelf registration statement, AEye may offer and sell, from time to time, up to $200 million in primary capital in one or more offerings over the next three years after the registration statement is declared effective by the SEC. The capital raises could include common stock, preferred stock, debt securities, warrants, rights, and/or ...
- John Roy
- Ph.D
Water Tower Hour Recap: AEye's Lidar Technology Drives Automotive Safe...
AEye, Inc. (LIDR) is a leading lidar company with offices in Germany, Korea, and the US. AEye’s unique software-defined lidar solution enables advanced driver-assistance, vehicle autonomy, smart infrastructure, and logistics applications that save lives and propel the future of transportation and mobility. AEye’s 4Sight™ Intelligent Sensing Platform, with its adaptive sensor-based operating system, focuses on what matters most: delivering faster, more accurate, and reliable information. AEye’s 4...
- John Roy
- Ph.D
CEO Highlights AEye's Technology and Why it is Needed for Auto Safety ...
On August 14, WTR held a fireside chat with AEye CEO Matt Fisch. The conversation can be accessed on demand in the full report or on our website. Fisch highlighted how AEye is solving two key auto issues: (1) improved safety; and (2) autonomous operation. Lidar is needed to improve a car’s ability to ‘see’. Fisch pointed out that cameras only see in two dimensions, which can lead to bad decisions (e.g. seeing a manhole cover as an obstacle that must be avoided). While lidar can see in four dime...
- John Roy
- Ph.D
2Q23 Revenue In Line with a Lower Loss; Progress with Continental Driv...
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 mor...
AEye Reports Second Quarter 2023 Results
DUBLIN, Calif.--(BUSINESS WIRE)-- AEye, Inc. (Nasdaq: LIDR), a global leader in adaptive, high performance lidar solutions, today announced its results for the second quarter ended June 30, 2023. Management Commentary “AEye has taken a significant step forward this quarter in our path to commercialization in the automotive market,” said Matt Fisch, AEye CEO. “We’ve achieved major in-vehicle test milestones with three prestigious industry players, including NVIDIA and two global automotive OEMs; AEye has solidified a production-ready supply chain with Continental to deliver an ADAS product ...
AEye to Participate in Upcoming Conferences
DUBLIN, Calif.--(BUSINESS WIRE)-- (Nasdaq: LIDR), a global leader in adaptive, high-performance lidar solutions, today announced that CEO Matt Fisch will participate in the following conferences during the month of August: JP Morgan Automotive Conference, New York, NY Event Date: August 10th Presentation Time: 4:30pm ET Jefferies Semiconductor, IT Hardware & Communications Technology Summit, Chicago, IL Event Date: August 29th If you plan to be at these conferences or wish to meet with AEye, please contact . All presentations and supplemental materials will be available under the Inve...
AEye to Report Second Quarter 2023 Financial Results on Monday, August...
DUBLIN, Calif.--(BUSINESS WIRE)-- (Nasdaq: LIDR), a global leader in adaptive, high-performance lidar solutions, today announced that it will release its financial results for the second quarter ended June 30, 2023 after the market close on Monday, August 7, 2023. A conference call and audio webcast will be held the same day at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). Supplemental financial information will be available on the company’s website prior to the earnings call. To access the conference call, please use the following links: Conference call: /3pNgUb0 Webcast: About ...
- John Roy
- Ph.D
Initiation Update: New Management Focusing on Automotive First
AEye is the global leader in adaptive, high-performance LiDAR solutions. Its software-driven LiDAR platform (4Sight™ Intelligent Sensing Platform [4Sight]) and its partnering and licensing business model are key to AEye’s differentiation and significant multi-market revenue runway. Near term, there are 6+ automotive OEM nominations with six to 10 million LiDAR units providing more than $5 billion in gross revenue opportunity. Longer term, the LiDAR total addressable market (TAM) is expected to g...
AEye Unveils 4Sight+ – Dramatically Increasing Spatial Resolution and ...
DUBLIN, Calif.--(BUSINESS WIRE)-- (NASDAQ: LIDR), a global leader in adaptive, high-performance lidar solutions, today announced 4Sight+, the newest addition to its 4Sight™ Intelligent Sensing product line that delivers industry-leading path-planning, obstacle avoidance, and prediction capabilities. AEye leveraged its software-defined architecture to improve the sensor’s range by 20% and increase spatial resolution by 400%, extending its high speed small obstacle detection capabilities, while enabling the same hardware to address hazardous vehicle cut-ins - providing an all-in-one solution fo...
- John Roy
- Ph.D
Co-Founder: EVs Will Move Profit Pools into the Sweet Spot of AEye's T...
On June 22, 2023, we held a fireside chat with AEye’s Co-Founder, EVP, and Chief Strategy Officer Jordan Greene. This report contains a transcript of the conversation, which can be accessed on demand in our full report or on our website. Greene made the case that EVs will see profit pools move to software and additional features as most OEMs are getting much of the EVs from the same suppliers—cutting into differentiation. Greene sees LiDAR as one of the foundational technologies for a safer car....
- John Roy
- Ph.D
CEO Discusses New Auto-First Strategy and the Next Six to 12 Months
On May 17, we held a fireside chat with AEye CEO Matt Fisch. This report contains a transcript of the conversation, which can be accessed on demand. Fisch talked about his decision to join AEye earlier this year, which included: an opportunity to build new technology for the auto market, to be involved with a very strong team, superior technology, and business model, and to be involved with a great partner in Continental. Fisch highlighted that execution will be the focus for the next few quarte...
- John Roy
- Ph.D
Automotive-First, Capital-Light, and Partnership with Continental Posi...
1Q23 revenue came in at the midpoint of guidance at $0.6 million. CEO Matt Fisch has been making changes and said that after "a comprehensive review of AEye's business, it was clear that we needed to intensify our focus on automotive and our path to commercialization with Continental, while aligning our resources with this streamlined business model." The company's automotive-first strategy, capital-light model, and strategic partnership with Continental should position it well in the upcoming L...
AEye Reports First Quarter 2023 Results
DUBLIN, Calif.--(BUSINESS WIRE)-- AEye, Inc. (Nasdaq: LIDR), a global leader in adaptive, high performance lidar solutions, today announced its results for the first quarter ended March 31, 2023. Management Commentary “After a comprehensive review of AEye’s business, it was clear that we needed to intensify our focus on automotive and our path to commercialization with Continental, while aligning our resources with this streamlined business model,” said Matt Fisch, Chief Executive Officer of AEye. “During the first quarter of 2023, we made considerable progress in reducing our cost structu...
AEye Announces Appointment of Conor Tierney as Chief Financial Officer
DUBLIN, Calif.--(BUSINESS WIRE)-- (NASDAQ: LIDR), a global leader in adaptive, high-performance lidar solutions, today announced that Conor Tierney has been appointed Chief Financial Officer and Treasurer. Tierney joined AEye as Chief Accounting Officer in January 2022 and most recently served as the company’s Interim Chief Financial Officer. “I am pleased to welcome Conor Tierney to our executive team as Chief Financial Officer,” said Matt Fisch, Chief Executive Officer of AEye. “Conor joined AEye in 2022, with twenty years of financial leadership and management experience with top technol...
AEye’s Ultra-Long Range Automated Incident Detection (AID) Solution Wi...
DUBLIN, Calif.--(BUSINESS WIRE)-- (NASDAQ: LIDR), a global leader in adaptive, high-performance lidar solutions, today announced it has been awarded Intelligent Transportation Society of America’s (ITS America) Best of ITS Award for its Ultra-Long Range Automated Incident Detection (AID) project with the Minnesota Department of Transportation (MnDOT) and VSI Labs. The three entities partnered to validate that AEye’s can provide reliable detection, even in harsh Minnesota winter weather conditions, at 800 meter range – performance that exceeds existing AID application expectations and pushes ...
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