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LIDR

AEye, Inc.

LIDR

AEye, Inc. • NASDAQ
$2.62 ▲ 4.38% (+0.11)
Market Cap $118.04 M
52w High $6.44
52w Low $0.49
Dividend Yield 0%
P/E -1.12
Volume 655.35K
Outstanding Shares 45.05M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $50K ▲ $7.772M ▼ $-9.33M ▼ -18.66K% ▲ $-0.3 ▼ $-9.237M ▼
Q2-2025 $22K ▼ $8.619M ▲ $-9.27M ▼ -42.136K% ▼ $-0.005 ▼ $-8.867M ▼
Q1-2025 $64K ▲ $6.768M ▼ $-8.016M ▲ -12.525K% ▲ $-0.001 ▲ $-5.993M ▲
Q4-2024 $46K ▼ $8.992M ▲ $-8.548M ▲ -18.583K% ▼ $-0.001 ▼ $-8.946M ▼
Q3-2024 $104K $7.644M $-8.706M -8.371K% $-0.001 $-7.823M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $84.333M ▲ $87.548M ▲ $9.356M ▼ $78.192M ▲
Q2-2025 $19.21M ▼ $22.102M ▼ $11.92M ▲ $10.182M ▼
Q1-2025 $25.926M ▲ $28.796M ▲ $11.798M ▼ $16.998M ▲
Q4-2024 $22.278M ▼ $27.12M ▲ $11.996M ▲ $15.124M ▲
Q3-2024 $22.435M $26.368M $11.462M $14.906M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-9.33M ▼ $-6.089M ▲ $-24.481M ▼ $71.231M ▲ $40.661M ▲ $-6.127M ▲
Q2-2025 $-9.27M ▼ $-6.355M ▲ $3.892M ▲ $-430K ▼ $-2.893M ▲ $-6.363M ▲
Q1-2025 $-8.016M ▲ $-7.803M ▼ $-8.578M ▼ $11.382M ▲ $-4.999M ▼ $-7.809M ▼
Q4-2024 $-8.548M ▲ $-4.806M ▲ $4.604M ▲ $4.617M ▲ $4.415M ▲ $-4.872M ▲
Q3-2024 $-8.706M $-7.573M $147K $-88K $-7.514M $-7.759M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Product
Product
 $0 ▲$0 ▲$0 ▲$0 ▲
Technology Service
Technology Service
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement AEye is still essentially a pre‑revenue company: it has not yet converted its technology into meaningful sales. The income statement is dominated by research, development, and overhead costs, which show up as recurring operating losses each year. Losses have been relatively steady rather than exploding, which suggests some cost discipline, but they are still material relative to the company’s very small scale. Overall, this is a classic early‑stage profile: promising technology, but no revenue base yet to support the expense structure.

Balance Sheet

Balance Sheet The balance sheet is small and has shrunk notably from earlier years, indicating that the company has been drawing down resources over time. Cash is modest, so there is not a large financial cushion, although reported debt has come down from prior levels. Shareholder equity is positive, but much lower than just a few years ago, reflecting cumulative losses and a leaner asset base. The reverse stock split also signals that the company has had share price and listing‑standard pressures, common for SPAC‑era, early‑stage tech names.

Cash Flow

Cash Flow Cash flow is consistently negative, driven by operating losses rather than heavy investment in physical assets. Free cash flow closely tracks operating cash flow, since capital spending is minimal; most cash is going into people, engineering, and commercialization efforts instead of factories or equipment. While the rate of cash burn appears to have improved somewhat versus earlier years, the business still depends on outside funding over time unless it can ramp revenue. The key financial question is whether future sales growth will arrive before the current cash runway is exhausted.

Competitive Edge

Competitive Edge AEye operates in a crowded and high‑stakes LiDAR and autonomous sensing market, facing well‑funded rivals that already have headline automotive design wins. Its differentiation is mainly in software: a flexible, software‑defined sensor that can change how it scans in real time, paired with a capital‑light model that leans on large partners for manufacturing. This positioning could be attractive to customers who value upgradability and low upfront hardware commitments. However, without major production contracts announced at scale, its competitive strength is still more about potential than proven market share.

Innovation and R&D

Innovation and R&D Innovation is clearly the core focus: AEye’s platform blends LiDAR, cameras, and AI in a way that mimics human vision and can be tuned by software, which is distinct from many more hardware‑fixed competitors. Its approach allows over‑the‑air feature upgrades and performance boosts on the same hardware, which, if widely adopted, could create a sticky ecosystem and recurring software value. The company is extending this into full solutions, such as a combined sensor‑plus‑compute platform for transportation, safety, and infrastructure markets. The main R&D risk is execution: turning strong lab‑level technology and patents into rugged, cost‑effective products that win long‑term contracts in automotive and industrial settings.

Summary

AEye looks like a classic high‑risk, high‑uncertainty early‑stage technology story: advanced and differentiated LiDAR and perception technology, but effectively no revenue and ongoing losses. The balance sheet and cash flows show a company that is running lean, funding innovation and commercialization while gradually consuming its financial resources. Technologically, its software‑defined sensing and capital‑light partnership model give it a distinctive angle compared with other LiDAR players, but commercial traction is not yet established at scale. Going forward, the story hinges less on further technical breakthroughs and more on design wins, production programs, and disciplined cash management to bridge the gap from prototype to profitable deployments.

NEWS

November 6, 2025 · 4:05 PM UTC

AEye Reports Third Quarter 2025 Results

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November 6, 2025 · 8:00 AM UTC

AEye Expands Apollo Manufacturing Capacity to 60,000 Units, Bolstered by a Globally Recognized Institutional Investor

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October 30, 2025 · 4:05 PM UTC

AEye to Showcase its Apollo Lidar Sensor at Resilient City Expo

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October 16, 2025 · 4:05 PM UTC

AEye to Report Third Quarter 2025 Financial Results on Thursday, November 6

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October 7, 2025 · 8:00 AM UTC

AEye Has Begun Shipments of Apollo to a Global Defense Contractor for Use in Manned and Unmanned Aerial Vehicles

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