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LIDRW

AEye, Inc.

LIDRW

AEye, Inc. • NASDAQ
$0.11 ▲ 7.00% (+0.01)
Market Cap $66.37 M
52w High $0.58
52w Low $0.01
Dividend Yield 0%
P/E -0.03
Volume 12.22K
Outstanding Shares 595.83M

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 Q4-2024Q1-2025Q2-2025Q3-2025
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 business. Over the last several years it has not generated meaningful sales but has consistently posted losses. Those losses come mainly from ongoing operating costs like research, engineering, and corporate overhead rather than from unusual one‑off items. The good news is that the size of the losses appears to be gradually shrinking, which suggests cost discipline and some scaling benefits. The flip side is that, without revenue to offset expenses, the business model has not yet been proven commercially, and the company remains firmly in the “investment phase” rather than the “profit phase.”

Balance Sheet

Balance Sheet The balance sheet is small and lean. Total assets and cash are modest, and cash has been trending down as the company funds operations. There is some debt, but the overall capital structure is still mostly equity‑funded. Equity improved from a negative position a few years ago to a positive base, but that equity cushion has been eroding as losses accumulate. In simple terms, AEye has limited financial buffer and will likely continue to rely on outside capital unless it can grow revenue meaningfully. That makes balance sheet strength a key area to watch.

Cash Flow

Cash Flow Cash flow shows a clear pattern: money goes out, very little comes in. Operating cash flow has been negative every year, broadly in line with the accounting losses, which indicates the business is burning cash to fund ongoing development and operations. Free cash flow is similarly negative, although capital spending on physical assets is minimal. This is typical for a software‑heavy, asset‑light tech company, but it also means the business depends on fresh funding over time. Sustainability of this cash burn is a central financial risk until recurring revenue appears.

Competitive Edge

Competitive Edge On the strategic side, AEye is positioned as a specialist in advanced LiDAR for autonomy and smart infrastructure, with a focus on being more adaptive and software‑driven than traditional sensors. Its strengths include a differentiated “intelligent” sensing approach, a strong patent portfolio, and partnerships with major automotive and computing players. The capital‑light model, relying on Tier 1 partners for manufacturing, can be attractive if volumes scale. However, the LiDAR space is crowded, with many well‑funded competitors, rapidly evolving standards, and intense pricing pressure. The company’s dependence on a few key partners and the need to convert technology trials into large, repeat orders are important competitive uncertainties.

Innovation and R&D

Innovation and R&D Innovation is clearly the core of AEye’s story. The company has built a software‑defined LiDAR platform that can change how and where it looks in real time, which is a distinctive technical angle. Its 4Sight platform, Apollo sensor line, and OPTIS full‑stack solution aim to move the business beyond simple hardware into intelligent perception systems. The architecture is designed for over‑the‑air software upgrades, which could extend product life and create ongoing software revenue if adoption grows. At the same time, this innovation strategy is costly: sustained R&D spending is required, and success depends on real‑world performance, customer acceptance, and ecosystem adoption in markets like automotive, trucking, and smart infrastructure.

Summary

AEye is an early‑stage, technology‑driven LiDAR company with an ambitious, software‑centric vision and a lean, partnership‑based business model. Financially, it remains pre‑revenue, loss‑making, and cash‑burning, with a small balance sheet and a limited capital cushion. Strategically, it has notable strengths in intellectual property, product design, and ecosystem partnerships, but operates in a highly competitive and uncertain market where many peers are also racing to win design slots and long‑term production contracts. The key tension is straightforward: strong technological promise and innovation on one side, set against unproven commercial traction and tight financial resources on the other. How quickly and reliably the company can turn its technology and partnerships into stable, scalable revenue will likely define its future trajectory and risk profile.