AEye Q4 GAAP EPS -$0.15, FY -$0.63; CFO resigns effective March 31

AEye, Inc.

Q4 revenue $1.1M; GAAP net loss $(23.7)M ($0.15/share), non-GAAP net loss $(17.5)M ($0.11/share).
FY 2022 revenue $3.6M; GAAP net loss $(98.7)M ($0.63/share), non-GAAP net loss $(73.8)M ($0.47/share).
Cash, cash equivalents, and marketable securities were $94.2M as of December 31, 2022.
CFO Robert Brown resigns effective March 31, 2023 to pursue opportunity outside lidar industry; no disagreement.
Conor Tierney (CAO) named interim CFO; salary $330k, bonus target 65%, awarded 1M RSUs vesting over 3 years.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed (interim)

Conor B. Tierney

interim Chief Financial Officer

LIDR · AEye, Inc.

Effective: 2023-03-31
Filed: March 15, 2023, 7:59 PM ET

On March 14, 2023, the Company’s Board of Directors appointed Conor B. Tierney, age 45, as the Company’s interim Chief Financial Officer, Treasurer, and principal financial officer, effective March 31, 2023.

Departed (interim)

Robert A. Brown

Chief Financial Officer

LIDR · AEye, Inc.

Effective: 2023-03-31
Successor: Conor B. Tierney
Filed: March 15, 2023, 7:59 PM ET

On March 13, 2023, Robert A. Brown, our Chief Financial Officer, Treasurer, and principal financial officer, notified us of his intent to resign from his employment with the Company, effective March 31, 2023, to accept a position at an employer in an industry unrelated to the Company’s business.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AEye, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $1.1 million, net income $(23.7) million, EPS $(0.15) per share.

Period: the fourth quarter ended December 31, 2022
Revenue: $1.1 million
Net income: $(23.7) million
EPS: $(0.15) per share
Result: reported results

Exact text from the filing

Revenue of $1.1 million in the fourth quarter of 2022. ● GAAP net loss was $(23.7) million in the fourth quarter of 2022, or $(0.15) per share based on 161.2 million weighted average common shares outstanding.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AEye, Inc. reported the full year ended December 31, 2022 results: revenue $3.6 million, net income $(98.7) million, EPS $(0.63) per share.

Period: the full year ended December 31, 2022
Revenue: $3.6 million
Net income: $(98.7) million
EPS: $(0.63) per share
Result: reported results

Exact text from the filing

Revenue of $3.6 million in the year ended December 31, 2022. ● GAAP net loss was $(98.7) million in the year ended December 31, 2022, or $(0.63) per share based on 157.4 million weighted average common shares outstanding.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Conor B. Tierney was appointed as interim Chief Financial Officer at AEye, Inc..

Action: appointed
Role: interim Chief Financial Officer

Exact text from the filing

On March 14, 2023, the Company’s Board of Directors appointed Conor B. Tierney, age 45, as the Company’s interim Chief Financial Officer, Treasurer, and principal financial officer, effective March 31, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Robert A. Brown resigned as Chief Financial Officer at AEye, Inc..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

On March 13, 2023, Robert A. Brown, our Chief Financial Officer, Treasurer, and principal financial officer, notified us of his intent to resign from his employment with the Company, effective March 31, 2023, to accept a position at an employer in an industry unrelated to the Company’s business.

View on SEC.gov

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AEye, Inc. filing history →

Source: SEC EDGAR

accession 0000947871-23-000325

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