AEye reports Q4 2023 GAAP net loss of $27.8M; signs LOI with global Tier 1 supplier

AEye, Inc.

Revenue of $0.1M; GAAP EPS loss of $4.44 on 6.3M weighted shares; non-GAAP EPS loss of $1.10.
Cash, cash equivalents, and marketable securities at $36.5M as of Dec 31, 2023, with runway into 2025.
Third consecutive quarter of cash burn reduction; non-GAAP net loss beat guidance by $0.10.
Signed LOI with a global Tier 1 automotive ADAS sensor supplier; unveiled Apollo lidar product.
GAAP results impacted by non-cash impairment charges from industrial product line wind-down.

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 and year ended December 31, 2023 results: revenue $0.1 million, net income $(27.8) million, or $(4.44) per share, EPS $(4.44) per share.

Period: the fourth quarter and year ended December 31, 2023
Revenue: $0.1 million
Net income: $(27.8) million, or $(4.44) per share
EPS: $(4.44) per share
Result: reported results

Exact text from the filing

the company effected a 1-for-30 reverse stock split and all the financial information disclosed has been adjusted to account for the revised share count numbers. ● Revenue of $0.1 million in the fourth quarter of 2023. ● GAAP net loss was $(27.8) million, or $(4.44) per share, based on 6.3 million weighted average common shares outstanding. ● Non-GAAP net loss was

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AEye, Inc. filing history →

Source: SEC EDGAR

accession 0000947871-24-000316

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