AEye Q1 2024 GAAP net loss $10.2M; cash burn reduced 4th consecutive quarter

AEye, Inc.

2024-Q1 EPS reported -$1.61 revenue$20,000

GAAP net loss of $(10.2)M, $(1.61) EPS; non-GAAP net loss $(7.2)M, $(1.13) EPS.
Cash, cash equivalents and marketable securities $28.9M as of March 31, 2024.
Fourth consecutive quarter of cash burn reduction; extends runway into 2025.
Announced new Tier 1 partnership with LITEON for lidar; Apollo product hit technical milestone.
Kicked off strategic partnership to enter China lidar market.

item 2.02 item 9.01

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 first quarter ended March 31, 2024 results: net income $(10.2) million, EPS $(1.61) per share.

Period: first quarter ended March 31, 2024
Net income: $(10.2) million
EPS: $(1.61) per share
Result: reported results

Exact text from the filing

GAAP net loss was $(10.2) million, or $(1.61) per share, based on 6.4 million weighted average common shares outstanding.

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Source: SEC EDGAR

accession 0000947871-24-000470

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