AEye Q2 GAAP net loss $8.0M; cash burn improves, runway extended

AEye, Inc.

GAAP net loss $(8.0)M or $(1.16)/share on 6.9M shares; non-GAAP loss $(6.2)M or $(0.91)/share.
Cash, equivalents, marketable securities $28M as of June 30; net cash burn reduced 5th consecutive quarter.
Secured access to up to $50M additional liquidity via equity reserve facility; runway extended into Q3 2025.
Apollo product launched in China; OEM interest and partnerships with ATI, LighTekton, LITEON highlighted.
Management beat cash burn guidance for 2024; capital-light model emphasized.

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