AEye Q3 revenue $104k, GAAP loss $1.01/sh; Apollo meets NVIDIA spec

AEye, Inc.

Revenue of $104K from inventory sales; met consensus estimates.
GAAP net loss $8.7M ($1.01/sh); non-GAAP net loss $6.0M ($0.70/sh), beating consensus.
Cash burn $5.6M, below guidance of $5.9M; cash & equivalents $22.4M at Sept. 30.
Apollo met NVIDIA DRIVE Hyperion specs; samples shipped; 1 km detection milestone.
Plan to establish Apollo manufacturing line with LITEON in Q4 2024.

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