secwatch.observer — SEC 8-K summary
======================================

Issuer:     AEye, Inc. (LIDR)
CIK:        0001818644
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0000947871-24-000871
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818644/000094787124000871/0000947871-24-000871-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818644/000094787124000871/ss4077657_8k.htm
  HTML page:      https://secwatch.observer/filing/0000947871-24-000871

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer