AEye Q1 GAAP net loss $8.0M; Apollo enters production with LITEON, NVIDIA integration advanced

AEye, Inc.

GAAP net loss $8.0M ($0.46/shr); non-GAAP net loss $5.8M ($0.33/shr); weighted avg shares 17.4M.
Cash & marketable securities $25.9M; potential liquidity ~$74M. Cash burn Q1 $8M; full-year outlook raised to $27-29M.
First Apollo units manufactured at LITEON; B-sample deliveries to OEMs expected Q2 2025.
Apollo integration with NVIDIA DRIVE platform in final test stage; 20+ customer engagements progressing.
Resolved lease litigation, reducing liability from $6.4M to $1.4M; secured ITS and Defense customer agreements.

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