AEye, Inc.

Listed Company

LIDRCIK 0001818644NasdaqNon-AcceleratedSmaller ReportingMotor Vehicle Parts & AccessoriesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$233.0K

Net Income

$-33.96M

Total Assets

$90.89M

Equity

$81.34M

Shares Out

45.35M

Op. Cash Flow

$-27.78M

Business

AEye, Inc. is a provider of high-performance active lidar systems for vehicle autonomy, advanced driver-assistance systems (ADAS), and robotic vision that leverages embedded deterministic AI for adaptive “intelligent sensing.” Its principal products include the 4Sight™ Intelligent Sensing Platform—a software-definable solid-state active lidar sensor with SmartScan architecture and on-sensor signal processing—and the Apollo sensor in the 4Sight™ Flex family. The company serves two primary business segments: Automotive and Non-Automotive. It distributes through automotive Tier 1 and Tier 2 suppliers, OEM channels, contract manufacturers, and system integrators globally, including partnerships to address the China market.

Summary from filing dated 2025-02-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	233,000	202,000	1	4	3
Cost of Revenue	554,000	778,000	15	9	4
Gross loss	−321,000	−576,000	−14	−5	−630,000
Research and development	14	16	26	38	27
Selling and Marketing Expense	3	551,000	13	19	11
General and Administrative Expense	15	18	25	37	26
Total operating expenses	31	35	74	94	63
LOSS FROM OPERATIONS	−32	−36	−88	−99	−63
Change in fair value of convertible note and warrant liabilities	−2	0	−858,000	−14,000	—
Interest income and other	2	799,000	1	2	561,000
Interest expense and other	−2	−433,000	248,000	−1	−5
Total other income (expense), net	−2	366,000	707,000	152,000	−2
Loss before income tax	−34	−35	−87	—	—
Provision (benefit) for income tax	11,000	−2,000	57,000	58,000	0
Net loss	−34	−35	−87	−99	−65
Change in net unrealized gain (loss) on available-for-sale securities, net of tax	25,000	−5,000	1	−940,000	−391,000
Comprehensive loss	−34	−35	−86	−100	−65
Net loss per common share (basic and diluted) (in dollars per share)	−1.47	−4.89	−14.95	−18.82	−0.6
Weighted average common shares outstanding (basic and diluted) (in shares)	23	7	6	5	109

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	43	10	17	19	14
Marketable securities	43	12	20	75	150
Accounts receivable, net	77,000	11,000	131,000	617,000	4
Inventories, net	1	176,000	583,000	5	4
Prepaid and other current assets	2	3	3	6	5
Total current assets	90	25	40	106	177
Right-of-use assets	441,000	652,000	11	16	0
Property and equipment, net	577,000	605,000	281,000	8	5
Other noncurrent assets	242,000	692,000	906,000	2	2
Total assets	91	27	54	133	186
Accounts payable	4	4	3	3	3
Accrued Expenses and Other Current Liabilities	5	8	7	—	—
Total current liabilities	9	11	10	23	14
Operating lease liabilities, noncurrent	235,000	479,000	15	17	0
Convertible note	146,000	146,000	0	—	—
Other noncurrent liabilities	598,000	64,000	409,000	126,000	786,000
Total liabilities	10	12	25	39	17
COMMITMENTS AND CONTINGENCIES (Note 20)	—	—	—	—	—
Preferred stock$0.0001 par value: 1,000,000 shares authorized; no shares issued and outstanding	0	0	0	0	0
Common stock$0.0001 par value: 600,000,000 shares authorized; 45,169,913 and 13,734,160 shares issued and outstanding at December 31, 2025 and 2024	4,000	1,000	1,000	1,000	16,000
Additional paid-in capital	488	388	367	346	321
Accumulated other comprehensive income	30,000	5,000	10,000	−1	−391,000
Accumulated deficit	−407	−373	−338	−251	−152
Total stockholders equity	81	15	29	94	169
Total liabilities and stockholders equity	91	27	54	133	186

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	155,000	129,000	2	—	—
Gain on sale of property and equipment, net	0	−12,000	59,000	0	—
Noncash lease expense relating to operating lease right-of-use assets	211,000	956,000	1	1	0
Gain on termination of operating lease, net	−1	−491,000	−35,000	—	—
Common stock purchase agreement costs	337,000	1	0	—	—
Debt issuance costs	2	0	—	0	725,000
Gain on extinguishment of warrant	−64,000	0	—	—	—
Inventory write-downs, net of scrapped inventory	48,000	161,000	8	—	—
Stock-based compensation	6	9	18	24	10
Amortization of premiums and accretion of discounts on marketable securities, net of change in accrued interest	−378,000	−611,000	−211,000	1	310,000
Expected credit losses, net of write-off	2,000	35,000	35,000	—	—
Accounts receivable, net	−68,000	85,000	451,000	4	−4
Inventories, current and noncurrent, net	−678,000	245,000	−2	−3	−3
Prepaid and other current assets	−1	1	2	−1	−4
Other noncurrent assets	241,000	215,000	284,000	527,000	−1
Accounts payable	9,000	156,000	252,000	839,000	557,000
Accrued expenses and other current liabilities	−767,000	−2	−3	85,000	5
Operating lease liabilities	−236,000	−955,000	−2	−1	0
Other noncurrent liabilities	0	−345,000	383,000	0	—
Net cash used in operating activities	−28	−27	−51	−72	−56
Purchases of property and equipment	−109,000	−486,000	−2	−4	−1
Proceeds from sale of property and equipment	0	45,000	283,000	0	—
Proceeds from redemptions and maturities of marketable securities	23	32	76	97	0
Purchases of marketable securities	−54	−24	−19	−24	−151
Net cash provided by (used in) investing activities	−31	8	55	68	−152
Proceeds from exercise of stock options	0	134,000	455,000	1	150,000
Proceeds from the issuance of convertible notes	3	146,000	0	—	—
Payments for convertible note redemptions	−989,000	0	−6	−874,000	0
Transaction costs related to issuance of convertible note	−658,000	0	—	—	—
Taxes paid related to the net share settlement of equity awards	−643,000	−161,000	−1	−5	0
Proceeds from issuance of common stock under the Common Stock Purchase Agreements	91	11	136,000	3	0
Stock issuance costs related to the Common Stock Purchase Agreements	−2	−1	−3,000	−29,000	0
Proceeds from exercise of warrant	2	0	—	—	—
Proceeds from issuance of common stock through the Employee Stock Purchase Plan	91,000	93,000	334,000	0	—
Net cash provided by financing activities	92	10	−7	8	207
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	33	−9	−2	5	−165,000
Cash paid for interest	0	0	115,000	133,000	358,000
Cash paid (refunded) for income taxes, net	58,000	−2,000	16,000	—	—
Noncash debt issuance costs	1	0	—	—	—
Stock issuance costs included in accounts payable and accrued liabilities	108,000	198,000	0	—	—
Purchases of property and equipment included in accounts payable and accrued liabilities	18,000	0	0	28,000	270,000
Operating lease liabilities extinguished upon termination of lease	0	16	335,000	0	—
Operating lease right-of-use asset derecognized upon termination of lease	0	10	0	—	—
Operating lease right-of-use assets obtained in exchange for lease obligation	0	753,000	0	556,000	0
Stock issuance costs through issuance of common stock	0	282,000	0	—	—
Proceeds from issuance of common stock in prepaid and other current assets	0	2	0	—	—

Filings

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