Lidar sensors maker AEye Q3 net loss widens to $9.3 mln

Reuters11-07
Lidar sensors maker AEye Q3 net loss widens to $9.3 mln

Overview

  • AEye Q3 GAAP net loss widened to $9.3 mln

  • Company doubled customer base and secured investment for production expansion

  • AEye ended Q3 with $84.3 mln in cash, quadruple from previous quarter

Outlook

  • AEye expects 2025 cash burn between $27 mln and $29 mln

Result Drivers

  • CUSTOMER BASE EXPANSION - AEye doubled its customer base to 12, indicating increased market traction

  • STRATEGIC INVESTMENT - Secured investment to expand Apollo production capacity to 60,000 units annually

  • NEW PARTNERSHIPS - Collaborations with Black Sesame Technologies, Blue-Band, and Flasheye are driving commercial traction

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Income

-$9.33 mln

Q3 Basic EPS

-$0.30

Q3 Income From Operations

-$7.83 mln

Q3 Operating Expenses

$7.77 mln

Analyst Coverage

  • The one available analyst rating on the shares is "buy"

  • The average consensus recommendation for the electronic equipment & parts peer group is "buy"

  • Wall Street's median 12-month price target for AEye Inc is $6.00, about 62.8% above its November 5 closing price of $2.23

Press Release: ID:nBwXFwlna

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment