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
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(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.)
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