AEye Inc (LIDR) Q3 2024 Earnings Call Highlights: Strategic Advances Amid Revenue Challenges [Yahoo! Finance]
AEye, Inc. - Class A (LIDR)
Company Research
Source: Yahoo! Finance
AEye Inc ( NASDAQ:LIDR ) made significant progress in advancing product and partnership milestones, particularly with their Apollo product. Apollo demonstrated high-resolution object detection at distances of one kilometer, a first among peers, and in a form factor half the size of competing products. The company completed a major in-vehicle driving test with NVIDIA, meeting the NVIDIA Hyperion specifications, which could lead to deeper integration with NVIDIA's ecosystem. AEye Inc ( NASDAQ:LIDR ) has a capital-light business model, allowing for a low-cost structure and efficient operations, which is well-received by OEMs. The company has reduced its net cash burn for the sixth consecutive quarter, demonstrating disciplined cost management and financial stability. Total revenue for the third quarter was only $104,000, driven by non-automotive product sales, indicating limited revenue streams. Gross margin was negatively impacted by increased warranty reserves, affecting p
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LIDR
News
- AEye Reports Third Quarter 2024 ResultsBusiness Wire
- AudioEye (AEYE) Crossed Above the 50-Day Moving Average: What That Means for Investors [Yahoo! Finance]Yahoo! Finance
- AudioEye (AEYE) Recently Broke Out Above the 20-Day Moving Average [Yahoo! Finance]Yahoo! Finance
- AEye to Report Third Quarter 2024 Financial Results on Tuesday, November 12Business Wire
- AEye, Inc. (LIDR) Revolutionizes Autonomous Driving with AI-Enhanced iDAR and Apollo LiDAR Systems [Yahoo! Finance]Yahoo! Finance
LIDR
Sec Filings
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- LIDR's page on the SEC website