AEye Reports Third Quarter 2024 Results
AEye, Inc. - Class A (LIDR)
Company Research
Source: Business Wire
Apollo shines in major in-vehicle driving test with NVIDIAPlan to establish Apollo manufacturing line with LITEON in 2024 PLEASANTON, Calif.--(BUSINESS WIRE)--AEye, Inc. (Nasdaq: LIDR), a global leader in adaptive, high performance lidar solutions, today announced its results for the third quarter ended September 30, 2024.Quarterly Business HighlightsApollo met the NVIDIA DRIVE Hyperion specifications, paving way for platform integrationApollo samples shipped to OEMs; sets new long-distance performance standard of 1 kilometerApollo manufacturing line planned with LITEON in 2024, quoting multiple OEMsNew financial instruments extend cash runway; pave way to automotive mass productionManagement CommentaryMatt Fisch, AEye CEO, said, “AEye’s made significant strides in the third quarter in meeting product and partner milestones and putting the financial tools in place that move us closer to our production goals. On the product front, we announced that Apollo set a new bar in terms of p
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