AEye Inc
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 14, 2024
LIDR$0.84-6.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Loss
(In thousands, except share amounts and per share data)
| Three months ended September 30, | Nine months ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| REVENUE: | ||||
| Prototype sales | $65 | $56 | $91 | $426 |
| Development contracts | 39 | 132 | 65 | 969 |
| Total revenue | 104 | 188 | 156 | 1,395 |
| Cost of revenue | 306 | 4,479 | 729 | 8,651 |
| Gross loss | (202) | (4,291) | (573) | (7,256) |
| OPERATING EXPENSES: | ||||
| Research and development | 3,767 | 5,654 | 12,137 | 20,993 |
| Sales and marketing | 74 | 1,910 | 482 | 10,782 |
| General and administrative | 3,803 | 5,380 | 13,641 | 20,279 |
| Total operating expenses | 7,644 | 12,944 | 26,260 | 52,054 |
| LOSS FROM OPERATIONS | (7,846) | (17,235) | (26,833) | (59,310) |
| OTHER INCOME (EXPENSE): | ||||
| Change in fair value of convertible note and warrant liabilities | 9 | 12 | (4) | (914) |
| Interest income and other | 233 | 354 | 656 | 932 |
| Interest expense and other | (1,102) | (174) | (729) | (9) |
| Total other income (expense), net | (860) | 192 | (77) | 9 |
| Loss before income tax expense | (8,706) | (17,043) | (26,910) | (59,301) |
| Provision for income tax expense | — | 5 | 2 | 43 |
| Net loss | $(8,706) | $(17,048) | $(26,912) | $(59,344) |
| PER SHARE DATA | ||||
| Net loss per share (basic and diluted) | $(1.01) | $(2.78) | $(3.90) | $(10.34) |
| Weighted average shares outstanding (basic and diluted) | 8,629,683 | 6,137,251 | 6,892,910 | 5,739,425 |
| COMPREHENSIVE LOSS: | ||||
| Net loss | $(8,706) | $(17,048) | $(26,912) | $(59,344) |
| Change in net unrealized gain on available-for-sale securities, net of tax | 35 | 345 | 17 | 1,255 |
| Change in fair value due to instrument-specific credit risk, net of tax | — | — | — | (21) |
| Net losses reclassified into income during the period, net of tax | — | 46 | — | 46 |
| Comprehensive loss | $(8,671) | $(16,657) | $(26,895) | $(58,064) |
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