AEye Inc
For the period ended Mar 31, 2024. Filed May 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.
Mar 31, 2024 · Filed May 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 Cash Flows
| AEYE, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands)(Unaudited) | ||
|---|---|---|
| Three months ended March 31, | ||
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net loss | $(10,219) | $(26,265) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 29 | 330 |
| Gain on sale of property and equipment, net | — | (53) |
| Noncash lease expense relating to operating lease right-of-use assets | 364 | 350 |
| Inventory write-downs, net of scrapped inventory | 19 | 208 |
| Change in fair value of convertible note and warrant liabilities | (2) | 810 |
| Stock-based compensation | 3,014 | 6,513 |
| Amortization of premiums and accretion of discounts on marketable securities, net of change in accrued interest | (252) | 33 |
| Expected credit losses | 14 | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | 50 | 494 |
| Inventories, current and noncurrent, net | 18 | (386) |
| Prepaid and other current assets | 772 | 2,722 |
| Other noncurrent assets | 97 | 71 |
| Accounts payable | 309 | (985) |
| Accrued expenses and other current liabilities | (1,343) | (134) |
| Operating lease liabilities | (397) | (392) |
| Other noncurrent liabilities | (358) | — |
| Contract liabilities | — | (511) |
| Net cash used in operating activities | (7,885) | (17,195) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchases of property and equipment | (87) | (599) |
| Proceeds from sale of property and equipment | — | 76 |
| Purchases of marketable securities | (6,045) | — |
| Proceeds from redemptions and maturities of marketable securities | 6,500 | 22,000 |
| Net cash provided by investing activities | 368 | 21,477 |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from exercise of stock options | — | 323 |
| Payments for convertible note redemptions | — | (2,300) |
| Taxes paid related to the net share settlement of equity awards | (45) | (868) |
| Proceeds from issuance of common stock under the Common Stock Purchase Agreement | 165 | — |
| Net cash provided by (used in) financing activities | 120 | (2,845) |
| NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | (7,397) | 1,437 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of period | 19,082 | 21,214 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of period | $11,685 | $22,651 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | ||
| Cash paid for income taxes | $2 | $— |
| Cash paid for interest | — | 85 |
| SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES: | ||
| Purchases of property and equipment included in accounts payable and accrued liabilities | — | 19 |
| Proceeds from exercise of stock options included in prepaid and other current assets | — | 68 |
| Conversion of convertible notes and accrued interest into Class A common stock | — | 1,755 |
| Taxes related to net share settlement of equity awards included in accrued liabilities | — | 3 |
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