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

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Contents

Condensed Consolidated Statements of Operations and Comprehensive Loss

AEYE, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS(In thousands, except share amounts and per share data)(Unaudited)
	Three months ended March 31,
	2024	2023
REVENUE:
Prototype sales	$20	$125
Development contracts	—	511
Total revenue	20	636
Cost of revenue	263	2,261
Gross loss	(243)	(1,625)
OPERATING EXPENSES:
Research and development	4,532	9,442
Sales and marketing	341	6,268
General and administrative	5,615	8,554
Total operating expenses	10,488	24,264
LOSS FROM OPERATIONS	(10,731)	(25,889)
OTHER INCOME (EXPENSE):
Change in fair value of convertible note and warrant liabilities	2	(810)
Interest income and other	195	277
Interest expense and other	317	176
Total other income (expense), net	514	(357)
Loss before income tax expense	(10,217)	(26,246)
Provision for income tax expense	2	19
Net loss	$(10,219)	$(26,265)
PER SHARE DATA
Net loss per common share (basic and diluted)	$(1.61)	$(4.75)
Weighted average common shares outstanding (basic and diluted)	6,352,835	5,528,862
COMPREHENSIVE LOSS:
Net loss	$(10,219)	$(26,265)
Change in net unrealized gain (loss) on available-for-sale securities, net of tax	(14)	490
Change in fair value due to instrument-specific credit risk, net of tax	—	(21)
Comprehensive loss	$(10,233)	$(25,796)

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