Overview

* AEye ( LIDR ) Q3 GAAP net loss widened to $9.3 mln

* Company doubled customer base and secured investment for production expansion

* AEye ( LIDR ) ended Q3 with $84.3 mln in cash, quadruple from previous quarter

Outlook

* AEye ( LIDR ) expects 2025 cash burn between $27 mln and $29 mln

Result Drivers

* CUSTOMER BASE EXPANSION - AEye ( LIDR ) doubled its customer base to 12, indicating increased market traction

* STRATEGIC INVESTMENT - Secured investment to expand Apollo production capacity to 60,000 units annually

* NEW PARTNERSHIPS - Collaborations with Black Sesame Technologies, Blue-Band, and Flasheye are driving commercial traction

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net -$9.33

Income mln

Q3 Basic -$0.30

EPS

Q3 -$7.83

Income mln

From

Operatio

ns

Q3 $7.77

Operatin mln

g

Expenses

Analyst Coverage

* The one available analyst rating on the shares is "buy"

* The average consensus recommendation for the electronic equipment & parts peer group is "buy"

* Wall Street's median 12-month price target for AEye Inc ( LIDR ) is $6.00, about 62.8% above its November 5 closing price of $2.23

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)