Welcome to our dedicated page for Aeye news (Ticker: LIDR), a resource for investors and traders seeking the latest updates and insights on Aeye stock.
AEye Inc (LIDR) specializes in advanced lidar systems and intelligent vision platforms for autonomous vehicles, ADAS, and robotics. This news hub provides investors and industry professionals with centralized access to official press releases, financial updates, and technological developments from the Silicon Valley innovator.
Stay informed about AEye's progress in sensor fusion, deterministic AI applications, and strategic partnerships through timely, verified updates. The curated collection includes earnings reports, product launches, executive announcements, and industry recognition, offering critical insights into the company's market position.
Key areas of coverage span innovations in the 4Sight Intelligent Sensing Platform, collaborations with automotive and tech leaders, and advancements in active lidar technology. Each update is sourced directly from AEye's communications to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined tracking of AEye's milestones and operational developments. For comprehensive analysis of lidar industry trends and their investment implications, visit Stock Titan's research portal regularly.
AEye, Inc. (Nasdaq: LIDR) has announced that its Apollo lidar sensor has achieved outstanding results in recent field testing, consistently delivering high-resolution data at distances exceeding one kilometer. This breakthrough is believed to be a first in the lidar industry, demonstrating Apollo's potential to significantly enhance both automotive safety and security applications.
During testing, Apollo accurately detected vehicles and objects on a busy freeway at distances beyond one kilometer. AEye has received positive feedback from customers, Tier 1 partners, and OEMs. For automotive applications, this capability is important in allowing advanced driver assistance systems (ADAS) to detect objects from a longer distance, giving drivers more time to respond effectively, especially at high speeds.
AEye CEO Matt Fisch stated that Apollo's performance makes a strong case for 1550-nanometer technology as OEMs seek an ultra-long-range high-speed lidar solution in a small form factor. The company believes Apollo can meet all of NHTSA's safety performance requirements, including their newest forward collision warning requirement effective at speeds up to 90 miles per hour.
AEye, Inc. (Nasdaq: LIDR), a leader in adaptive, high-performance lidar solutions, has announced its participation in the H.C. Wainwright 26th Annual Global Investment Conference. The event will take place from September 9-11, 2024, with AEye's presentation scheduled for September 9th as an on-demand session available from 7am ET.
Investors interested in attending the conference or meeting with AEye can contact aeye@finprofiles.com. The company will make its presentation and supplemental materials available on its website under the Investor Relations section at https://investors.aeye.ai/news-events/events-presentations.
AEye, Inc. (Nasdaq: LIDR) reported its Q2 2024 results, highlighting significant momentum with the Apollo product launch and OEM engagements. The company beat guidance on cash burn and secured additional capital resources, potentially extending its runway up to four years. Key financial highlights include:
- GAAP net loss of $(8.0) million, or $(1.16) per share
- Non-GAAP net loss of $(6.2) million, or $(0.91) per share
- Cash, cash equivalents, and marketable securities of $28 million as of June 30, 2024
AEye's capital-light partnership model, including collaboration with ATI, LighTekton, and LITEON, is driving OEM interest and product cost reduction initiatives. The company is focused on bringing Apollo to market and pursuing product design wins with partners.
AEye, Inc. (NASDAQ: LIDR), a leader in adaptive lidar solutions, has entered into a common stock purchase agreement with New Circle Principal Investments This agreement allows AEye to sell up to $50 million of its common stock over a 36-month period. CEO Matt Fisch stated that this facility could extend the company's cash runway and support strategic growth initiatives.
The agreement comes as AEye has reached key performance milestones with its Apollo product, an ultra-long range, high-speed lidar solution for the $5 billion ADAS market. The additional capital is expected to fund go-to-market activities for Apollo and help execute on design wins. AEye plans to use the proceeds for working capital, general corporate purposes, and to support growth in the Chinese lidar market.
AEye, Inc. (Nasdaq: LIDR), a global leader in adaptive, high-performance lidar solutions, has announced its participation in the J.P. Morgan Auto Conference in New York, NY on August 7-8, 2024. The company's executive team will deliver a presentation and participate in a fireside chat on August 8th at 12:30pm ET.
Investors and interested parties can access the presentation and supplemental materials through the Investor Relations section of AEye's website at https://investors.aeye.ai/news-events/events-presentations. Those planning to attend the conference or wishing to meet with AEye representatives are encouraged to contact aeye@finprofiles.com.
AEye, Inc. (Nasdaq: LIDR), a global leader in adaptive, high-performance lidar solutions, has announced its plans to release financial results for the second quarter ended June 30, 2024. The results will be made public after the market close on Monday, August 5, 2024. Following the release, the company will host a conference call and audio webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day. Investors and interested parties can access supplemental financial information on the company's website prior to the earnings call. AEye has provided links for both the conference call and webcast for easy access.
AEye CEO Matt Fisch will deliver a keynote speech at the 6th Annual Auto Lidar Tech Conference in Suzhou, China, on June 21, 2024. This event, hosted by DVN and Enmore, will attract over 1,500 attendees from various sectors of the lidar industry. Fisch will discuss AEye's software-defined 4Sight™-based product line, emphasizing its adaptability and development speed. AEye has also partnered with Accelight Technologies and LighTekton to bring its ultra-long-range lidar solution to China's trucking and railway systems.
AEye (Nasdaq: LIDR) announced its Q1 2024 financial results, highlighting significant strategic progress and financial discipline. The company reported a GAAP net loss of $10.2 million or $1.61 per share, and a non-GAAP net loss of $7.2 million or $1.13 per share, both adjusted for a 1-for-30 reverse stock split effected in December 2023. Cash, cash equivalents, and marketable securities stood at $28.9 million as of March 31, 2024, extending their operational runway into 2025. AEye reduced its cash burn rate for the fourth consecutive quarter, distinguishing its capital-light model. Strategic milestones include the introduction of its 4Sight Flex product 'Apollo' and a new partnership with LITEON, which is expected to enhance both cost and performance. The company also initiated a key partnership to enter the Chinese market.
AEye (NASDAQ: LIDR) has announced a partnership with Accelight Technologies (ATI) and LighTekton Co. to bring its 4Sight™ lidar solutions to China. This collaboration aims to enhance autonomous trucking and railway safety using AEye’s ultra-long-range 4Sight platform.
China is at the forefront of lidar adoption, particularly in smart rail transit and autonomous trucking. The partnership targets a Total Addressable Market (TAM) estimated at $2.5 billion over the next three years. AEye CEO Matt Fisch expressed excitement, citing the potential for greater efficiency and safety in China's public transportation systems.
ATI specializes in high-quality optoelectronic products for telecom, datacenter, and broadband networks, while LighTekton focuses on photoelectric perception technology for autonomous driving, offering comprehensive R&D and manufacturing capabilities. This partnership leverages the strengths of all three companies to deliver innovative lidar solutions in China.
AEye, Inc. (NASDAQ: LIDR) announced a partnership with LITEON Technology aimed at providing AEye's lidar products to automotive OEMs focused on safety through ADAS. The collaboration will help AEye deliver long-range lidar solutions at a competitive cost. LITEON, a leading global provider of electronic solutions for automotive OEMs, brings decades of expertise to the partnership.
FAQ
What is the current stock price of Aeye (LIDR)?
What is the market cap of Aeye (LIDR)?
