AEye (LIDR) Reports Q3 Loss of $0.12

AEye (NASDAQ: LIDR) reported Q3 EPS of ($0.12), versus ($0.05) reported last year.

The company closed the quarter with $182.4 million in cash and cash equivalents, and marketable securities and is debt-free.

AEye is experiencing positive customer and partnership momentum,” commented Blair LaCorte, CEO of AEye. “We believe this business traction is directly attributable to our decision to take the time to build an adaptive LiDAR platform, in contrast to how our peers approached the market. Our platform is unique as it can be licensed to ADAS customers, such as Continental, as well as sold directly into a variety of industrial and mobility markets in conjunction with our system integrator partners. AEye’s goal remains to leverage this unique adaptive architecture to deliver reliable, cost-effective, and high-performance products to accelerate the adoption of LiDAR.”

For earnings history and earnings-related data on AEye (LIDR) click here.

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