AEye reports Q1 adjusted EPS ($1.13) vs ($3.20) last year

Reports Q1 revenue $20,000vs $636,000 last year. “AEye made incredible progress with our capital-light partnership model in the first quarter, including significantly expanding our strategic opportunities and opening the door to the booming lidar market in China. The first product from our 4Sight Flex reference design, Apollo, has passed an important technical performance milestone, which is driving interest among automotive OEMs. Additionally, our new Tier 1 partnership with LITEON creates a path to further strengthening our industry leading product in terms of both cost and performance,” said Matt Fisch, AEye CEO. “Overall, we are starting off 2024 with strong execution and could not be more excited for what the future holds for AEye.”