AEye reports Q1 EPS (46c) vs. ($1.61) last year

Reports Q1 revenue $64K vs. $20K last year. AEye (LIDR) now expects cash burn for full year 2025 to be in the range of $27 million to $29 million. This increase, compared to the previously disclosed full year 2025 cash burn outlook of $25 million, reflects a one-time litigation settlement expense and the potential cash repayment of a portion of the outstanding convertible note. Excluding the impact of these costs, AEye’s underlying cash burn rate is consistent with previous expectations. Matt Fisch, AEye CEO, said, “AEye hit several key milestones in the first quarter, paving the way for our future growth. We achieved a critical step toward mass production of Apollo, with the first units coming off the manufacturing line of our Tier 1 supplier partner, LITEON. We’ve entered into the final independent testing phase for NVIDIA’s DRIVE platform, deepening our engagement with a key player in the automotive industry. Additionally, Apollo’s adaptability and unmatched range are opening doors in markets beyond automotive, helping us expand our pipeline as we engage new customers across a range of applications. We’re attracting new growth capital as we reach these milestones at a remarkable pace, highlighted by the $24 million we’ve raised over the past 14 months. I look forward to maintaining this momentum as we capture demand across industries where performance, programmability, and reliability are critical.”