Apollo Lidar Solution Production Milestone
AEye reached a critical milestone with the first units of their Apollo lidar solution coming off the manufacturing line of their Tier 1 supplier partner, LITEON, demonstrating the maturity of Apollo and paving the path to mass production.
Strategic Pivot and Cost Reduction
AEye successfully restructured the business, cutting operating expenses by 75%, including a nearly 60% reduction in headcount to stabilize and set a clear path for sustainable growth.
Partnerships and Market Expansion
AEye evolved their partnership model, deepening engagement with OEMs and industry leaders like NVIDIA, and expanded into key international markets, including a partnership with ATI for the Chinese market.
Financial Stability and Capital Raised
AEye raised an additional $13 million in the first quarter, bringing total capital raised to $24 million over the past 14 months, securing a cash runway into mid-2026.
Resolution of Lease Dispute
AEye resolved a lease dispute, reducing potential cash liability exposure from $6.4 million to $1.4 million, providing a stronger foundation for the company.
First Proof-of-Concept Contracts
AEye signed two proof-of-concept contracts in intelligent transportation systems and the defense market, marking progress towards commercialization.