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AEye Inc (LIDR)
NASDAQ:LIDR
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AEye Inc
(NASDAQ:LIDR)
43Neutral
AEye Inc (LIDR) vs. S&P 500 (SPY)
Market Cap
$12.14M
Dividend YieldN/A
Average Volume (3M)529.59K
Price to Earnings (P/E)―
Beta (1Y)1.20
Revenue Growth-86.20%
EPS Growth67.94%
CountryUS
Employees60
SectorTechnology
Sector Strength46
IndustrySoftware
Share Statistics
EPS (TTM)-4.71
Shares Outstanding18,689,669
10 Day Avg. Volume429,792
30 Day Avg. Volume529,594
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)63.84
Price to Cash Flow (P/CF)-0.70
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
AEye Inc Business Overview & Revenue Model
Company DescriptionAEye, Inc. provides lidar systems for vehicle autonomy, advanced driver-assistance systems, and robotic vision applications in the United States, Europe, and Asia. It offers 4Sight A, a software-configurable lidar solution for automotive markets, including 4Sight at Design, Triggered 4Sight, or Responsive 4Sight software levels; and 4Sight M, a software-configurable lidar solution for the mobility and industrial markets, including 4Sight at Design, Triggered 4Sight, Responsive 4Sight, and Predictive 4Sight software levels. The company was formerly known as US LADAR, Inc. and changed its name to AEye, Inc. in March 2016. The company was founded in 2013 and is headquartered in Dublin, California.
How the Company Makes MoneyAEye Inc. generates revenue primarily through the sale of its lidar sensor products and solutions to automotive and industrial clients. The company's revenue streams include direct sales of its hardware and software solutions, as well as licensing agreements and partnerships with original equipment manufacturers (OEMs) and other technology firms. AEye leverages its proprietary technology to offer customized and scalable solutions that meet the specific needs of its clients, contributing to its earnings. Additionally, strategic partnerships and collaborations with industry leaders help AEye expand its market reach and drive sales growth.
AEye Inc Financial Statement Overview
Summary
AEye Inc faces significant financial challenges, with declining revenues and persistent losses. The balance sheet reflects a shrinking asset base and equity, raising concerns about financial stability. While cash flow management shows some improvement, the company's overall financial health requires careful monitoring and strategic intervention to mitigate risks and achieve growth.Income Statement
AEye Inc has experienced inconsistent revenue figures, with a decline from $3.65 million in 2022 to $202,000 in 2024. The gross profit margins are negative, indicating that the cost of goods sold exceeds total revenue. Additionally, the net profit margin is significantly negative, reflecting high losses relative to revenue. Despite a slight improvement in EBIT and EBITDA from previous years, the company still operates at a substantial net loss.45
Neutral
Balance Sheet
The balance sheet shows a reduction in total assets and stockholders' equity over recent years, reflecting a weakening financial position. Despite reducing total debt, the debt-to-equity ratio remains a concern, indicating potential leverage issues. The equity ratio is positive, showing some financial stability, but the declining trend in equity suggests ongoing financial challenges.40
Negative
Cash Flow
The cash flow statement highlights AEye Inc's struggle with negative free cash flow, although there's a notable improvement in operating cash flow to net income ratio from previous years. The company has managed to reduce its negative free cash flow, indicating improved cash management. However, the overall negative trend in free cash flow remains a concern for long-term sustainability.50
Neutral
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 202.00K | 1.46M | 3.65M | 3.01M | 1.58M | Gross Profit |
| -576.00K | -13.86M | -5.08M | -630.00K | 771.00K | EBIT |
| -35.83M | -87.78M | -98.81M | -63.23M | -26.48M | EBITDA |
| -35.73M | -76.28M | -94.52M | -61.45M | -24.13M | Net Income Common Stockholders |
| -35.46M | -87.13M | -98.71M | -69.87M | -27.96M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 22.28M | 36.52M | 94.20M | 164.01M | 15.28M | Total Assets |
| 27.12M | 54.32M | 133.34M | 186.15M | 25.89M | Total Debt |
| 625.00K | 17.27M | 25.27M | 0.00 | 34.66M | Net Debt |
| -9.64M | 341.00K | 6.21M | -14.18M | 19.38M | Total Liabilities |
| 12.00M | 25.29M | 39.37M | 17.39M | 44.11M | Stockholders Equity |
| 15.12M | 29.02M | 93.97M | 168.77M | -18.23M |
| Cash Flow | Free Cash Flow | |||
| -27.11M | -52.68M | -75.85M | -56.72M | -23.73M | Operating Cash Flow |
| -26.62M | -50.73M | -71.65M | -55.70M | -19.69M | Investing Cash Flow |
| 7.74M | 55.35M | 68.46M | -151.55M | -4.04M | Financing Cash Flow |
| 10.06M | -6.76M | 8.07M | 207.08M | 32.02M |
AEye Inc Technical Analysis
Negative
0.65
Price Trends
0.80
Negative
1.04
Negative
1.24
Negative
Market Momentum
-0.04
Negative
45.03
Neutral
69.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LIDR, the sentiment is Negative. The current price of 0.65 is above the 20-day moving average (MA) of 0.62, below the 50-day MA of 0.80, and below the 200-day MA of 1.24, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 45.03 is Neutral, neither overbought nor oversold. The STOCH value of 69.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LIDR.
AEye Inc Risk Analysis
AEye Inc disclosed 73 risk factors in its most recent earnings report. AEye Inc reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
AEye Inc Peers Comparison
Overall Rating
UnderperformOutperform
Sector (58)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | $603.79M | ― | -53.83% | ― | 33.41% | 81.07% | |
58 Neutral | $21.67B | 10.60 | -18.43% | 2.42% | 4.66% | -24.45% | |
55 Neutral | $312.72M | ― | -134.07% | ― | 277.53% | 1.16% | |
53 Neutral | $317.34M | ― | -92.90% | ― | 110.23% | 12.96% | |
43 Neutral | $12.14M | ― | -160.65% | ― | -86.20% | 67.94% | |
40 Underperform | $139.21M | ― | -81.61% | ― | 16.25% | 32.95% | |
27 Underperform | $248.98M | ― | 146.24% | ― | 27.61% | 40.95% |
* Technology Sector Average
Performance Comparison
LIDR
AEye Inc
0.66
-0.59
-47.20%
MVIS
Microvision
1.30
-0.54
-29.35%
LAZR
Luminar Technologies
6.15
-23.40
-79.19%
AEVA
Aeva Technologies
6.38
2.45
62.34%
INVZ
Innoviz Technologies
0.67
-0.68
-50.37%
OUST
Ouster
9.98
2.04
25.69%
AEye Inc Earnings Call Summary
Earnings Call Date: Feb 20, 2025 | % Change Since: -22.62% | Next Earnings Date: May 9, 2025
Earnings Call Sentiment Positive
The earnings call highlighted significant progress and achievements, particularly with the successful launch and reception of the Apollo LiDAR sensor, extended financial runway, and strategic partnerships, particularly with NVIDIA. However, these positive aspects were tempered by increased operating expenses and continued financial losses, albeit with a reduced cash burn rate.Highlights
Apollo LiDAR Sensor Launch
AEye launched its new product, Apollo, a compact software-defined LiDAR sensor, demonstrating high-resolution long-range detection capabilities at 1 kilometer. It has gained positive feedback, especially for its unique ability to deliver high resolution detection from behind a windshield, which is beneficial for automotive ADAS use cases.
Extended Financial Runway and Capital Raise
AEye successfully raised capital to extend its cash runway to mid-2026. The company raised approximately $18 million since the start of Q4 2024, securing additional $12.7 million in 2025.
NVIDIA Partnership
AEye's partnership with NVIDIA has helped the company meet NVIDIA’s Hyperion autonomous driving platform specifications, providing exposure to new OEMs and supporting the path to commercialization in the automotive sector.
Low Cash Burn Rate
AEye reported a low cash burn rate, with the company reducing its net cash burn for the seventh consecutive quarter, reporting $4.8 million in Q4 2024.
Lowlights
Increased Operating Expenses
AEye's GAAP operating expenses increased to $9 million in Q4 2024 from $7.6 million in the previous quarter, mainly due to higher one-time payroll costs and increased rent expenses.
GAAP and Non-GAAP Net Loss
AEye reported a GAAP net loss of $8.5 million and a non-GAAP net loss of $6.3 million in Q4 2024, indicating continued financial losses despite improvements.
Company Guidance
During the AEye Q4 2024 earnings call, the company provided guidance and shared several key metrics. AEye ended the fourth quarter with $22.3 million in cash, cash equivalents, and marketable securities, and successfully raised an additional $12.7 million in 2025, extending their cash runway to mid-2026. They reported a GAAP net loss of $8.5 million or $0.93 per share, and a non-GAAP net loss of $6.3 million or $0.69 per share for Q4 2024. Operating expenses for the quarter were $9 million on a GAAP basis and $6.8 million on a non-GAAP basis. The company managed to reduce their cash burn for the seventh consecutive quarter, with net cash used for operating activities decreasing to $4.8 million in Q4, down from $5.4 million in Q3. For 2025, AEye anticipates a cash burn of $25 million, with costs expected to rise in Q1 due to seasonal factors but improve in subsequent quarters.Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.