AEye Inc (LIDR) AI Stock Analysis

• Market Cap: $97.77M
• Dividend Yield: N/A
• Average Volume (3M): 5.02M
• Price to Earnings (P/E): ―
• Beta (1Y): 3.06
• Revenue Growth: -19.11%
• EPS Growth: 73.51%
• Country: US
• Employees: 45
• Sector: Technology
• Sector Strength: 88
• Industry: Auto - Parts
• EPS (TTM): -0.17
• Shares Outstanding: 45,054,996
• 10 Day Avg. Volume: 8,759,430
• 30 Day Avg. Volume: 5,018,885
• PEG Ratio: 4.06
• Price to Book (P/B): 666.88
• Price to Sales (P/S): 49930.38
• P/FCF Ratio: -372.09
• Enterprise Value/Market Cap: 0.03
• Enterprise Value/Revenue: 17.84
• Enterprise Value/Gross Profit: -18.66
• Enterprise Value/Ebitda: -0.10
• 1Y Price Target: $6.00
• Price Target Upside: 165.49% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: $2.50 ▲(10.62% Upside)

AEye Inc's overall stock score is driven by significant financial challenges and a speculative valuation, balanced by positive earnings call sentiment and strategic corporate developments. The technical analysis provides moderate support, indicating mixed short-term trends.

Positive Factors

Customer Base Expansion

Doubling the customer base indicates strong market traction and potential for sustained revenue growth, enhancing long-term business stability.

Manufacturing Capacity Expansion

Increased manufacturing capacity supports scalability and readiness to meet rising demand, positioning AEye for future market expansion.

Strong Financial Position

A robust cash position ensures operational flexibility and investment capability, supporting strategic initiatives and long-term growth.

Negative Factors

Negative Revenue Growth

Negative revenue growth reflects challenges in market penetration and sales, potentially impacting long-term profitability and competitive position.

Operating Loss Continues

Ongoing operating losses highlight financial strain and the need for operational improvements to achieve sustainable profitability.

High Cash Burn Expected

High cash burn limits financial flexibility and may necessitate additional funding, posing risks to long-term financial health.

AEye Inc Business Overview & Revenue Model

Company Description

AEye, 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 Money

AEye generates revenue primarily through the sale of its LiDAR systems and software solutions to automotive manufacturers, technology companies, and various industrial sectors. The company offers a range of products, including its innovative 3D LiDAR sensors and AI-driven software that enable real-time object detection and classification. Key revenue streams include direct sales of hardware, licensing agreements for software technology, and potential subscription models for data and analytics services. Additionally, AEye has established strategic partnerships with major automotive and technology companies, which not only enhance its market reach but also provide opportunities for co-development and integration of its systems into broader applications, thereby contributing to its overall earnings.

AEye Inc Financial Statement Overview

Summary

AEye Inc faces significant financial challenges with negative gross and net profit margins, declining revenues, and negative cash flows. Despite a low debt-to-equity ratio, the company struggles with poor returns on equity and cash generation issues.

Income Statement

AEye Inc's income statement reveals significant challenges, with negative gross profit margins and net profit margins indicating substantial losses. The company has experienced declining revenues, with a negative revenue growth rate in the TTM (Trailing-Twelve-Months) period. The EBIT and EBITDA margins are also deeply negative, reflecting operational inefficiencies and high costs relative to revenue.

Balance Sheet

The balance sheet shows a low debt-to-equity ratio, suggesting limited leverage, which is a positive aspect. However, the return on equity is negative, indicating that the company is not generating profits from its equity base. The equity ratio is relatively stable, but the overall financial health is weakened by consistent losses.

Cash Flow

Cash flow analysis highlights negative operating and free cash flows, with a slight improvement in free cash flow growth. The operating cash flow to net income ratio is negative, indicating cash flow challenges. The free cash flow to net income ratio is slightly above 1, suggesting that free cash flow is marginally better than net income, but overall cash generation remains weak.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	182.00K	202.00K	1.46M	3.65M	3.01M	1.58M
Gross Profit	-174.00K	-576.00K	-13.86M	-5.08M	-630.00K	771.00K
EBITDA	-33.04M	-35.73M	-76.28M	-96.46M	-61.45M	-24.22M
Net Income	-35.16M	-35.46M	-87.13M	-98.71M	-65.01M	-26.55M
Balance Sheet
Total Assets	87.55M	27.12M	54.32M	133.34M	186.15M	25.89M
Cash, Cash Equivalents and Short-Term Investments	84.33M	22.28M	36.52M	94.20M	164.01M	15.28M
Total Debt	299.00K	4.21M	17.27M	27.73M	0.00	34.66M
Total Liabilities	9.36M	12.00M	25.29M	39.37M	17.39M	44.11M
Stockholders Equity	78.19M	15.12M	29.02M	93.97M	168.77M	-18.23M
Cash Flow
Free Cash Flow	-25.17M	-27.11M	-52.68M	-75.85M	-56.72M	-23.73M
Operating Cash Flow	-25.05M	-26.62M	-50.73M	-71.65M	-55.70M	-19.69M
Investing Cash Flow	-24.56M	7.74M	55.35M	68.46M	-151.55M	-4.04M
Financing Cash Flow	86.80M	10.06M	-6.76M	8.07M	207.08M	32.02M

AEye Inc Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2.26
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LIDR, the sentiment is Neutral. The current price of 2.26 is below the 20-day moving average (MA) of 2.46, below the 50-day MA of 2.57, and above the 200-day MA of 1.77, indicating a neutral trend. The MACD of -0.07 indicates Positive momentum. The RSI at 41.82 is Neutral, neither overbought nor oversold. The STOCH value of 13.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for LIDR.

AEye Inc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
HSAI	59 Neutral	$3.40B	49.06	6.61%	―	43.16%	―
LIDR	55 Neutral	$97.77M	-1.04	-75.54%	―	-19.11%	73.51%
AEVA	52 Neutral	$773.83M	-2.49	-192.35%	―	89.90%	5.13%
ECX	52 Neutral	$626.53M	-8.28	―	―	6.59%	55.85%
INVZ	47 Neutral	$237.74M	-3.29	-71.46%	―	46.09%	46.01%
LAZR	38 Underperform	$17.60M	-0.04	―	―	0.97%	61.79%

AEye Inc Corporate Events

AEye Inc Increases Share Issuance After Agreement Termination

On December 10, 2025, AEye, Inc. announced the voluntary termination of its Share Purchase Agreement with New Circle Principal Investments LLC, which was initially set to allow New Circle to purchase up to $50 million of AEye’s common stock. This termination, effective December 17, 2025, incurs no fees or payments from either party and leaves no outstanding commitments. To counterbalance the liquidity loss from this termination, AEye filed an amendment to increase the maximum number of shares issuable under its At Market Issuance Sales Agreement with A.G.P./Alliance Global Partners by $50 million, aiming for a net liquidity increase of approximately $28 million.

AEye Inc Reports Strong Q3 Growth and Expansion

On December 4, 2025, AEye, Inc. reported significant achievements in Q3, highlighting their strategic growth and expansion efforts. The company doubled its customer base, expanded its manufacturing partnership with LITEON, and secured a strategic investment to support innovation and commercialization. AEye’s Apollo product has gained traction in defense and automotive sectors, and new partnerships have been formed to extend its reach into smart infrastructure. The company ended the quarter with a strong financial position, poised for continued growth and long-term shareholder value.