Aeye, Inc. (LIDR)
NASDAQ:LIDR
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AEye Inc
(NASDAQ:LIDR)
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Rating:54Neutral
Price Target:
$2.00
▲(23.46% Upside)
Action:ReiteratedDate:03/21/26
The score is held back primarily by very weak financial performance (negative gross profit, persistent losses, and ongoing cash burn). Offsetting this, technicals are constructive with price above key moving averages and a positive MACD, and the latest earnings call emphasized strong liquidity/runway and improving commercial momentum, though near-term spending and delayed revenue realization remain key risks.
Positive Factors
Strong liquidity & low leverage
AEye's reported $86.5M liquidity and elimination of the 2025 convertible note materially lowers near-term refinancing risk and provides multi-year runway to execute commercialization. This durable cash buffer supports continued R&D, customer pilots and scaling efforts without immediate capital raises.
Negative Factors
Persistent negative gross profit
Multi-year negative gross margins indicate current unit economics do not cover cost of goods sold, implying structural pricing or cost issues. Sustained negative product-level profitability must be resolved for long-term scalable margins and healthy returns as revenue grows.
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Positive Factors
Negative Factors
Strong liquidity & low leverage
AEye's reported $86.5M liquidity and elimination of the 2025 convertible note materially lowers near-term refinancing risk and provides multi-year runway to execute commercialization. This durable cash buffer supports continued R&D, customer pilots and scaling efforts without immediate capital raises.
Read all positive factors
AEye Inc (LIDR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$83.89M
Dividend YieldN/A
Average Volume (3M)4.36M
Price to Earnings (P/E)―
Beta (1Y)2.70
Revenue Growth-19.11%
EPS Growth73.51%
CountryUS
Employees45
SectorTechnology
Sector Strength88
IndustryAuto - Parts
Share Statistics
EPS (TTM)-0.15
Shares Outstanding45,345,920
10 Day Avg. Volume12,355,894
30 Day Avg. Volume4,360,652
Financial Highlights & Ratios
PEG Ratio-0.06
Price to Book (P/B)5.23
Price to Sales (P/S)1826.42
P/FCF Ratio-15.26
Enterprise Value/Market Cap0.42
Enterprise Value/Revenue151.62
Enterprise Value/Gross Profit-110.05
Enterprise Value/Ebitda-1.09
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.68
Revenue Forecast (FY)$5.96M
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, ...
How the Company Makes Money
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AEye Inc Earnings Call Summary
Earnings Call Date:Mar 16, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Positive
The call presented strong strategic and commercial progress — product launches (Optus, Stratos), record Q4 Apollo shipments, expanding customer base and pipeline momentum, significant manufacturing capacity, and a clean balance sheet with $86.5M in liquidity and runway into 2028. Offsetting these positives are near-term cost increases (non-GAAP op ex and cash burn), an elevated non-GAAP net loss, and the fact that meaningful revenue from large wins (e.g., the $30M transportation program) is likely to materialize later (notably in 2027). Overall, the company appears well-positioned to convert growing engagement into future revenue, but near-term financials reflect investment and timing risks.Positive Updates
Strong Balance Sheet and Runway
Ended the year with $86.5 million in cash, cash equivalents, and marketable securities, providing an operational runway 'well into 2028'; fully repaid the 2025 convertible note and eliminated legacy warrants, leaving the company virtually debt free.
Negative Updates
Rising Non-GAAP Operating Expenses and Non-GAAP Net Loss
Fourth quarter non-GAAP operating expenses were $7.5 million, up from $6.1 million in the prior quarter (increase of $1.4 million, ≈23%); fourth quarter non-GAAP net loss increased to $6.8 million (or $0.15 per share) from $5.4 million (or $0.17 per share) in the prior quarter (≈26% increase in dollar loss), driven by increased engineering, contract development, and one-time payroll costs.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Balance Sheet and Runway
Ended the year with $86.5 million in cash, cash equivalents, and marketable securities, providing an operational runway 'well into 2028'; fully repaid the 2025 convertible note and eliminated legacy warrants, leaving the company virtually debt free.
Read all positive updates
Company Guidance
AEye guided full‑year 2026 cash burn of $30–$35 million and said it finished FY2025 with $86.5 million in cash, cash equivalents and marketable securities (after raising $10 million in Q4), a runway "well into 2028" and a virtually debt‑free capital structure after repaying its 2025 convertible note and eliminating legacy warrants. Q4 metrics cited included GAAP operating expenses of $8.3M and non‑GAAP Opex of $7.5M, GAAP net loss of $7.3M (‑$0.17/share) versus a $9.3M (‑$0.30/share) GAAP loss in 2025, non‑GAAP net loss of $6.8M (‑$0.15/share) versus $5.4M (‑$0.17/share) in the prior quarter, Q4 cash burn excluding financing proceeds of $7.5M (up from $6.4M), and manufacturing capacity secured for 60,000 Apollo units annually; management also noted CapEx of under $1M expected for 2026, active customers rising 12→16 with active engagements +40% and active quotes +30% QoQ, >130 CES leads, Stratos specs (1.5 km range; >2× Apollo resolution; 500 m preserved behind glass), and a $30M transportation OEM program that should contribute modestly in 2026 with more meaningful revenue expected in 2027.AEye Inc Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
55
Neutral
Cash Flow
12
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 233.00K | 202.00K | 1.46M | 3.65M | 3.01M |
| Gross Profit | -321.00K | -576.00K | -13.86M | -5.08M | -630.00K |
| EBITDA | -31.73M | -35.73M | -76.28M | -96.46M | -61.45M |
| Net Income | -33.96M | -35.46M | -87.13M | -98.71M | -65.01M |
Balance Sheet | |||||
| Total Assets | 90.89M | 27.12M | 54.32M | 133.34M | 186.15M |
| Cash, Cash Equivalents and Short-Term Investments | 86.46M | 22.28M | 36.52M | 94.20M | 164.01M |
| Total Debt | 235.00K | 4.21M | 17.27M | 27.73M | 0.00 |
| Total Liabilities | 9.55M | 12.00M | 25.29M | 39.37M | 17.39M |
| Stockholders Equity | 81.34M | 15.12M | 29.02M | 93.97M | 168.77M |
Cash Flow | |||||
| Free Cash Flow | -27.89M | -27.11M | -52.68M | -75.85M | -56.72M |
| Operating Cash Flow | -27.78M | -26.62M | -50.73M | -71.65M | -55.70M |
| Investing Cash Flow | -30.80M | 7.74M | 55.35M | 68.46M | -151.55M |
| Financing Cash Flow | 91.67M | 10.06M | -6.76M | 8.07M | 207.08M |
AEye Inc Technical Analysis
Negative
1.62
Price Trends
1.76
Positive
2.05
Negative
2.17
Negative
Market Momentum
0.09
Negative
49.77
Neutral
31.70
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 1.62 is below the 20-day moving average (MA) of 1.82, below the 50-day MA of 1.76, and below the 200-day MA of 2.17, indicating a neutral trend. The MACD of 0.09 indicates Negative momentum. The RSI at 49.77 is Neutral, neither overbought nor oversold. The STOCH value of 31.70 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | $3.08B | 51.40 | 6.54% | ― | 43.16% | ― | |
54 Neutral | $83.89M | -12.53 | -72.75% | ― | -19.11% | 73.51% | |
52 Neutral | $344.33M | -8.83 | 13.96% | ― | 6.59% | 55.85% | |
48 Neutral | $803.53M | -5.21 | 9999.00% | ― | 89.90% | 5.13% | |
48 Neutral | $133.76M | -2.52 | -73.64% | ― | 46.09% | 46.01% |
* Technology Sector Average
LIDR
AEye Inc
1.73
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203.51%
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AEye Inc Corporate Events
Business Operations and StrategyExecutive/Board Changes
AEye Adopts New Executive Performance-Based Incentive Awards
Positive
Feb 11, 2026
On February 9, 2026, AEye’s compensation committee approved new standard cash-settled grant agreements for performance stock units and restricted stock units under its 2021 Equity Incentive Plan, formalizing updated instruments for equity an...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.