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AEye Inc (LIDR)
NASDAQ:LIDR
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AEye Inc
(NASDAQ:LIDR)
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Rating:40Underperform
Price Target:
$2.00
▼(-13.79% Downside)
AEye Inc.'s overall stock score is primarily impacted by its poor financial performance, characterized by persistent unprofitability, declining revenues, and negative cash flows. Technical analysis also indicates bearish momentum, while valuation metrics are unattractive due to ongoing losses. Despite positive developments highlighted in the earnings call, such as a doubled customer base and expanded manufacturing capacity, these have not yet translated into financial stability or profitability.
AEye Inc (LIDR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$89.07M
Dividend YieldN/A
Average Volume (3M)5.02M
Price to Earnings (P/E)―
Beta (1Y)2.55
Revenue Growth-23.62%
EPS Growth71.09%
CountryUS
Employees45
SectorTechnology
Sector Strength88
IndustryAuto - Parts
Share Statistics
EPS (TTM)-0.17
Shares Outstanding39,943,123
10 Day Avg. Volume8,759,430
30 Day Avg. Volume5,018,885
Financial Highlights & Ratios
PEG Ratio4.06
Price to Book (P/B)666.88
Price to Sales (P/S)49930.38
P/FCF Ratio-372.09
Enterprise Value/Market Cap0.04
Enterprise Value/Revenue13.76
Enterprise Value/Gross Profit-10.05
Enterprise Value/Ebitda-0.10
Forecast
1Y Price Target
$6.00Price Target Upside158.62% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
AEye Inc Business Overview & Revenue Model
Company DescriptionAEye Inc (LIDR) is a pioneering company in the field of artificial intelligence and advanced sensing technologies, primarily focusing on developing high-performance lidar systems. Their core products include intelligent lidar solutions that enhance perception for autonomous vehicles, robotics, and various industrial applications. AEye's innovative approach integrates AI and machine learning with lidar technology, enabling real-time data processing and improved object detection, ultimately contributing to safer and more efficient autonomous systems.
How the Company Makes MoneyAEye generates revenue through the sales of its lidar systems and related software solutions to various sectors, including automotive, aerospace, and industrial markets. The company operates on a business-to-business model, providing customized solutions to clients that require advanced sensing capabilities for their autonomous systems. Key revenue streams include direct sales of lidar hardware, licensing agreements for their software technology, and maintenance services for deployed systems. Additionally, AEye has established significant partnerships with major automotive manufacturers and technology companies, which not only serve as a source of revenue but also enhance its market position and credibility in the rapidly evolving autonomous vehicle industry.
AEye Inc Earnings Call Summary
Earnings Call Date:Nov 06, 2025
(Q3-2025)
| Next Earnings Date:Mar 31, 2026
Earnings Call Sentiment Positive
AEye showed strong progress with a doubled customer base, expanded manufacturing capacity, and a strengthened financial position. However, it continues to operate at a loss and expects significant cash burn for the year. The sentiment leans positive due to the considerable advancements and financial strengthening despite ongoing challenges.Q3-2025 Updates
Positive Updates
Doubling of Customer Base
AEye doubled its customer base to 12 contracts signed year-to-date, including a win with a global defense contractor using Apollo on UAVs. This demonstrates strong market traction for Apollo.
Strong Financial Position
AEye ended Q3 with $84 million in cash, providing runway well into 2028. A further $10 million was raised post-quarter, strengthening its financial position.
Expanded Manufacturing Capacity
AEye expanded its agreement with LITEON to produce up to 60,000 Apollo units annually. This expansion is backed by an investment from a leading global institutional investor.
Significant Increase in Commercial Pipeline
The commercial pipeline has grown significantly with prospects increasing from fewer than 100 to nearly 600. Technical engagements increased by nearly 50%, quotes tripled, and signed contracts doubled since Q2.
Non-GAAP Net Loss Reduction
The non-GAAP net loss improved, reducing to $5.4 million in Q3 from $6.7 million in the previous quarter, driven by operating expense reductions and increased interest income.
Negative Updates
Operating Loss Continues
AEye reported a GAAP net loss of $9.3 million or $0.30 per share in Q3, indicating continued financial challenges despite improvements.
High Cash Burn Expected
Full-year 2025 cash burn is expected to be at the high end of the previously communicated range of $27 million to $29 million, reflecting planned investments.
Company Guidance
In AEye's Q3 2025 earnings call, the company highlighted significant progress and provided guidance on future growth. CEO Matt Fisch emphasized the commercialization of their product, Apollo, which has led to a doubling of the customer base to 12 signed contracts year-to-date, including a notable contract with a global defense contractor. The company has expanded its manufacturing capacity through a partnership with LITEON, enabling production of up to 60,000 units annually. AEye ended the quarter with $84.3 million in cash, bolstered by an additional $10 million raised post-quarter, providing a runway into 2028. CFO Conor Tierney outlined a strategic three-phase growth plan, focusing on foundation building, acceleration, and profitability. The company reported a decrease in GAAP operating expenses to $7.8 million and a non-GAAP net loss improvement to $5.4 million, beating consensus estimates. AEye's capital-light model was reiterated as a cornerstone of their strategy, allowing efficient scaling and positioning the company for future expansion across various markets, including automotive, defense, and infrastructure.AEye Inc Financial Statement Overview
Summary
AEye Inc. faces significant financial difficulties across all verticals. The income statement shows persistent unprofitability, with declining revenues and negative profit margins. The balance sheet reflects financial instability, with low equity and increasing debt levels. Cash flow remains a critical concern, with negative operating and free cash flows. The company needs to substantially improve its operational efficiencies and financial strategies to achieve stability and growth.Income Statement
AEye Inc. has experienced decreasing revenues over recent years, with the latest TTM showing a further decline. The company has consistently reported negative gross and net profit margins, indicating significant operational challenges and unprofitability. Despite attempts to control costs, EBIT and EBITDA margins remain deeply negative.30
Negative
Balance Sheet
The company's balance sheet shows a declining equity position and increasing reliance on debt, as seen in the rising debt-to-equity ratio. The low equity ratio indicates potential financial risk, while negative stockholder equity in prior years raises concerns about financial stability. Although the company managed to reduce debt recently, the overall financial health remains precarious.40
Negative
Cash Flow
AEye Inc. continues to face significant cash flow challenges, with consistently negative operating and free cash flows. The company's ability to generate cash from operations is weak, as indicated by the unfavorable operating cash flow to net income ratio. While there have been some financing inflows, this may not be sustainable long-term.35
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 236.00K | 202.00K | 1.46M | 3.65M | 3.01M | 1.58M |
| Gross Profit | -323.00K | -576.00K | -13.86M | -5.08M | -630.00K | 771.00K |
| EBITDA | -31.65M | -35.83M | -76.28M | -94.52M | -61.45M | -24.13M |
| Net Income | -34.54M | -35.46M | -87.13M | -98.71M | -69.87M | -27.96M |
Balance Sheet | ||||||
| Total Assets | 22.10M | 27.12M | 54.32M | 133.34M | 186.15M | 25.89M |
| Cash, Cash Equivalents and Short-Term Investments | 19.21M | 22.28M | 36.52M | 94.20M | 164.01M | 15.28M |
| Total Debt | 2.50M | 4.21M | 17.27M | 25.27M | 0.00 | 34.66M |
| Total Liabilities | 11.92M | 12.00M | 25.29M | 39.37M | 17.39M | 44.11M |
| Stockholders Equity | 10.18M | 15.12M | 29.02M | 93.97M | 168.77M | -18.23M |
Cash Flow | ||||||
| Free Cash Flow | -34.63M | -27.11M | -52.68M | -75.85M | -56.72M | -23.73M |
| Operating Cash Flow | -34.35M | -26.62M | -50.73M | -71.65M | -55.70M | -19.69M |
| Investing Cash Flow | 65.00K | 7.74M | 55.35M | 68.46M | -151.55M | -4.04M |
| Financing Cash Flow | 15.48M | 10.06M | -6.76M | 8.07M | 207.08M | 32.02M |
AEye Inc Technical Analysis
Negative
2.32
Price Trends
2.70
Negative
2.35
Negative
1.53
Positive
Market Momentum
-0.11
Positive
40.12
Neutral
9.99
Positive
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 2.32 is below the 20-day moving average (MA) of 2.71, below the 50-day MA of 2.70, and above the 200-day MA of 1.53, indicating a neutral trend. The MACD of -0.11 indicates Positive momentum. The RSI at 40.12 is Neutral, neither overbought nor oversold. The STOCH value of 9.99 is Positive, 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 | $886.04M | ― | ― | ― | 6.59% | 55.85% | |
48 Neutral | $4.50B | 206.44 | 2.45% | ― | 36.76% | ― | |
48 Neutral | $776.20M | ― | -192.35% | ― | 89.90% | 5.13% | |
41 Neutral | $339.31M | ― | -72.45% | ― | 17.32% | 37.70% | |
40 Underperform | $89.07M | -0.77 | -222.90% | ― | -23.62% | 71.09% | |
39 Underperform | $85.27M | ― | ― | ― | -5.22% | 84.74% |
* Technology Sector Average
LIDR
AEye Inc
2.32
1.25
116.82%
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1.15
-12.03
-91.27%
AEVA
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12.94
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199.54%
INVZ
Innoviz Technologies
1.66
1.02
159.38%
ECX
ECARX Holdings
2.64
0.80
43.48%
HSAI
Hesai Group Sponsored ADR
22.11
17.64
394.63%
AEye Inc Corporate Events
AEye, Inc. Expands Customer Base and Production Capacity
Nov 7, 2025
AEye, Inc., a leader in software-defined lidar solutions, specializes in advanced driver-assistance and vehicle autonomy technologies within the transportation and mobility sector. The company recently reported its third-quarter 2025 financial results, highlighting significant business growth and strategic investments aimed at expanding its production capabilities.
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.