Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
AEye Inc (LIDR)
NASDAQ:LIDR
Holding LIDR?
Track your performance easily
Earnings Data
Report Date
Apr 01, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.88Last Year’s EPS
-$1.13Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: -9.09%
|Next Earnings Date:Apr 01, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant progress in product development and strategic partnerships, particularly with NVIDIA and in the Chinese market. The company also demonstrated strong financial management with reduced cash burn and secured substantial financial tools. Despite these advancements, revenue growth remains limited, and net losses increased. The overall sentiment of the call is cautiously optimistic, with a focus on strategic positioning and financial prudence.Company Guidance
During AEye's Q3 2024 earnings call, the company provided guidance underscoring their strategic advancements and financial stability. They reported a net cash burn reduction for the sixth consecutive quarter, achieving $5.6 million in Q3, down from $6.2 million in Q2, surpassing their guidance of $5.9 million. Total revenue was $104,000, aligning with consensus expectations, though gross margins were affected by increased warranty reserves. GAAP operating expenses decreased to $7.6 million from $8.1 million in Q2, while non-GAAP operating expenses fell to $6.1 million from $6.4 million. The company ended the quarter with $22.4 million in cash, cash equivalents, and marketable securities, with potential liquidity of approximately $75 million. For 2024, AEye aims to outperform their cash burn guidance of $25 million, leveraging cost savings and capital-raising tools to support their long-term growth strategies and the market launch of their Apollo product.Advancements in Apollo Product
Apollo set a new bar in terms of performance with high-resolution object detection at distances of 1 kilometer. It is also half the size of competing products.
Successful Partnership with NVIDIA
Apollo meets the NVIDIA Hyperion specifications, marking a significant step towards integration into the NVIDIA Hyperion platform.
Progress in Chinese Market
Excellent progress with partners ATI and LITEON in China, with Apollo demonstrations to multiple Chinese automotive OEMs.
Capital-Light Business Model
The company maintains a balance sheet with very little debt and the lowest cost structure in the industry, leading to greater efficiencies.
Financial Tools and Liquidity
Secured the ability to raise up to an additional $50 million through equity line of credit and $2.6 million through at-the-market facility, resulting in potential liquidity of approximately $75 million.
Reduction in Cash Burn
Reduced net cash burn for the sixth consecutive quarter, with a cash burn of $5.6 million, down from $6.2 million in the previous quarter.
---
LIDR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
LIDR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $1.21 | $1.13 | -6.61% |
| Aug 05, 2024 | $1.35 | $1.25 | -7.41% |
| May 14, 2024 | $2.46 | $3.34 | +35.77% |
| Mar 26, 2024 | $1.57 | $1.27 | -19.11% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does AEye Inc (LIDR) report earnings?
AEye Inc (LIDR) is schdueled to report earning on Apr 01, 2025, TBA Not Confirmed.
What is AEye Inc (LIDR) earnings time?
AEye Inc (LIDR) earnings time is at Apr 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LIDR EPS forecast?
LIDR EPS forecast for the fiscal quarter 2024 (Q4) is -$0.88.
---