AEye, Inc. Provides Earnings Guidance for the Fourth Quarter of 2023
November 09, 2023 at 05:00 pm EST
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AEye, Inc. provided earnings guidance for the fourth quarter of 2023. The company anticipates fourth quarter revenues will be less than $100,000, primarily due to its focus on automotive. The company expects fourth quarter GAAP EPS loss to be $0.10, reflecting inventory write-downs, asset impairment charges and onetime termination benefits related to the restructuring.
AEye, Inc. is a provider of active lidar systems technology for vehicle autonomy, advanced driver-assistance systems, and robotic vision applications. Its software-definable 4Sight Intelligent Sensing Platform combines solid-state active lidar, an optionally fused low-light high dimension camera, and integrated deterministic artificial intelligence to capture intelligent information. 4Sight Intelligent Sensing Platform enables the integration of various types of sensor inputs, including camera, lidar, and radar. 4Sight products are developed on this framework and incorporate both camera and lidar sensors. 4Sight Intelligent Sensing Platform includes 4Sight at Design, Triggered 4Sight, Responsive 4Sight and Predictive 4Sight. 4Sight at Design enables customers to create a single, deterministic scan pattern to deliver optimal information for any specific use case. 4Sight leverages a common architecture to create application-specific products across the automotive and industrial markets.
AEYE, INC. 
