AEye, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 07, 2023 at 04:11 pm EDT
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AEye, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 0.326 million compared to USD 0.511 million a year ago. Revenue was USD 0.571 million compared to USD 0.706 million a year ago. Net loss was USD 16.03 million compared to USD 26.47 million a year ago. Basic loss per share from continuing operations was USD 2.7 compared to USD 5.1 a year ago.
For the six months, sales was USD 0.837 million compared to USD 1.26 million a year ago. Revenue was USD 1.21 million compared to USD 1.79 million a year ago. Net loss was USD 42.3 million compared to USD 51.35 million a year ago. Basic loss per share from continuing operations was USD 7.5 compared to USD 9.9 a year ago.
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. 
