AEye, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 04:55 pm EST
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AEye, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 0.132 million compared to USD 0.115 million a year ago. Revenue was USD 0.188 million compared to USD 0.767 million a year ago. Net loss was USD 17.05 million compared to USD 23.62 million a year ago. Basic loss per share from continuing operations was USD 2.7 compared to USD 4.5 a year ago. Diluted loss per share from continuing operations was USD 2.7 compared to USD 4.5 a year ago.
For the nine months, sales was USD 0.969 million compared to USD 1.37 million a year ago. Revenue was USD 1.4 million compared to USD 2.56 million a year ago. Net loss was USD 59.34 million compared to USD 74.97 million a year ago. Basic loss per share from continuing operations was USD 10.2 compared to USD 14.4 a year ago. Diluted loss per share from continuing operations was USD 10.2 compared to USD 14.4 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. 
