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Stock impact report

AEye Reports Fourth Quarter 2023 Results

AEye, Inc. - Class A (LIDR) 
Company Research Source: Business Wire
Signed LOI with global Tier 1 automotive supplierThird consecutive quarter of cash burn reduction DUBLIN, Calif.--(BUSINESS WIRE)--AEye, Inc. (Nasdaq: LIDR), a global leader in adaptive, high performance lidar solutions, today announced its results for the fourth quarter and year ended December 31, 2023.Management Commentary“AEye is pleased to announce that we have signed an LOI with a global Tier 1 automotive ADAS sensor supplier, which marks the beginning of a new relationship as part of our capital-light, automotive-first strategy. We are also excited to unveil Apollo, the first member of our 4Sight Flex product family that delivers ultra-long-range performance in an incredibly compact form factor,” said Matt Fisch, AEye CEO. “We are looking forward to a successful 2024 as we focus on delivering AEye’s innovative technology to the market with our Tier 1 partners.”Key Q4 2023 Financial Highlights“For the third consecutive quarter, we have reduced our cash burn rate while maintain Show less Read more
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