AEye reported Q2 2024 results with a GAAP net loss of $8.0 million ($1.16 per share). The company's Apollo product launch in China generated significant OEM interest, while ongoing collaboration with ATI and LighTekton exceeded expectations. The partnership with Tier 1 supplier LITEON has progressed with successful technology transfer and joint product cost reduction initiatives.The company strengthened its financial position with $28 million in cash, cash equivalents, and marketable securities at quarter-end. Cash burn decreased for the fifth consecutive quarter, with runway now extended into Q3 2025. The company secured access to up to $50 million in additional liquidity through an equity reserve facility, which combined with ongoing cost savings initiatives could provide up to four years of cash runway.Revenue for Q2 was $32,000, with operating expenses reduced to $8.1 million. The company continues to pursue its capital-light partnership model, focusing on technology advancement and strategic partnerships while maintaining modest capital requirements compared to peers.

AEye reported Q2 2024 results with a GAAP net loss of $8.0 million ($1.16 per share). The company's Apollo product launch in China generated significant OEM interest, while ongoing collaboration with ATI and LighTekton exceeded expectations. The partnership with Tier 1 supplier LITEON has progressed with successful technology transfer and joint product cost reduction initiatives.The company strengthened its financial position with $28 million in cash, cash equivalents, and marketable securities at quarter-end. Cash burn decreased for the fifth consecutive quarter, with runway now extended into Q3 2025. The company secured access to up to $50 million in additional liquidity through an equity reserve facility, which combined with ongoing cost savings initiatives could provide up to four years of cash runway.Revenue for Q2 was $32,000, with operating expenses reduced to $8.1 million. The company continues to pursue its capital-light partnership model, focusing on technology advancement and strategic partnerships while maintaining modest capital requirements compared to peers.