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8-K: AEye Reports Second Quarter 2024 Results

8-K: AEye Reports Second Quarter 2024 Results

8-K:aEye 公布2024年第二季度业绩
美股SEC公告 ·  2024/08/06 04:18

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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.
AEye公布了2024年第二季度的业绩,GAAP净亏损为800万美元(每股1.16美元)。该公司的Apollo产品在中国的推出引起了显著的OEM兴趣,同时与ATI和LighTekton的持续合作超出了预期。与一级供应商LITEON的合作也取得了进展,成功完成了技术转移和联合产品成本降低的计划。该公司通过季度末的2800万美元现金、现金等价物和可出售证券,增强了财务状况。现金消耗已连续第五个季度减少,资金链现已延长至2025年第三季度。公司通过股权储备设施获得高达5000万美元的额外流动资金,这与持续的成本节省措施相结合,能够提供最长四年的现金运转期。第二季度的营业收入为32000美元,营业费用减少至810万美元。该公司继续追求其轻资本合作模式,专注于科技进步和战略伙伴关系,同时与同行相比保持适度的资本要求。
AEye公布了2024年第二季度的业绩,GAAP净亏损为800万美元(每股1.16美元)。该公司的Apollo产品在中国的推出引起了显著的OEM兴趣,同时与ATI和LighTekton的持续合作超出了预期。与一级供应商LITEON的合作也取得了进展,成功完成了技术转移和联合产品成本降低的计划。该公司通过季度末的2800万美元现金、现金等价物和可出售证券,增强了财务状况。现金消耗已连续第五个季度减少,资金链现已延长至2025年第三季度。公司通过股权储备设施获得高达5000万美元的额外流动资金,这与持续的成本节省措施相结合,能够提供最长四年的现金运转期。第二季度的营业收入为32000美元,营业费用减少至810万美元。该公司继续追求其轻资本合作模式,专注于科技进步和战略伙伴关系,同时与同行相比保持适度的资本要求。
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