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8-K: AEye Reports Second Quarter 2024 Results

8-K: AEye Reports Second Quarter 2024 Results

8-K:aEye 公佈2024年第二季度業績
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公佈了2024年第二季度的業績,GAAP淨虧損爲800萬美元(每股1.16美元)。該公司的Apollo產品在中國的推出引起了顯著的OEM興趣,同時與ATI和LighTekton的持續合作超出了預期。與一級供應商LITEON的合作也取得了進展,成功完成了技術轉移和聯合產品成本降低的計劃。該公司通過季度末的2800萬美元現金、現金等價物和可出售證券,增強了財務狀況。現金消耗已連續第五個季度減少,資金鍊現已延長至2025年第三季度。公司通過股權儲備設施獲得高達5000萬美元的額外流動資金,這與持續的成本節省措施相結合,能夠提供最長四年的現金運轉期。第二季度的營業收入爲32000美元,營業費用減少至810萬美元。該公司繼續追求其輕資本合作模式,專注於科技進步和戰略伙伴關係,同時與同行相比保持適度的資本要求。
AEye公佈了2024年第二季度的業績,GAAP淨虧損爲800萬美元(每股1.16美元)。該公司的Apollo產品在中國的推出引起了顯著的OEM興趣,同時與ATI和LighTekton的持續合作超出了預期。與一級供應商LITEON的合作也取得了進展,成功完成了技術轉移和聯合產品成本降低的計劃。該公司通過季度末的2800萬美元現金、現金等價物和可出售證券,增強了財務狀況。現金消耗已連續第五個季度減少,資金鍊現已延長至2025年第三季度。公司通過股權儲備設施獲得高達5000萬美元的額外流動資金,這與持續的成本節省措施相結合,能夠提供最長四年的現金運轉期。第二季度的營業收入爲32000美元,營業費用減少至810萬美元。該公司繼續追求其輕資本合作模式,專注於科技進步和戰略伙伴關係,同時與同行相比保持適度的資本要求。
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