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10-Q: Q2 2024 Earnings Report

10-Q: Q2 2024 Earnings Report

10-Q:2024财年二季报
美股SEC公告 ·  2024/08/08 04:52

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AEye, Inc. reported Q2 2024 financial results with revenue declining 94% to $32,000, compared to $571,000 in Q2 2023. The sharp decrease was primarily due to lower prototype sales and development contracts as the company transitions to focus on automotive products. Gross loss improved to $128,000 from $1.34 million last year.Operating expenses decreased 45% to $8.13 million, driven by significant reductions across R&D, sales and marketing, and G&A as part of the company's revised strategic plan. Net loss narrowed to $7.99 million from $16.03 million in Q2 2023. The company ended the quarter with $27.99 million in cash, cash equivalents and marketable securities.Looking ahead, AEye is actively working with its new Tier 1 partner LITEON to commercialize its automotive lidar solutions, following Continental's exit in late 2023. The company recently secured new financing arrangements, including a $50 million equity facility with New Circle Principal Investments, to support its automotive-focused strategy while maintaining reduced operating costs.
AEye, Inc. reported Q2 2024 financial results with revenue declining 94% to $32,000, compared to $571,000 in Q2 2023. The sharp decrease was primarily due to lower prototype sales and development contracts as the company transitions to focus on automotive products. Gross loss improved to $128,000 from $1.34 million last year.Operating expenses decreased 45% to $8.13 million, driven by significant reductions across R&D, sales and marketing, and G&A as part of the company's revised strategic plan. Net loss narrowed to $7.99 million from $16.03 million in Q2 2023. The company ended the quarter with $27.99 million in cash, cash equivalents and marketable securities.Looking ahead, AEye is actively working with its new Tier 1 partner LITEON to commercialize its automotive lidar solutions, following Continental's exit in late 2023. The company recently secured new financing arrangements, including a $50 million equity facility with New Circle Principal Investments, to support its automotive-focused strategy while maintaining reduced operating costs.
AEye公司公布了2024年第二季度的财务成果,营业收入下降了94%,降至32,000美元,而2023年第二季度为571,000美元。此大幅下降主要是由于原型销售和开发合同减少,因为公司正在转型专注于汽车产品。毛损失从去年134万改善至128,000美元。营业费用下降了45%,降至813万,由于在研发、销售与市场以及总务费用方面的显著减少,作为公司修订后的策略计划的一部分。净损失从2023年第二季度的1603万收窄至799万。公司在本季度末现金、现金等价物及可交易证券总计2,799万。展望未来,AEye正在积极与其新的Tier 1合作伙伴LITEON合作,商业化其汽车激光雷达解决方案,此前Continental在2023年底退出。公司最近获得了新的融资安排,包括与New Circle Principal Investments的5,000万股权融资,以支持其以汽车为重点的策略,同时保持降低的营业费用。
AEye公司公布了2024年第二季度的财务成果,营业收入下降了94%,降至32,000美元,而2023年第二季度为571,000美元。此大幅下降主要是由于原型销售和开发合同减少,因为公司正在转型专注于汽车产品。毛损失从去年134万改善至128,000美元。营业费用下降了45%,降至813万,由于在研发、销售与市场以及总务费用方面的显著减少,作为公司修订后的策略计划的一部分。净损失从2023年第二季度的1603万收窄至799万。公司在本季度末现金、现金等价物及可交易证券总计2,799万。展望未来,AEye正在积极与其新的Tier 1合作伙伴LITEON合作,商业化其汽车激光雷达解决方案,此前Continental在2023年底退出。公司最近获得了新的融资安排,包括与New Circle Principal Investments的5,000万股权融资,以支持其以汽车为重点的策略,同时保持降低的营业费用。
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