Company: LIDRW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001437749-25-033677
Chunk: 92

Company: AEye, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 92
---
 promises under each agreement and recognized $9 and $73 in revenue for performance obligations that had been satisfied as of the three and nine months ended  September 30, 2025, respectively, and $39 and $65 during the three and nine months ended  September 30, 2024 in the condensed consolidated statements of operations and comprehensive loss.
    
   Disaggregation of Revenue
    
   The Company recognized the following revenues by geographic area based on the primary billing address of the customer and by the timing of the transfer of goods or services to customers (point in time or over time), as it believes such criteria best depict how the nature, amount, timing, and uncertainty of its revenue and cash flows are affected by economic factors. Total revenue based on the disaggregation criteria described above is as follows (in thousands):

       Three months ended September 30,    Nine months ended September 30,  
   2025    2024    2025    2024  
 Revenue by primary geographical market:                 
 United States  $43  $39  $48  $80 
 Europe   1   65   66   76 
 Asia-Pacific   6   —   22   — 
 Total  $50  $104  $136  $156 
                 
 Revenue by timing of recognition:                 
 Recognized at a point in time  $41  $65  $63  $91 
 Recognized over time   9   39   73   65 
 Total  $50  $104  $136  $156 

   Contract Liabilities
    
   The Company had $0 and $35 in contract liabilities balance as of  September 30, 2025 and 2024. There were no remaining performance obligations as of  September 30, 2025 and  December 31, 2024. 
    
   Remaining Performance Obligations
    
   Revenue allocated to remaining performance obligations represents the transaction price allocated to the performance obligations that are unsatisfied, or partially unsatisfied. It includes unearned revenue and amounts that will be invoiced and recognized as revenue in future periods and does not include contracts where the customer is not committed. The customer is not considered committed where they are able to terminate for