Company: LIDRW
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001437749-25-015868
Chunk: 89

Company: AEye, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 89
---
655 
 Total   38,374,857   1,895,404 

       17

    12.  STOCK-BASED COMPENSATION 

   The following table summarizes stock-based compensation expense recorded in each financial statement line item in the Company’s condensed consolidated statements of operations and comprehensive loss for the three months ended  March 31, 2025 and 2024 (in thousands):

       Three months ended March 31,  
   2025    2024  
 Research and development  $695  $1,209 
 Sales and marketing   129   182 
 General and administrative   1,677   1,623 
 Total stock-based compensation  $2,501  $3,014 

    13.   SEGMENT INFORMATION 

   The Company adopted ASU 2023-07 during the year ended  December 31, 2024. The Company has one reportable segment managed on a consolidated basis by the Chief Executive Officer (CEO) who is the chief operating decision maker (“CODM”). In identifying one reportable segment, the Company considered the basis of organization for the design and development of high-performance, active lidar systems and applications.
    
   The accounting policies of the segment are the same as those described in the summary of significant accounting policies. The CODM assesses performance and decides how to allocate resources based on consolidated net loss as reported in the consolidated statements of operations and comprehensive loss.  There are no other expense categories regularly provided to the CODM that are not already included in the consolidated statements of operations and comprehensive loss. The measure of segment assets is reported on the balance sheet as cash, cash equivalents and marketable securities.

    14.  REVENUE 

   Sale of Prototypes
    
   The Company recorded revenue for prototype sales of $0 and $20 in the three months ended  March 31, 2025 and 2024, respectively. The Company does not incur significant contract costs in fulfilling or obtaining its contracts with customers.
    
   Development Contracts
    
   The Company has entered into research and development contracts as well as a sales, marketing and technical support services contract with companies primarily in the automotive industry. The Company assessed the number of performance obligations associated with the promises under each agreement, primarily the delivery of customized 4SightTM perception-related goods and services, and recognized $64