Company: LIDRW
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001437749-25-015868
Chunk: 90

Company: AEye, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 90
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and $0 in revenue for performance obligations that had been satisfied as of  March 31, 2025 and 2024, respectively, in the condensed consolidated statements of operations and comprehensive loss.

       18

   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 March 31,  
   2025    2024  
 Revenue by primary geographical market:         
 United States  $—  $15 
 Europe   64   5 
 Total  $64  $20 
         
 Revenue by timing of recognition:         
 Recognized at a point in time  $—  $20 
 Recognized over time   64   — 
 Total  $64  $20 

   Contract Liabilities
    
   There were no changes in contract liabilities balance for the three months ended  March 31, 2025 and 2024 and there were no remaining performance obligations as of   March 31, 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 convenience without payment of a substantive penalty under the contract. Additionally, as a practical expedient, the Company has not disclosed the value of unsatisfied performance obligations for contracts with an original expected length of one year or less. The contract liabilities balance represents the remaining performance obligations for contracts with an original duration of greater than one year.

    15.  RESTRUCTURING 

   In 2023, the Company implemented a revised strategic plan, which focused on reducing fixed operating activities by simplifying business operations and focusing development and commercial activities on a single unifying product for both