Company: LIDRW
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001437749-25-025747
Chunk: 109

Company: AEye, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 109
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 in stock-based compensation expense of $189 and information technology and facilities expense of $431. The decreases were offset by a $361 increase in fees paid to third parties for development work and personnel costs, net of allocations, of $120. 

Sales and Marketing

Sales and marketing expenses increased by $534, or 797%, to $601 for the three months ended June 30, 2025, from $67 for the three months ended June 30, 2024. This increase was primarily driven by increases in allocated personnel costs and stock-based compensation of $484 and marketing and consulting costs of $60 as we pursue Non-Automotive opportunities. 

General and Administrative

General and administrative expenses increased by $125, or 3%, to $4,348 for the three months ended June 30, 2025, from $4,223 for the three months ended June 30, 2024. This increase was primarily driven by increases in accounting, legal and consulting fees of $554, partially offset by decreases in stock-based compensation and personnel costs, net of allocations, of $515.

Change in Fair Value of Convertible Note and Warrant Liabilities 

Change in fair value of convertible note and warrant liabilities increased by $578 to $593 for the three months ended June 30, 2025, from $15 for the three months ended June 30, 2024. This increase was primarily due to the change in fair value of the 2025 Note and related warrants, which were newly issued in 2025.   

Interest Income and Other

Interest income and other increased by $165, or 72%, to $393 for the three months ended June 30, 2025, from $228 for the three months ended June 30, 2024. This increase was primarily due to insurance proceeds received of $250, partially offset by lower interest earned on our cash equivalents and marketable securities in the current period.

Interest Expense and Other

Interest expense and other increased by $421, or 752%, to a net expense of $365 for the three months ended June 30, 2025, from a net income of $56 for the three months ended June 30, 2024. This increase was primarily due to an increase in costs related to financing arrangements of $231 and foreign exchange losses.

Provision for Income Tax Expense

Provision for income