Company: LIDRW
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001437749-25-015868
Chunk: 73

Company: AEye, Inc.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 73
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 Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include lease termination liability, write-downs of inventory to the lower of cost or net realizable value, investments, embedded derivative and warrant liabilities, stock-based compensation, and convertible notes.
    
   Principle of Consolidation and Liquidity
    
   The accompanying condensed consolidated financial statements include the accounts of AEye, Inc. and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
    
   The Company has funded its operations primarily through the business combination and issuances of stock. As of  March 31, 2025, the Company’s existing sources of liquidity included cash, cash equivalents, and marketable securities of $25,926.
    
   ASC 205-40, Presentation of Financial Statements - Going Concern, requires management to assess an entity’s ability to continue as a going concern within one year of the date the financial statements are issued. In each reporting period, including interim periods, an entity is required to assess conditions known and reasonably knowable as of the financial statement issuance date to determine whether it is probable an entity will not meet its financial obligations within one year from the financial statement issuance date. These condensed consolidated financial statements have been prepared on a going concern basis.

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   As is common in early-stage companies with limited operating histories, the Company is subject to risks and uncertainties such as its ability to develop and commercialize its products; produce and deliver lidar and software products meeting acceptable performance metrics; attract new and retain existing customers; develop, obtain, or progress strategic partnerships; secure an automotive OEM design win; secure additional capital to support the business plan; and other risks and uncertainties.
    
   Since its inception, the Company has incurred net losses and negative cash flows from operations. As of  March 31, 2025, the Company had an accumulated deficit of $381,111. For the three months ended  March 31, 2025 and 2024, the Company incurred a net loss of $8,016 and $10,219, respectively, and the Company had net cash outflows from operating activities of $7,803 and $7,885, respectively. As of  March 31, 2025, the Company had $25,926 of cash, cash equivalents, and marketable securities. As the Company is still in its early stages, it is expected to incur additional operating losses and negative cash