Company: LIDRW
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001437749-25-025747
Chunk: 108

Company: AEye, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 108
---
619

     8,128

     491

     6
     %

      Loss from operations 

     (8,705
     )

     (8,256
     )

     (449
     )

     5
     %

      Change in fair value of convertible note and warrant liabilities 

     (593
     )

     (15
     )

     (578
     )

     3853
     %

      Interest income and other 

     393

     228

     165

     72
     %

      Interest expense and other 

     (365
     )

     56

     (421
     )

     (752
     )%

      Total other income (expense), net 

     (565
     )

     269

     (834
     )

     (310
     )%

      Loss before income tax expense 

     (9,270
     )

     (7,987
     )

     (1,283
     )

     16
     %

      Provision for income tax expense 

     —

     —

     —

     —
     %

      Net loss 
      
     $
     (9,270
     )
      
     $
     (7,987
     )
      
     $
     (1,283
     )

     16
     %

       28

Revenue

Revenues decreased by $10, or 31%, to $22 for the three months ended June 30, 2025, from $32 for the three months ended June 30, 2024.  This decrease is primarily due to lower contract development revenues, partially offset by an increase in the number of prototype unit sales in the current quarter. 

Cost of Revenue

Cost of revenue decreased by $52, or 33%, to $108 for the three months ended June 30, 2025, from $160 for the three months ended June 30, 2024. This decrease was primarily due to lower contract development costs in the current quarter and inventory write-downs recorded in the three months ended June 30, 2024.

Operating Expenses

Research and Development

Research and development expenses decreased by $168, or 4%, to $3,670 for the three months ended June 30, 2025, from $3,838 for the three months ended June 30, 2024. This decrease was primarily driven by decreases