Company: LIDRW
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001437749-25-025747
Chunk: 113

Company: AEye, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 113
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Provision for income tax expenses remained constant at $2 for the six months ended June 30, 2025 and June 30, 2024. 

Net Loss

Net loss decreased by $920, or 5% to $17,286 for the six months ended June 30, 2025, from $18,206 for the six months ended June 30, 2024. This decrease was primarily due to decreases in stock-based compensation, personnel and facilities expenses, partially offset by the increase in the change in fair value of convertible note and warrants, and investments in the development of Apollo. 

Liquidity and Capital Resources

Sources of Liquidity

Our capital requirements will depend on many factors, including, but not exclusively, sales volume and timing of revenue, our efforts to establish and maintain a relationship with one or more Tier 1 automotive suppliers and the timing of any OEM design wins, our ability to effectively and efficiently manage our expenses, the timing and extent of spending to support R&D efforts, how quickly we can commercialize our products, and the market adoption of new and enhanced products and features. As of June 30, 2025, our cash, cash equivalents, and marketable securities totaled $19,210. Subsequent to June 30, 2025, we successfully raised additional capital of $68,844 on the issuance of shares from our common stock purchase agreements and the exercise of certain warrants. For the six months ended June 30, 2025 and 2024, we had a net loss of $17,286 and $18,206, respectively. We anticipate that we will continue to incur losses for at least the next several years.

Our principal source of liquidity are the proceeds received from the issuance of equity.  We recently raised additional capital that we expect will provide us with an operating runway for at least 12 months and allow us to fund our short- and mid-term strategic initiatives. 

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Tumim Stone Transaction

In December 2021, we entered into a Purchase Agreement with Tumim Stone Capital LLC, or Tumim Stone, pursuant to which we had the right, but not the obligation, to issue and sell to Tumim Stone over a 36-month period, up to $125,000 of our common stock. On May 6, 2022,