Company: LIDRW
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001437749-25-025747
Chunk: 110

Company: AEye, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 110
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 tax expenses remained constant at $0 for the three months ended June 30, 2025 and June 30, 2024. 

       29

Net Loss

Net loss increased by $1,283, or 16%, to $9,270 for the three months ended June 30, 2025, from $7,987 for the three months ended June 30, 2024. This increase was primarily due to increased personnel costs, investments in the development of Apollo and changes in fair value of convertible note and warrants, partially offset by decreases in stock-based compensation and facilities expenses.  

Results of Operations

Comparison of the six months ended June 30, 2025 and 2024

The results of operations presented below should be reviewed in conjunction with the condensed consolidated financial statements and notes included elsewhere in this report. The following table sets forth our consolidated results of operations data for the six months ended June 30, 2025 and 2024 (in thousands, except for percentages):

      Six months ended June 30, 

      Change 

      Change 

      2025 

      2024 

      $ 

     %

      Total revenue 
      
     $
     86

     $
     52

     $
     34

     $
     65
     %

      Cost of revenue 

     204

     423

     (219
     )

     (52
     )%

      Gross loss 

     (118
     )

     (371
     )

     253

     (68
     )%

      Research and development 

     7,160

     8,370

     (1,210
     )

     (14
     )%

      Sales and marketing 

     984

     408

     576

     141
     %

      General and administrative 

     7,243

     9,838

     (2,595
     )

     (26
     )%

      Total operating expenses 

     15,387

     18,616

     (3,229
     )

     (17
     )%

      Loss from operations 

     (15,505
     )

     (18,987
     )

     3,482

     (18
     )%

      Change in fair value of convertible note and warrant liabilities 

     87

     (13
     )

     100