Company: LIDRW
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001437749-25-033677
Chunk: 104

Company: AEye, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 104
---
 $650 for the three months ended September 30, 2025, from $233 for the three months ended September 30, 2024. This increase was primarily due to higher interest and investment income earned on our cash, cash equivalents, and marketable securities in the current period.

Interest Expense and Other

Interest expense and other decreased by $1,157, to a net income of $55 for the three months ended September 30, 2025, from a net expense of $1,102 for the three months ended September 30, 2024. This decrease was primarily due to a decrease in costs related to financing arrangements of $1,117 and lower foreign exchange losses of $110, partially offset by lower accretion of discount on marketable securities, net of $69.

Provision for Income Tax

Provision for income tax expenses remained constant at $0 for the three months ended September 30, 2025 and September 30, 2024. 

       29

Net Loss

Net loss increased by $624, or 7%, to $9,330 for the three months ended September 30, 2025, from $8,706 for the three months ended September 30, 2024. This increase was primarily due to increased personnel costs 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 nine months ended September 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 nine months ended September 30, 2025 and 2024 (in thousands, except for percentages):

      Nine months ended September 30, 

      Change 

      Change 

      2025 

      2024 

      $ 

       % 

      Total revenue 
      
     $
     136

     $
     156

     $
     (20
     )

     (13
     )%

      Cost of revenue 

     307

     729

     (422
     )

     (58
     )%

      Gross loss 

     (171
     )

     (573
     )

     402

     (70
     )%