Company: LIDRW
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001437749-25-004906
Chunk: 276

Company: AEye, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 1C
Chunk 276
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 for press releases and other public relations services; and 

      • 
      allocated overhead expenses. 

We expect our S&M expenses to continue to be relatively low as we expect to leverage our Tier 1 partners to commercialize our products and manage relationships with the OEMs in the Automotive market. In the Non-Automotive market, we anticipate using the same supply chain to manufacture through global contract manufacturers, and we expect to sell our products primarily through system integrator channel partners that may integrate our lidar sensor and software as part of a larger solution for an end customer.

General and Administrative

Our general and administrative, or G&A, spending supports all business functions. G&A expenses include:

      • 
      personnel-related costs, including salaries, benefits, bonuses, one-time termination benefits, and stock-based compensation expense for executive, finance, legal, operations, human resources, technical support, and other administrative personnel; 

      • 
      consulting, accounting, audit, legal, and other professional fees; 

      • 
      insurance premiums, software and computer equipment costs, general office expenses; and 

      • 
      allocated overhead expenses. 

We expect our G&A expenses to decrease slightly with reduced facility costs and professional fees, while continuing to incur expenses to support other departments as we continue to develop and commercialize our Apollo product. 

Change in Fair Value of Convertible Note and Warrant Liabilities 

The changes in fair value of the 2022 Note and warrant liabilities are the result of the change in fair value at each reporting date. The 2022 Note and warrant liabilities are recorded at fair value for each reporting period, and the changes in fair value are reported within other income (expense), net during the period. We also elected to record interest expense on the 2022 Note as changes in fair value.

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Interest Income, Interest Expense and Other 

Interest income and other consists primarily of interest earned on our cash, cash equivalents, and marketable securities. These amounts will vary based on our cash and cash equivalents balances and market rates. Interest income and other also includes gains on sale of property and equipment. Interest expense and other consists primarily of financing costs, and amortization of premiums and accretion of discounts on marketable securities, net.

Results of Operations

Comparison of the Years Ended December 31, 2024 and 2023 

The results of operations presented below should be reviewed in conjunction with the consolidated financial statements and notes included elsewhere in this report