Company: LIDRW
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001437749-25-025747
Chunk: 111

Company: AEye, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 111
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     (769
     )%

      Interest income and other 

     607

     423

     184

     43
     %

      Interest expense and other 

     (2,473
     )

     373

     (2,846
     )

     (763
     )%

      Total other income (expense), net 

     (1,779
     )

     783

     (2,562
     )

     (327
     )%

      Loss before income tax expense 

     (17,284
     )

     (18,204
     )

     920

     (5
     )%

      Provision for income tax expense 

     2

     2

     —

     —
     %

      Net loss 
      
     $
     (17,286
     )
      
     $
     (18,206
     )
      
     $
     920

     (5
     )%

Revenue

Revenues increased by $34, or 65%, to $86 for the six months ended June 30, 2025, from $52 for the six months ended June 30, 2024.  This increase is primarily due to higher contract development revenues, partially offset by lower prototype unit sales in the current quarter. 

Cost of Revenue

Cost of revenue decreased by $219, or 52%, to $204 for the six months ended June 30, 2025, from $423 for the six months ended June 30, 2024. This decrease was primarily due to inventory write-downs and losses on purchase commitments recorded in the six months ended June 30, 2024, resulting from implementation of our strategic plan to wind down support for our legacy Non-Automotive product.

Operating Expenses

Research and Development

Research and development expenses decreased by $1,210, or 14% to $7,160 for the six months ended June 30, 2025, from $8,370 for the six months ended June 30, 2024. This decrease was primarily driven by decreases in stock-based compensation expense and personnel costs, net of allocation, of $869, and information technology and facilities expense of $893. The decreases were offset by a $711 increase in fees paid to third parties for development work. 

       30

Sales