Company: LIDRW
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001437749-25-025747
Chunk: 78

Company: AEye, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 78
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ED CASH   (7,892)  (5,717)
 CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of period   10,266   19,082 
 CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of period  $2,374  $13,365 
 SUPPLEMENTAL CASH FLOW INFORMATION:         
 Cash paid for income taxes, net of refund  $21  $1 
 Cash paid for interest   —   — 
 SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES:         
 Noncash debt issuance costs  $1,362   — 
 Stock issuance costs included in accounts payable and accrued liabilities   213   128 
 Debt issuance costs included in accounts payable and accrued liabilities   50   — 
 Purchases of property and equipment included in accounts payable and accrued liabilities   5    

The accompanying notes are an integral part of these condensed consolidated financial statements.

       8

AEYE, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(in thousands, except share and per share data or otherwise stated)

    1.   ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 

   AEye, Inc. and its wholly owned subsidiaries (the “Company” or “AEye”) is a provider of high-performance, active lidar systems for vehicle autonomy, advanced driver-assistance systems, or ADAS, and robotic vision applications. AEye’s Intelligent Sensing Platform includes a solid-state software definable active lidar sensor, an adaptive sensing SmartScan architecture to scan dynamic scenes/targets, and sophisticated signal processing capability that provides precise measurements and imaging for various safety-critical applications. The Intelligent Sensing Platform captures more information with less data, facilitating faster, more accurate, and more reliable perception of the environment.
    
   AEye, formerly known as CF Finance Acquisition Corp. III, (“CF III”), was originally incorporated in Delaware on  March 15, 2016 under the name CF SPAC Re Inc. On  February 17, 2021, AEye Technologies, Inc., then known as AEye, Inc., entered into an Agreement and Plan of Merger with CF III. Based on CF III’s business activities, it was a “