Company: LIDRW
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001437749-25-025747
Chunk: 117

Company: AEye, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 117
---
 10-Q.

Cash Flow Summary

      Six months ended June 30, 

      2025 

      2024 

      (in thousands) 

      Net cash provided by (used in): 

      Operating activities 
      
     $
     (14,158
     )
      
     $
     (14,241
     )

      Investing activities 
      
     $
     (4,686
     )
      
     $
     2,993

      Financing activities 
      
     $
     10,952

     $
     5,531

Operating Activities

For the six months ended June 30, 2025, net cash used in operating activities was $14,158. Factors affecting our operating cash flows during this period were net loss of $17,286, a gain on termination of an operating lease of $1,612, and change in fair value of convertible notes and warrant liabilities of $87, partially offset by stock-based compensation of $3,661, debt issuance costs of $2,020, and common stock purchase agreement costs of $306. Within operating activities, the net changes in operating assets and liabilities were cash used of $1,207, primarily driven by decreases in accrued expenses and other liabilities and operating lease liabilities of $1,522 and $1,532, respectively. Cash used was offset by cash provided by decreases in prepaid and other current assets and other noncurrent assets of $84 and $134, respectively, and an increase in accounts payable of $1,761. 

For the six months ended June 30, 2024, net cash used in operating activities was $14,241. Factors affecting our operating cash flows during this period were a net loss of $18,206, amortization of premiums and accretion of discounts on marketable securities, net of $428, offset by stock-based compensation of $4,754, and noncash lease expense of $727. Within operating activities, the net changes in operating assets and liabilities were cash used of $1,303, primarily driven by decreases in accrued expenses and other liabilities, operating lease liabilities, and other noncurrent liabilities of $1,402, $799, and $358, respectively. Cash used was offset by cash provided by a decrease in prepaid and other current assets of $724 and an increase in accounts payable of $108.

Investing Activities 

For the six months ended June 30