Company: LIDRW
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001437749-25-025747
Chunk: 112

Company: AEye, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 112
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 and Marketing

Sales and marketing expenses increased by $576, or 141% to $984 for the six months ended June 30, 2025, from $408 for the six months ended June 30, 2024. This increase was primarily driven by increases in allocated personnel and stock-based compensation costs of $778 and marketing and consultant spend of $85 as we pursue Non-Automotive opportunities. 

General and Administrative

General and administrative expenses decreased by $2,595, or 26%, to $7,243 for the six months ended June 30, 2025, from $9,838 for the six months ended June 30, 2024. This decrease was primarily driven by a favorable adjustment of $1,612 upon settlement of a lease dispute, decreases in stock-based compensation and personnel cost, net of allocations, of $1,202. These decreases were partially offset by an increase in accounting, legal, and professional fees of $579. 

Change in Fair Value of Convertible Note and Warrant Liabilities 

Change in fair value of convertible note and warrant liabilities increased by $100 to $87 for the six months ended June 30, 2025, from a net gain $13 for the six months ended June 30, 2024. This increase was primarily due to the change in fair value of the 2025 Note and related warrants, which were newly issued in 2025.

Interest Income and Other

Interest income and other increased by $184 or 43%, to $607 for the six months ended June 30, 2025, from $423 for the six months ended June 30, 2024. This increase was primarily due to insurance proceeds received of $250, partially offset by lower interest earned on our cash equivalents and marketable securities in the current period.

Interest Expense and Other

Interest expense and other increased by $2,846, or 763%, to a net expense of $2,473 for the six months ended June 30, 2025, from a net income of $373 for the six months ended June 30, 2024. This increase was primarily due to an increase in costs related to financing arrangements in the current period and a decrease in amortization of premiums on marketable securities, net.

Provision for Income Tax Expense