Company: LIDRW
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001437749-25-004906
Chunk: 705

Company: AEye, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 2
Chunk 705
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 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.

       55

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. The following table sets forth our consolidated results of operations data for the years ended December 31, 2024 and 2023 (in thousands, except for percentages):

      Year ended December 31, 

      Change 

      Change 

      2024 

      2023 

      $ 

     %

      Prototype sales 
      
     $
     97

     $
     477

     $
     (380
     )

     (80
     )%

      Development contracts 

     105

     987

     (882
     )

     (89
     )%

      Total revenue 

     202

     1,464

     (1,262
     )

     (86
     )%

      Cost of revenue 

     778

     15,319

     (14,541
     )

     (95
     )%

      Gross loss 

     (576
     )

     (13,855
     )

     13,279

     (96
     )%

      Research and development 

     16,389

     26,171

     (9,782
     )

     (37
     )%

      Sales and marketing 

     551

     12,528

     (11,977
     )

     (96
     )%

      General and administrative 

     18,312

     25,234

     (6,922
     )

     (27
     )%

      Impairment of long-lived assets 

     —

     9,988

     (9,988