AEye 2025 Q3 Earnings Narrowed Losses but Revenue Dips 51.9%

AEye (LIDR) reported fiscal 2025 Q3 earnings on Nov 8, 2025, with mixed results. Total revenue fell 51.9% to $50,000, missing expectations, though the company narrowed its per-share loss to $0.30 from $1.01. Despite a 7.2% wider net loss of $9.33 million, AEye highlighted strategic progress, including a $84.3 million cash balance and expanded manufacturing partnerships. The guidance emphasized scaling Apollo production and maintaining a capital-light model, with cash burn projected at $27–29 million for 2025.

Revenue

The total revenue of AEye decreased by 51.9% to $50,000 in 2025 Q3, down from $104,000 in 2024 Q3.

Earnings/Net Income

AEye narrowed losses to $0.30 per share in 2025 Q3 from a loss of $1.01 per share in 2024 Q3 (70.3% improvement). Meanwhile, the company's net loss widened to $-9.33 million in 2025 Q3, representing a 7.2% increase from the $-8.71 million loss recorded in 2024 Q3. The Company has sustained losses for 5 years over the corresponding fiscal quarter, highlighting ongoing financial headwinds. The EPS improvement is a positive step, but the net loss remains a significant challenge.

Price Action

The stock price of AEye has jumped 10.60% during the latest trading day, has tumbled 9.43% during the most recent full trading week, and has plummeted 22.08% month-to-date.

Post-Earnings Price Action Review

Following the earnings report, AEye’s stock exhibited a mixed response. While a 10.60% intraday gain suggested short-term optimism, the broader week and month-to-date declines of 9.43% and 22.08%, respectively, reflected investor skepticism about the company’s ability to sustain profitability. The price action underscores the market’s cautious stance, balancing progress in customer growth and manufacturing expansion against persistent financial losses.

CEO Commentary

CEO Matthew Fisch emphasized AEye’s progress in scaling Apollo production and securing strategic partnerships, stating, “We doubled our customer base to 12 in Q3, and our capital-light model allows us to scale efficiently.” Fisch also highlighted the $84.3 million cash balance as a runway to operate well into 2028. The tone was cautiously optimistic, focusing on execution and operational efficiency.

Guidance

The company expects to maintain its capital-light strategy, with full-year 2025 cash burn at the high end of its $27–29 million range. Management reiterated confidence in Apollo’s commercial potential and projected production capacity of 60,000 units annually by mid-2026.

Additional News

AEye expanded its manufacturing partnership with LITEON, securing a dedicated production line for Apollo sensors with capacity for 60,000 units annually. The company also raised $10 million post-earnings to bolster its balance sheet and announced new commercial partnerships with Black Sesame Technologies and Blue-Band. Additionally, AEye doubled its customer base to 12 in Q3, signaling growing market traction for its lidar technology.

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