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Did AEye beat or miss consensus estimates last quarter?

What factors drove the changes in AEye's revenue and profit?

What is AEye's latest dividend and current dividend yield?

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What guidance did AEye's management provide for the next earnings period?

- **Customer Growth**: 12 contracts signed (double Q2), 600+ pipeline prospects (+600% YoY). 
- **Financial Strength**: $84M cash, $5.4M non-GAAP loss (beat estimates), 3x lower costs than peers. 
- **Strategic Investment**: $60M production line with LITEON, $10M institutional capital post-quarter. 
- **Market Momentum**: 50% technical engagement growth, 300%+ non-auto pipeline expansion. 
- **OEM Focus**: Shifting to L3/L4, leveraging Apollo's windshield-mounted design for packaging efficiency.

**【CEO Summary Section】**
- AEye doubled its customer base to 12 contracts in Q3 2025, including wins in defense (e.g., UAV wire detection) and smart infrastructure. 
- Apollo's unique value proposition (long-range sensing, compact design, competitive pricing) is driving a 600% increase in non-automotive pipeline (from 100 to 600 prospects) and 50% growth in technical engagements.
- A new $60 million production line with LITEON will scale to 60,000 units/year, supported by $10 million in post-quarter institutional investment.
- Automotive OEMs are prioritizing L3/L4 solutions, with AEye's windshield-mounted lidar addressing packaging challenges.

**【CFO Financial Commentary】**
- Q3 2025 cash balance of $84.3 million (up 300% YoY) provides runway to 2028, with $29 million annualized cash burn.
- Non-GAAP net loss improved to $5.4 million (vs. $6.7 million prior quarter), driven by $0.7 million opex reduction.
- Capital-light model maintains 3x lower costs than peers, with 90%+ manufacturing outsourced to LITEON.
- 3-phase growth strategy: Phase 1 (traction, 2025), Phase 2 (scale, 2026), Phase 3 (profitability, 2027+).

**【Q&A Highlights】**
- **Capital-Light Model**: LITEON's automotive expertise enables just-in-time manufacturing, avoiding $100M+ capex. 
- **Customer Mix**: 60% non-automotive (defense, rail, smart city), 40% automotive (L3/L4 focus). 
- **Drone Opportunity**: UAVs and manned aerial vehicles benefit from Apollo's 1km range and high resolution. 
- **Production Timing**: 60,000-unit line will ramp sequentially, with utilization driven by customer commitments.


AEye, Inc. (LIDR) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

LIDR

LIDR fundamentals

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