AEye (LIDR) investor relations material

Executive summary

• Customer contracts doubled to 12 year-to-date, with six new business wins and a robust commercial pipeline, especially for Apollo and Optis products.

• Secured strategic investment from a global institutional investor to expand Apollo manufacturing capacity to 60,000 units annually.

• Commenced Apollo shipments to a global defense contractor for aerial vehicles and formed new revenue-generating partnerships.

• Maintained a strong cash position, quadrupling to $84.3 million, supporting operations into 2028 with virtually no debt.

• Continued focus on commercializing lidar solutions, expanding partnerships, and launching new products such as Apollo and OPTIS™.

Financial highlights

• Q3 2025 GAAP net loss was $9.3 million ($0.30 per share); non-GAAP net loss improved to $5.4 million ($0.17 per share), beating consensus estimates.

• Cash, cash equivalents, and marketable securities totaled $84.3 million as of September 30, 2025, quadrupling from the prior quarter; an additional $10 million was raised post-quarter-end.

• Q3 2025 revenue was $50,000, down 52% year-over-year, primarily due to lower contract development revenues and reduced legacy product sales.

• GAAP operating expenses decreased to $7.8 million from $8.6 million in Q2; non-GAAP operating expenses fell to $6.1 million.

• Net cash used for operating activities in Q3 2025 was $6.4 million.

Outlook and guidance

• Full-year 2025 cash burn expected at the high end of $27–$29 million, reflecting investments to scale Apollo production and commercial expansion.

• Operational runway projected well into 2028 due to strong capital position.

• Anticipate revenue growth inflection in 2026 as pipeline matures and manufacturing scales; profitability targeted in a later phase as margins turn positive.

• Management believes current liquidity is sufficient to fund operations and capital requirements for at least the next twelve months.