Slide 1: Second Quarter Earnings
Second Quarter Earnings Matt Fisch Conor Tierney August 5, 2024
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements competitive and regulated industries in which AEye operates; variations in operating performance across competitors, changes in laws This presentation of AEye, Inc. (“AEye” or the “Company”) includes statements that are not historical facts, but rather are forwa
Slide 3: Disclaimer
Disclaimer Readers are cautioned not to put undue reliance on forward-looking statements; AEye assumes no obligation and does not intend to directly comparable GAAP financial measures is available without unreasonable efforts at this time. AEye believes that these forward- update or revise these for
Slide 4: Matt Fisch, CEO
Matt Fisch CEO AEye AAeve. |
Slide 5: Q2 2024 Results
Q2 2024 RESULTS ABacyre | 4
Slide 6: Q2 2024 Results
Q2 2024 RESULTS KEY MILESTONES Actively engaged with multiple OEMs & initiated early engagements with several more 5
Slide 7: Q2 2024 Results
Q2 2024 RESULTS KEY MILESTONES Actively engaged with Significant interest in multiple OEMs & initiated Apollo tied to OEMs early engagements with developing highway several more autopilot, NHTSA safety 6
Slide 8: Q2 2024 Results
Q2 2024 RESULTS KEY MILESTONES Actively engaged with Significant interest in Completed technology multiple OEMs & initiated Apollo tied to OEMs transfer to Tier 1 partner, early engagements with developing highway LITEON several more autopilot, NHTSA safety 7
Slide 9: Q2 2024 Results
Q2 2024 RESULTS KEY MILESTONES Actively engaged with Significant interest in Completed technology multiple OEMs & initiated Apollo tied to OEMs transfer to Tier 1 partner, early engagements with developing highway LITEON several more autopilot, NHTSA safety June '24 Apollo launch in China, showcasin
Slide 10: Q2 2024 Results
Q2 2024 RESULTS KEY MILESTONES Actively engaged with Significant interest in Completed technology multiple OEMs & initiated Apollo tied to OEMs transfer to Tier 1 partner, early engagements with developing highway LITEON several more autopilot, NHTSA safety June '24 Apollo launch in Expect to outper
Slide 11: Q2 2024 Results
Q2 2024 RESULTS KEY MILESTONES Actively engaged with Significant interest in Completed technology multiple OEMs & initiated Apollo tied to OEMs transfer to Tier 1 partner, early engagements with developing highway LITEON several more autopilot, NHTSA safety Expect to outperform New funding sources c
Slide 12: Conor Tierney, CFO
Conor Tierney CFO AEye AAeve. | 11
Slide 13: A Capital-Light Business Model that Sets Us Apart
A Capital-Light Business Model that Sets Us Apart Peer Comparison • Favorable cost structure • Peer cost structure is up to 10x higher than AEye • We have a sufficient runway to execute 2025 goals Q1 FCF annualized for peers compared to AEye guidance Q1 GAAP Operating Expenses 12
Slide 14: Q2'24 Financial Summary
Q2’24 Financial Summary (In millions, except per share amounts) Quarterly Results (unaudited) Key Financial Metrics(1) Q1 2024 Q2 2024 GAAP Net Loss $(10.2) $(8.0) GAAP EPS $(1.61) $(1.16) Non-GAAP Net Loss(2) $(7.2) $(6.2) Non-GAAP EPS(2) $(1.13) $(0.91) Net Cash Used in Operating Activities $(7.9)
Slide 15: Cash Management Initiatives Yield Significant Results
Cash Management Initiatives Yield Significant Results • On track to a $25M annualized cash burn for FY24 and an under $5M quarterly burn rate for Q4'24 • AEye expects to realize a 75% reduction in burn rate between Q1'23 and Q4'24 • New $50M ELOC could significantly extend runway *Cash burn does not
Slide 16: Second Quarter Earnings - Thank you
Second Quarter Earnings Thank you