Slide 1: Fourth Quarter Earnings
Fourth Quarter Earnings Matt Fisch Conor Tierney March 26, 2024
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This presentation of AEye, Inc. (“AEye” or the “Company”) includes statements that are not historical facts, but rather are variations in operating performance across competitors, changes in laws and regulations affecting AEye’s business; the forward-looking sta
Slide 3: Disclaimer
Disclaimer Readers are cautioned not to put undue reliance on forward-looking statements; AEye assumes no obligation and does financial performance prepared in accordance with GAAP and should not be considered as an alternative to net income, not intend to update or revise these forward-looking stat
Slide 4: Matt Fisch, CEO
Matt Fisch CEO AEye Arere. |
Slide 5: Q4 2023 Results
Q4 2025 RESULTS Areve | «
Slide 6: Q4 2023 Results
Q4 2023 RESULTS KEY MILESTONES LOI signed with Global Automotive Tier1 5
Slide 7: Q4 2023 Results: Active RFQ/RFI Pipeline
Q4 2023 RESULTS KEY MILESTONES LOI signed with Active RFQ/RFI Global Automotive Tier1 Pipeline 6
Slide 8: Q4 2023 Results: Apollo announcement
Q4 2023 RESULTS KEY MILESTONES LOI signed with Active RFQ/RFI Announced Apollo, Global Automotive Tier1 Pipeline small form factor ultra-long-range lidar 7
Slide 9: Q4 2023 Results: Burn rate reduction
Q4 2023 RESULTS KEY MILESTONES LOI signed with Active RFQ/RFI Announced Apollo, Global Automotive Tier1 Pipeline small form factor ultra-long-range lidar On track for 75% reduction in burn rate as compared to Q1 2023 8
Slide 10: Q4 2023 Results: NVIDIA DRIVE tracking
Q4 2023 RESULTS KEY MILESTONES LOI signed with Active RFQ/RFI Announced Apollo, Global Automotive Tier1 Pipeline small form factor ultra-long-range lidar On track for 75% reduction Performance leadership: in burn rate as compared to tracking with NVIDIA DRIVE Q1 2023 Highway autopilot 9
Slide 11: Q4 2023 Results: HRL-131 transition
Q4 2023 RESULTS KEY MILESTONES LOI signed with Active RFQ/RFI Announced Apollo, Global Automotive Tier1 Pipeline small form factor ultra-long-range lidar On track for 75% reduction Performance leadership: Nearing completion in burn rate as compared to tracking with NVIDIA DRIVE of HRL-131 transition
Slide 12: Conor Tierney, CFO
Conor Tierney CFO AEye Arere. | al
Slide 13: Q4'23 Financial Summary
Q4’23 Financial Summary (In millions, except per share amounts) Quarterly Results (unaudited) Key Financial Metrics Q3 2023 Q4 2023 Revenue $0.2 $0.1 GAAP Net Loss $(17.0) $(27.8) GAAP EPS $(2.78) $(4.44) Non-GAAP Net Loss(1) $(9.5) $(6.9) Non-GAAP EPS(1) $(1.55) $(1.10) Net cash used in operating a
Slide 14: Weathering the Industry Downturn: Cash Burn Trending to 75% Reduction
Weathering the Industry Downturn: Cash Burn Trending to 75% Reduction by End of Year $ in 000's $25,000 $20,106 $20,000 $15,441 $15,000 $12,761 $10,000 $9,368 $7,800 $6,700 $5,300 $5,200 $5,000 $0 Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 13
Slide 15: Thank you
Fourth Quarter Earnings Thank you