Slide 1: Third Quarter Earnings
Third Quarter Earnings Matt Fisch Conor Tierney November 12, 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 AAerve. |
Slide 5: Apollo Continues to Set New Industry Standards
Apollo Continues to Set New Industry Standards 5
Slide 6: Q3 2024 Results: Key Milestones
Q3 2024 RESULTS KEY MILESTONES First Apollo samples Apollo meets NVIDIA Development of first LITEON delivered to partners; Hyperion specifications Apollo manufacturing line quoting activities underway for high-resolution long- expected to begin in 2024 with global OEMs distance detection Apollo exce
Slide 7: Conor Tierney, CFO
Conor Tierney CFO AEye AAerve. |
Slide 8: 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 12x higher than AEye • Potential liquidity in place to extend cash runway and pave way to automotive mass production Q2 FCF annualized for peers compared to AEye guidance 1H24
Slide 9: Q3'24 Financial Summary
Q3’24 Financial Summary (In millions, except per share amounts) Quarterly Results (unaudited) Key Financial Metrics(1) Q2 2024 Q3 2024 GAAP Net Loss $(8.0) $(8.7) GAAP EPS $(1.16) $(1.01) Non-GAAP Net Loss(2) $(6.2) $(6.0) Non-GAAP EPS(2) $(0.91) $(0.70) Net Cash Used in Operating Activities $(6.4)
Slide 10: Cash Management Initiatives Yield Significant Results
Cash Management Initiatives Yield Significant Results • On track to outperform FY24 cash burn guidance of $25M • AEye expects to realize a 75% reduction in burn rate between Q1'23 and Q4'24 • Total potential liquidity (cash, ELOC, ATM) extends runway, enables OEM engagement, preps for Apollo commerc
Slide 11: Third Quarter Earnings - Thank you
Third Quarter Earnings Thank you