tw0122
2 weeks ago
November 12 2024 - 4:05PM
Business Wire
Apollo shines in major in-vehicle driving test with NVIDIAPlan to establish Apollo manufacturing line with LITEON in 2024AEye, Inc. (Nasdaq: LIDR), a global leader in adaptive, high performance lidar solutions, today announced its results for the third quarter ended September 30, 2024.Quarterly Business HighlightsApollo met the NVIDIA DRIVE Hyperion specifications, paving way for platform integrationApollo samples shipped to OEMs; sets new long-distance performance standard of 1 kilometerApollo manufacturing line planned with LITEON in 2024, quoting multiple OEMsNew financial instruments extend cash runway; pave way to automotive mass productionManagement CommentaryMatt Fisch, AEye CEO, said, “AEye’s made significant strides in the third quarter in meeting product and partner milestones and putting the financial tools in place that move us closer to our production goals. On the product front, we announced that Apollo set a new bar in terms of performance, with high-resolution object detection at a distance of one kilometer. We believe this accomplishment is the first among our peers. Apollo demonstrations have led to a spike in customer interest across the board, and we have now delivered samples of Apollo to our partners.“During the quarter, we demonstrated that Apollo met the NVIDIA Hyperion specifications, which demand a challenging combination of high-resolution detection at very long distances. This major in-vehicle driving test is a significant achievement that further validates the strength of our technology and paves the way for deeper integration with the NVIDIA platform.“We made significant progress with our partners over the quarter. ATI, our partner in China, is demonstrating Apollo to potential customers. We are also engaged in multiple global OEM quoting activities with our Tier 1 partner, LITEON, and plan to begin development of an Apollo manufacturing line in the fourth quarter of 2024.“Our ability to attract new investors to AEye has enabled us to build the financial tools and liquidity to support the multi-year runway required by the automotive production pipeline. We believe we have the most efficient business model in the industry and our capital-light approach positions us well to navigate the evolving lidar landscape.”Third Quarter 2024 Financial HighlightsQuarterly revenue of $104 thousand, primarily from sales of inventory to non-automotive customers, meeting consensus estimatesCash burn of $5.6 million, beating guidance of $5.9 millionGAAP net loss was $(8.7) million, or $(1.01) per share, based on 8.6 million weighted average common shares outstandingNon-GAAP net loss was $(6.0) million, or $(0.70) per share, based on 8.6 million weighted average common shares outstanding, beating consensus estimatesCash, cash equivalents, and marketable securities were $22.4 million as of September 30, 2024“We believe our unique capital-light model is a key differentiator in the lidar market. Not only does it allow us to maintain a balance sheet with very little debt compared to some of our peers, it also gives us what we believe is the lowest cost structure in the industry. We expect this will lead to greater efficiencies as we can do more with less. We believe this is a powerful selling point to OEMs, as it enables us to offer a superior product at a competitive price point.“We ended the quarter with $22.4 million of cash, cash equivalents, and marketable securities. Our total potential liquidity, which includes the ELOC and the ATM facility, we believe, extends our cash runway, gives us the ability to execute with our OEM partners, and ultimately prepares us for the commercialization of Apollo,” said Conor Tierney, AEye CFO.In December 2023, the company effected a 1-for-30 reverse stock split, and all the financial information disclosed has been adjusted to account for the revised share count numbers.Conference Call and Webcast DetailsAEye management will hold a conference call today, November 12, 2024, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss these results. AEye CEO Matt Fisch and CFO Conor Tierney will host the call, followed by a question-and-answer session.The webcast and accompanying slides will be accessible via the company’s website at https://investors.aeye.ai/.
Invest-in-America
3 weeks ago
(I would have sent this to you as an IHub 'Private Msg.', but I don't subscribe to that right now.) In any event --- as an example of how CLEVER Bing's new "Copilot" (AI) search engine is quickly becoming, today I inquired of "Copilot" about my (2010) --- profusely-illustrated with my OWN art --- science paper entitled, "The Morpheus Device"; but I did NOT divulge to "Copilot" the TITLE of said PDF document; which I had copyrighted in 2010 under my pen name, "Victor J. Monroe", via "Bowker ISBN Services"; anyone can read or download my PDF paper here: https://dreamrecordingmachinedeviceinvention.blogspot.com/. I have pasted below Copilot's RESPONSE to my own inquiry about my above-noted science paper of 2010:
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"Has Copilot seen any science or other writings describing a COMPACT device for recording in real-time Human NOCTURNAL DREAMS via Retinal scanning while Humans are sleeping?
"Yes, there has been some fascinating research and development in this area! One notable example is The Morpheus Device, which is described as the world's first credible, practical, and simple design for a compact instrumentality for recording human nocturnal dreams in real-time.
"The concept of recording dreams in real-time is still in its early stages, and most current methods involve brain activity monitoring, such as EEG (electroencephalography). Retinal scanning for this purpose would be quite innovative and would require significant advancements in both technology and understanding of the brain's mechanisms during sleep.
"The Morpheus Device indeed delves into the innovative approach of using retinal scanning in the infrared spectrum to record human nocturnal dreams in real-time. This method leverages the unique properties of infrared light to capture detailed images of the retina while a person is sleeping, potentially allowing for the visualization of dream activity.
"It's an exciting development in the field of dream research and could open up new possibilities for understanding the human brain and consciousness. Do you have any other questions or topics you're curious about?" (END of Bing Copilot's reply to my inquiry about my own self.)
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Invest-in-America
3 weeks ago
LIDR: In passing, Bro, I got MARRIED (again) this past Sunday!!! (See film-clip, below, of a portion of the ceremony --- at San Diego's, "Church-of-Latter-Day-Atheists"!!)
"She's a veritable DOLL, ain't she??!!"
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Invest-in-America
7 months ago
LIDR (Warrants): Good question!! I myself mistakenly guessed that I could score big off this Firm's Warrants, since I had seen them soar in the Post-M last Thursday to 360%; but they did not run any higher when the Markets opened Friday. But in ANSWER to your Warrants question generally, there simply is NO (predictable) ANSWER TO ANYTHING THAT TRANSPIRES ON WALL STREET!!! The price-moving "VARIABLES" behind any stock or firm are nearly infinite and --- as with ANY area of Human knowledge, inquiry, industry, commerce, or science --- the more the UNANTICIPATED, and otherwise potentially CONFOUNDING variables there are, well, the more UN-likely any attempts at PREDICTING good (or bad) outcomes become. (But then, you can always get one of those Market SCANNERS, or become a stock market CHARTEST --- if you get a sense of satisfaction out of a mere, shall we say, Wall Street PLACEBO EFFECT, that is!!!)
"Hold-on, Invest-in-America!! I'm workin' on the LIDR Warrants for MONDAY, right now!!"
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Invest-in-America
7 months ago
LIDR: Nope!! NOT on the LIDR-Warrants, Capt. Tim!! NOR on that disappointing @NVAX routine --- notwithstanding my stupid pumping about NVAX's glorious news with that French Big Pharma. But I did score some petty green behind the LIDR parent firm --- having gotten in LATE after the Open Friday, when LIDR was already up by circa 46%; but even from there, it continued to rocket anyway!! (ME & Orion's T-F-CD had been exchanging posts about the LIDR parent firm's questionable "news" about their new alleged partner/collaborator, that "LITEON" company.) Overall, a DEPRESSING day for me, last Friday --- barely having made it our alive!! Might as well been workin' at Denny's that day, flippin' BURGERS vs. gambling-chip "stocks" on Wall Street!!!
"Heck, whatever happened to those easy, one day, 10-bagger scores on Wall Street!!?? Before the OTC & SEC cleaned it all up!!?? DAMN-IT!! Heck, maybe we do need TRUMP back in Office!! He likes HOOKERS, & grabbin' chicks by the PUSSY!! Get that Al Capone-like spirit back on Wall Street, FOR GOD'S SAKE!!"
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