LIDR earnings analysis
What we found in LIDR's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
AEye, Inc. reported Q1 2026 results with revenue of $101,000, significantly missing the consensus estimate of $275,000, and a diluted EPS of -$0.15, worse than the expected -$0.14. Revenue rose 58% year-over-year from $64,000 in Q1 2025, but the increased loss of $8.3 million reflects rising operating costs and ongoing damage from previous operational restructuring. Management anticipates continued cash burn while navigating competitive market pressures and regulatory challenges in the lidar technology sector.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Increase Year-Over-Year
- Revenue increased by 58% to $101,000 for Q1 2026, up from $64,000 in Q1 2025.
- Operating Losses Persist
- Net loss increased to $8.3 million for Q1 2026, compared to $8.0 million in Q1 2025.
- Increased R&D Spending
- R&D expenses rose by 8% to $3.765 million in Q1 2026 from $3.490 million in Q1 2025.
- Cash Flow from Investing Activities
- Net cash provided by investing activities was $10.713 million, driven by marketable securities redemptions.
- Stratos Product Launch
- In January 2026, AEye launched STRATOS™, a lidar product designed for extended range applications.
- Strong Partnerships and Customer Base
- Management reported growing collaborations, notably with NVIDIA and LITEON.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Revenue Miss vs Estimates
- Actual revenue of $101,000 fell short of estimates by 63.3%.
- High Operating Costs
- Operating expenses increased to $8.929 million, leading to higher net losses despite revenue growth.
- Regulatory and Market Adoption Risks
- Slower than expected market adoption of lidar technology and strict regulations may hinder growth.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.15
What they said about what is next.
Management reaffirmed cash burn guidance of $30 million to $35 million for 2026.
The filing reads worse than the one before it.
What came before.
- 10-K · March 18, 2026
- LIDR positions itself as a software‑defined, active long‑range lidar vendor targeting Automotive (passenger and commercial ADAS) and Non‑Automotive markets, emphasizing Tier‑1 partnerships and integrations (e.g., NVIDIA…
- 10-Q · November 7, 2025
- AEye reported revenue of $50,000 and a GAAP net loss per share of $0.30 for Q3 2025. Revenue improved versus the prior quarter (Q2 2025 $22,000) but declined versus the year-ago quarter (Q3 2024 $104,000). The company…
- 10-Q · November 14, 2024
- In the latest 10-Q filing for Q3 2024, AEye, Inc. reported a revenue of $104,000, a 44.7% increase from Q2 2024 and a notable decline compared to $188,000 in Q3 2023. The gross margin remained heavily negative at…
- 10-Q · November 9, 2023
- AEye reported Q3 revenue of $188,000 (three months ended September 30, 2023) versus $767,000 in Q3 2022, a sharp decline. The company narrowed its net loss to $17,048,000 for the quarter (net loss per share $(0.09))…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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