AEye (LIDR) investor relations material

Executive summary

• Achieved significant commercial momentum in 2025, expanding the customer base by 33% to 16 active customers and increasing engagement activity, resulting in revenue growth and a strengthened balance sheet with nearly $87 million in cash at year-end.

• Launched new products, including Optis and Stratos, a third-generation sensor with 1.5 km range and double the resolution of previous models, targeting automotive and industrial markets.

• Secured a $30 million program with a global transportation OEM, with initial deployments underway and broader rollout expected in the second half of 2026.

• Built a diversified go-to-market strategy, with non-automotive sectors and new partnerships expected to contribute meaningfully to near-term revenue.

• Strategic partnerships advanced, including joining NVIDIA's Helios AI Systems Inspection Lab and expanding the OPTIS ecosystem.

Financial highlights

• Q4 2025 revenue was $100,000, up 94% sequentially; full-year 2025 revenue reached $230,000, up 15% year-over-year.

• Q4 GAAP net loss was $7.3 million ($0.17/share), an improvement from $9.3 million ($0.30/share) in Q3, with non-GAAP net loss at $6.8 million ($0.15/share).

• Ended 2025 with $86.5 million in cash, equivalents, and marketable securities, providing operational runway into 2028.

• Q4 cash burn (excluding net financing) was $7.5 million, with full-year 2025 cash burn at $29.0 million.

• Raised $91.7 million through common stock issuance and $2.95 million from convertible notes in 2025.

Outlook and guidance

• 2026 cash burn expected to be $30–$35 million, including about $5 million in working capital, reflecting increased investment in sales, marketing, and scaling operations.

• Anticipates a revenue inflection point in 2026 as technical engagements convert to volume commitments.

• Operational runway extends into 2028, supported by a strong balance sheet and minimal debt.