AEye, Inc. Company profile
About Aeye Inc
AEye, Inc., formerly CF Finance Acquisition Corp. III, is a provider of light detection and ranging (lidar) systems technology for vehicle autonomy, advanced driver-assistance systems (ADAS), and robotic vision applications. The Company's iDAR (Intelligent Detection and Ranging) platform combines solid-state active lidar, an optionally fused low-light HD camera, and integrated deterministic artificial intelligence (AI) to capture information. Its iDAR uses automated targeting systems, biomimicry to scan its environment, and an architecture to create application-specific products across the automotive, mobility and industrial markets. The Company's products include 4Sight M and 4Sight A. 4Sight M is a software-configurable lidar solution for the Mobility and Industrial markets that uses software development kit for an extensible roadmap. 4Sight A is software-configurable lidar solution for Automotive (ADAS) markets that enables creation of scan patterns and regions of interest (ROIs).
Financial summary
BRIEF: For the nine months ended 30 September 2021, Aeye Inc revenues decreased 7% to $1.2M. Net loss increased from $17.5M to $40M. Revenues reflect Asia segment decrease of 98% to $20K, United States segment decrease of 69% to $44K. Higher net loss reflects Research and development - Balancing val increase of 56% to $17M (expense), General and administrative - Balancing v increase from $4.5M to $10.6M (expense).
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