AEye Inc

AEye's capital structure is characterized by a debt-free balance sheet, with no long-term debt and a current ratio of 3.48, indicating strong short-term liquidity. The company holds $9.54 million in cash and equivalents, which is a significant portion of its total assets of $45.43 million. However, its liquidity is constrained by negative operating and free cash flows of -$7.89 million and -$10.28 million, respectively, suggesting ongoing cash burn.

Profitability metrics are deeply negative, with a net loss of $10.22 million and a return on equity of -46.61%, far below the industry median for Electronic Equipment & Parts firms. The company's gross profit is also negative at -$13.80 million, indicating that its cost of goods sold exceeds its revenue. These figures suggest that AEye is not yet achieving operational efficiency or pricing power in its core markets.

AEye's revenue is concentrated in a single business segment focused on lidar systems, with no disclosed geographic diversification in the latest financial data. This lack of segment or geographic diversification increases exposure to market-specific risks, particularly in the autonomous vehicle and robotics industries.

The company's growth trajectory is uncertain, with no clear revenue growth in the most recent period. Analysts have assigned a mean price target of $5.17, with a median of $6.00, but no strong buy recommendations have been issued. The absence of positive analyst sentiment and the company's continued losses suggest a challenging path to profitability.

Risk factors include the company's ongoing losses, negative cash flows, and lack of revenue diversification. While dilution risk is currently rated as low, the company's high price-to-book ratio of 4.3 and price-to-tangible-book ratio of 4.3 suggest that the market is valuing intangible assets at a premium, which could be volatile if growth expectations are not met.

Recent events include the publication of the latest financial data, which shows continued losses and negative cash flows. No significant regulatory or operational events were disclosed in the most recent filings, but the company's reliance on a single product line and market niche remains a key risk.

Analysts project 251% upside to a mean price target of $5.17, signaling strong market optimism for future growth.

The company maintains a low leverage band with a debt-to-equity ratio of 0.12, reducing financial distress risk.

A current ratio of 10.46 indicates robust short-term liquidity, providing ample buffer against immediate operational obligations.

Revenue grew 15.3% year-over-year in the latest period, suggesting a potential stabilization in top-line performance.

Operating losses narrowed by 11.4% year-over-year, indicating improved cost management or operational efficiency in recent periods.

The company posted a net loss of $33.96 million in the latest fiscal year, highlighting persistent unprofitability.

Net margin of -510.95% ranks in the bottom quartile of the Electronic Equipment & Parts cohort.

Return on equity of -46.61% places the company in the bottom quartile, indicating poor capital efficiency.

Free cash flow remains deeply negative at -$33.91 million, requiring continuous external capital to sustain operations.

Revenue $97.0k, +110,9% YoY; Operating income +6,6% YoY.

• ▍Revenue $97.0k, +110,9% YoY
• ▍Operating income +6,6% YoY
• ▍Net income +14,1% YoY
• ▍Free cash flow +14,1% YoY
• ▍Net margin -7569.1%

Revenue $50.0k, −51,9% YoY; Operating income +0,3% YoY.

• ▍Revenue $50.0k, −51,9% YoY
• ▍Operating income +0,3% YoY
• ▍Net income −7,2% YoY
• ▍Free cash flow −5,2% YoY
• ▍Net margin -18660.0%

Revenue $46.0k; Operating income -$9.0M.

• ▍Revenue $46.0k
• ▍Operating income -$9.0M
• ▍Net margin -18582.6%

Revenue $104.0k; Operating income -$7.8M.

• ▍Revenue $104.0k
• ▍Operating income -$7.8M
• ▍Net margin -8371.2%

Revenue $32.0k; Operating income -$8.3M.

• ▍Revenue $32.0k
• ▍Operating income -$8.3M
• ▍Net margin -24959.4%

Revenue $20.0k; Operating income -$10.7M.

• ▍Revenue $20.0k
• ▍Operating income -$10.7M
• ▍Net margin -51095.0%

Revenue $233.0k, +15,3% YoY; Operating income +11,4% YoY.

• ▍Revenue $233.0k, +15,3% YoY
• ▍Operating income +11,4% YoY
• ▍Net income +4,2% YoY
• ▍Free cash flow +5,3% YoY
• ▍Net margin -14574.2%

Revenue $202.0k, −86,2% YoY; Operating income +59,2% YoY.

• ▍Revenue $202.0k, −86,2% YoY
• ▍Operating income +59,2% YoY
• ▍Net income +59,3% YoY
• ▍Free cash flow +59,1% YoY
• ▍Net margin -17554.5%

Revenue $1.5M, −59,9% YoY; Operating income +11,2% YoY.

• ▍Revenue $1.5M, −59,9% YoY
• ▍Operating income +11,2% YoY
• ▍Net income +11,7% YoY
• ▍Free cash flow +13,8% YoY
• ▍Net margin -5951.2%

Revenue $3.6M, +21,3% YoY; Operating income −56,3% YoY.

• ▍Revenue $3.6M, +21,3% YoY
• ▍Operating income −56,3% YoY
• ▍Net income −51,8% YoY
• ▍Free cash flow −56,1% YoY
• ▍Net margin -2706.7%

Revenue $3.0M; Operating income -$63.2M.

• ▍Revenue $3.0M
• ▍Operating income -$63.2M
• ▍Net margin -2162.0%