AEye (NASDAQ:LIDR) Issues Earnings Results, Beats Expectations By $0.27 EPS

AEye (NASDAQ:LIDRGet Free Report) posted its quarterly earnings results on Wednesday. The company reported ($1.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.40) by $0.27, Yahoo Finance reports. AEye had a negative net margin of 5,951.23% and a negative return on equity of 114.05%. The company had revenue of $0.02 million during the quarter.

AEye Price Performance

Shares of LIDR stock traded up $0.89 during midday trading on Wednesday, reaching $3.35. 26,927,236 shares of the company traded hands, compared to its average volume of 2,375,013. The firm’s 50 day simple moving average is $1.28 and its two-hundred day simple moving average is $2.33. AEye has a 1-year low of $0.92 and a 1-year high of $24.00. The firm has a market cap of $21.78 million, a PE ratio of -0.24 and a beta of 2.17.

About AEye

(Get Free Report)

AEye, Inc, together with its subsidiaries, provides lidar systems for vehicle autonomy, advanced driver-assistance systems, and robotic vision applications in the United States, Germany, Europe, and Asia. It offers 4Sight A, a software-configurable lidar solution for automotive markets, including 4Sight at Design, Triggered 4Sight, or Responsive 4Sight software levels; and 4Sight M, a software-configurable lidar solution for the mobility and industrial markets, including 4Sight at Design, Triggered 4Sight, Responsive 4Sight, and Predictive 4Sight software levels.

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Earnings History for AEye (NASDAQ:LIDR)

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