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Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

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<ul><li>While AEye announced 4Q23 revenue of $0.1 million and reduced cash burn again, the real story was the signing of a letter-of-intent with a Tier 1 automotive ADAS sensor supplier.</li><li>CEO Matt Fisch said this, “marks the beginning of a new relationship as part of our capital- light, automotive-first strategy.”</li><li>AEye announced its first 4Sight Flex product, Apollo, which will target L2+, L3, and L4 applications in the automotive market. </li></ul>

While AEye announced 4Q23 revenue of $0.1 million and reduced cash burn again, the real story was the signing of a letter-of-intent with a Tier 1 automotive ADAS sensor supplier.CEO Matt Fisch said this, “marks the beginning of a new relationship as part of our capital- light, automotive-first strategy.”AEye announced its first 4Sight Flex product, Apollo, which will target L2+, L3, and L4 applications in the automotive market. 

AEye, Inc. - 4Q23 Cash Burn Lower, New Product Announced

<div><div><div><div><ul style="list-style-type: disc;"><li><p>AEye, Inc. (LIDR) is a leading lidar company with offices in Germany, Korea, and the US. AEye’s unique software-defined lidar solution enables advanced driver- assistance, vehicle autonomy, smart infrastructure, and logistics applications that save lives and propel the future of transportation and mobility.</p></li><li><p>AEye’s 4SightTM Intelligent Sensing Platform, with its adaptive sensor-based operating system, focuses on what matters most: delivering faster, more accurate, and reliable information.</p></li><li><p>AEye’s 4SightTM products, built on this platform, are ideal for dynamic applications that require precise measurement imaging to ensure safety and performance.</p></li></ul></div></div></div></div>

AEye, Inc. (LIDR) is a leading lidar company with offices in Germany, Korea, and the US. AEye’s unique software-defined lidar solution enables advanced driver- assistance, vehicle autonomy, smart infrastructure, and logistics applications that save lives and propel the future of transportation and mobility.AEye’s 4SightTM Intelligent Sensing Platform, with its adaptive sensor-based operating system, focuses on what matters most: delivering faster, more accurate, and reliable information.AEye’s 4SightTM products, built on this platform, are ideal for dynamic applications that require precise measurement imaging to ensure safety and performance.

AEye, Inc. - AEye's Lidar Technology Drives Automotive Safety

<div><div><div><div><ul style="list-style-type: disc;"><li><p>2Q23 revenue came in as expected at $0.6 million, while EPS was slightly better than expected at a loss of $0.07 versus consensus of a loss of $0.09.</p></li><li><p>CEO Matt Fisch said that the company has “taken a significant step forward this quarter in our path to commercialization in the automotive market” and “achieved major in-vehicle test milestones with three prestigious industry players, including NVIDIA and two global automotive OEMs.”</p></li><li><p>AEye’s progress with automotive RFQs (two finalists with four more RFQs in progress) has been based on its product’s performance and cost. </p></li></ul></div></div></div></div>

2Q23 revenue came in as expected at $0.6 million, while EPS was slightly better than expected at a loss of $0.07 versus consensus of a loss of $0.09.CEO Matt Fisch said that the company has “taken a significant step forward this quarter in our path to commercialization in the automotive market” and “achieved major in-vehicle test milestones with three prestigious industry players, including NVIDIA and two global automotive OEMs.”AEye’s progress with automotive RFQs (two finalists with four more RFQs in progress) has been based on its product’s performance and cost. 

AEye, Inc. - 2Q23 Revenue In Line with a Lower Loss

<div><div><div><div><ul style="list-style-type: disc;"><li><p>AEye is the global leader in adaptive, high- performance LiDAR solutions.</p></li><li><p>Its software-driven LiDAR platform (4SightTM Intelligent Sensing Platform [4Sight]) and its partnering and licensing business model are key to AEye’s differentiation and significant multi- market revenue runway.</p></li><li><p>Near term, there are 6+ automotive OEM nominations with six to 10 million LiDAR units providing more than $5 billion in gross revenue opportunity. </p></li></ul></div></div></div></div>

AEye is the global leader in adaptive, high- performance LiDAR solutions.Its software-driven LiDAR platform (4SightTM Intelligent Sensing Platform [4Sight]) and its partnering and licensing business model are key to AEye’s differentiation and significant multi- market revenue runway.Near term, there are 6+ automotive OEM nominations with six to 10 million LiDAR units providing more than $5 billion in gross revenue opportunity. 

AEye, Inc. - New Management Focusing on Automotive First

United States

AudioEye, Inc. is a SaaS platform delivering website accessibility compliance at scale. The Company's AI-driven platform delivers real-time monitoring, testing, and resolution of accessibility issues coupled with human-assisted technology. AudioEye serves customers worldwide.

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AudioEye (AEYE US)

AEye, Inc. - 4Q23 Cash Burn Lower, New Product Announced

While AEye announced 4Q23 revenue of $0.1 million and reduced cash burn again, the real story was the signing of a letter-of-intent with a Tier 1...

Water Tower Research

AEye, Inc. - AEye's Lidar Technology Drives Automotive Safety

AEye’s 4SightTM products, built on this platform, are ideal for dynamic applications that require precise measurement imaging to ensure safety and...

Water Tower Research

AEye, Inc. - 2Q23 Revenue In Line with a Lower Loss

2Q23 revenue came in as expected at $0.6 million, while EPS was slightly better than expected at a loss of $0.07 versus consensus of a loss of $0.09.

Water Tower Research

AEye, Inc. - New Management Focusing on Automotive First

Near term, there are 6+ automotive OEM nominations with six to 10 million LiDAR units providing more than $5 billion in gross revenue opportunity.

Water Tower Research

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