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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.

Research from Water Tower Research

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<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

AudioEye

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