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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.

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<ul><li>Last night, AEye filed an 8-K announcing that it will restructure and reduce its workforce by approximately one-third, effective April 3, 2023.</li><li>This reduction in force (RIF) is part of the company’s revised strategic plan that it will announce on its May earnings call.</li><li>The company expects the new plan will include other significant operating expense reductions.</li></ul>

Last night, AEye filed an 8-K announcing that it will restructure and reduce its workforce by approximately one-third, effective April 3, 2023.This reduction in force (RIF) is part of the company’s revised strategic plan that it will announce on its May earnings call.The company expects the new plan will include other significant operating expense reductions.

Reducing Workforce by One-Third Part of New Strategic Plan to Refocus the Company