- AEye Inc (NASDAQ:LIDR) reported fourth-quarter revenue of $1.8 million, compared to $279 thousand in 4Q20.
- It reported a gross loss of $(296) thousand. The operating loss expanded to $(23.54) million for the quarter, compared to $(8.64) million in 4Q20.
- Adjusted loss per share was $(0.13), which missed the consensus of $(0.10).
- Adjusted EBITDA loss was $(19.79) million versus $(7.6) million a year ago.
- LIDR’s net cash used in operating activities stood at $55.7 million for FY21 versus $19.69 million in FY20.
- AEye ended FY21 with $164 million in cash, cash equivalents, and marketable securities and is debt-free.
- FY22 Outlook: AEye expects revenue of $4 million to $6 million, versus a consensus of $12.17 million, and Non-GAAP net loss of ~$(100) million for the year.
- It expects capital expenditures to be ~$3 million to $4 million.
- Price Action: LIDR shares are trading lower by 6.12% at $4.60 during the post-market session on Monday.
