AEye (NASDAQ:LIDR) Second Quarter 2024 Results

Key Financial Results

• Net loss: US$7.99m (loss narrowed by 50% from 2Q 2023).

• US$1.16 loss per share (improved from US$2.74 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

AEye Earnings Insights

Looking ahead, revenue is forecast to grow 78% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Electronic industry in the US.

Performance of the American Electronic industry.

The company's shares are down 19% from a week ago.

Risk Analysis

You should learn about the 6 warning signs we've spotted with AEye (including 4 which are significant).

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.