AEye, Inc. Files 2023 Annual Report on Form 10-K

Ticker: LIDRW · Form: 10-K · Filed: Mar 27, 2024 · CIK: 1818644

Sentiment: neutral

Topics: 10-K, Annual Report, AEye, Financials, Automotive Technology

TL;DR

<b>AEye, Inc. has filed its 2023 10-K report detailing financial performance and corporate information.</b>

AI Summary

AEye, Inc. (LIDRW) filed a Annual Report (10-K) with the SEC on March 27, 2024. AEye, Inc. filed its 2023 Form 10-K on March 27, 2024, reporting for the fiscal year ended December 31, 2023. The company's business address is One Park Place, Suite 200, Dublin, CA 94568, with a phone number of 925-400-4366. AEye, Inc. was formerly known as CF Finance Acquisition Corp. III, with a name change effective July 17, 2020. The filing includes financial data for the fiscal years 2023, 2022, and 2021. Key financial statement elements such as Common Stock, Additional Paid-In Capital, and Retained Earnings are detailed for multiple periods.

Why It Matters

For investors and stakeholders tracking AEye, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of AEye's financial health and operational status for the fiscal year 2023, which is crucial for investors to assess the company's performance and future prospects. Understanding the company's historical financial data, including changes in equity and liabilities, as presented in this filing, is essential for making informed investment decisions regarding AEye, Inc.

Risk Assessment

Risk Level: medium — AEye, Inc. shows moderate risk based on this filing. The filing is a standard 10-K, which typically contains detailed financial information and risk factors, but lacks specific performance metrics or forward-looking statements that would indicate immediate significant positive or negative trends.

Analyst Insight

Investors should review the detailed financial statements and risk factors within the 10-K to understand AEye's financial position and potential challenges.

Revenue Breakdown

SegmentRevenueGrowth
Product
Technology Service

Key Numbers

Key Players & Entities

FAQ

When did AEye, Inc. file this 10-K?

AEye, Inc. filed this Annual Report (10-K) with the SEC on March 27, 2024.

What is a 10-K filing?

A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by AEye, Inc. (LIDRW).

Where can I read the original 10-K filing from AEye, Inc.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by AEye, Inc..

What are the key takeaways from AEye, Inc.'s 10-K?

AEye, Inc. filed this 10-K on March 27, 2024. Key takeaways: AEye, Inc. filed its 2023 Form 10-K on March 27, 2024, reporting for the fiscal year ended December 31, 2023.. The company's business address is One Park Place, Suite 200, Dublin, CA 94568, with a phone number of 925-400-4366.. AEye, Inc. was formerly known as CF Finance Acquisition Corp. III, with a name change effective July 17, 2020..

Is AEye, Inc. a risky investment based on this filing?

Based on this 10-K, AEye, Inc. presents a moderate-risk profile. The filing is a standard 10-K, which typically contains detailed financial information and risk factors, but lacks specific performance metrics or forward-looking statements that would indicate immediate significant positive or negative trends.

What should investors do after reading AEye, Inc.'s 10-K?

Investors should review the detailed financial statements and risk factors within the 10-K to understand AEye's financial position and potential challenges. The overall sentiment from this filing is neutral.

Risk Factors

Key Dates

Glossary

10-K
An annual report required by the U.S. Securities and Exchange Commission (SEC), which gives a comprehensive summary of a company's financial performance. (This filing provides the core financial and operational data for AEye, Inc. for the fiscal year 2023.)

Filing Stats: 4,442 words · 18 min read · ~15 pages · Grade level 14.8 · Accepted 2024-03-26 20:57:12

Key Financial Figures

Filing Documents

Risk Factors

Item 1A. Risk Factors 11

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 42 Item 1C. C yber security 42

Properties

Item 2. Properties 43

Legal Proceedings

Item 3. Legal Proceedings 43

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 43 Part II

Market for Registrant ' s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant ' s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 44

[Reserved]

Item 6. [Reserved] 44

Management ' s Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management ' s Discussion and Analysis of Financial Condition and Results of Operations 45

Quantitative and Qualitative Disclosures About Market Risk

Item 7A. Quantitative and Qualitative Disclosures About Market Risk 55

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 57

Changes in and Disagreements With Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 91

Controls and Procedures

Item 9A. Controls and Procedures 91

Other Information

Item 9B. Other Information 91

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 92 Part III

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 93

Executive Compensation

Item 11. Executive Compensation 93

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 93

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence 93

Principal Accounting Fees and Services

Item 14. Principal Accounting Fees and Services 93 Part IV

Exhibits, Financial Statement Schedules

Item 15. Exhibits, Financial Statement Schedules 94

Form 10-K Summary

Item 16. Form 10-K Summary 95

Signatures

Signatures 95 2 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS The information in this Annual Report on Form 10-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. Such statements are based upon current expectations that involve risks and uncertainties. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. For example, words such as "may," "will," "should," "estimates," "predicts," "potential," "continue," "strategy," "believes," "anticipates," "plans," "expects," "intends" and similar expressions are intended to identify forward-looking statements. You should not rely on forward-looking statements as predictions of future events. Our actual results and the timing of certain events may differ significantly from the results discussed in the forward-looking statements. Factors that might cause or contribute to such differences include, but are not limited to, those discussed elsewhere in this report, particularly in Part I, Item 1A titled "Risk Factors," and the risks discussed in our other Securities and Exchange Commission, or SEC, filings. We undertake no obligation to update the forward-looking statements after the date of this report, except as required by law. PART I

Business

Item 1. Business General We are a provider of high-performance, active lidar systems for vehicle autonomy, advanced driver-assistance systems, or ADAS, and robotic vision applications. We have developed an artificial intelligence technology that enables adaptive "intelligent sensing," differentiating us in the marketplace from our competition. Our proprietary software-definable 4Sight TM Intelligent Sensing Platform combines solid-state active lidar, an optionally fused low-light HD camera, and integrated deterministic artificial intelligence to capture more intelligent information with less data, enabling faster, more accurate, and more reliable perception of the surroundings. We were founded in 2013 by Luis Dussan, a member of our Board of Directors and our first Chief Executive Officer, with the goal of creating a deterministic AI-driven sensing system that performs better than the human eye and visual cortex. Mr. Dussan's experience developing mission-critical targeting systems for fighter jets and ground troops on behalf of the U.S. military provided us with the background to develop a differentiated approach to visual sensing. While traditional sensing systems passively collect data, our active 4Sight TM Intelligent Sensing Platform leverages principles from automated targeting systems and biomimicry to scan the environment, while intelligently focusing on what matters in order to enable safer, smarter, and faster decisions in complex scenarios. From our inception, our culture drew from esteemed scientists and electro-optics engineers from the National Aeronautics and Space Administration, or NASA, Lockheed Martin Corporation, Northrop Grumman Corporation, the U.S. Air Force, and the Defense Advanced Research Projects Agency, or DARPA, to create the highest performing sensing and perception system for the most challenging situations, ensuring the highest levels of safety for autonomous driving. As a result, our adaptive lidar is designed to enable high

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