Quarterly ResultMay 13, 2026, 04:18 PM
AEye Q1 Revenue Up 60% to $101K; Commercial Pipeline at Record Levels
AI Summary
AEye, Inc. reported first-quarter 2026 financial results, with revenue increasing approximately 60% year-over-year to $101,000. The company also announced record commercial engagement, with 21 revenue-generating customers and nearly 40% quarter-over-quarter growth in quotes and engagements. AEye reaffirmed its 2026 cash burn guidance of $30 million to $35 million, projecting an operational runway into 2028.
Key Highlights
- Q1 2026 revenue was $101,000, an increase of approximately 60% year-over-year.
- GAAP net loss for Q1 2026 was $(8.3) million, or $(0.18) per share.
- Non-GAAP net loss for Q1 2026 was $(6.7) million, or $(0.15) per share.
- Cash, cash equivalents, and marketable securities totaled $77.2 million as of March 31, 2026.
- Q1 2026 cash burn was $9.2 million.
- Reaffirmed 2026 full-year cash burn guidance of $30 million to $35 million.
- Active customer count grew to 21, a 31% increase since Q4 2025.
- Quotes and engagements both increased by nearly 40% quarter-over-quarter.