Lidar sensors maker AEye Q3 net loss widens to $9.3 mln
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AEye reported a Q3 GAAP net loss of $9.3 million, an increase from previous losses. The company doubled its customer base to 12 and secured investments for production expansion, ending the quarter with $84.3 million in cash. AEye anticipates a cash burn of $27 to $29 million in 2025. The company has formed new partnerships to enhance commercial traction. Analysts rate AEye shares as a 'buy', with a 12-month price target of $6.00, reflecting a potential upside from its current price of $2.23.
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