Revenue: As of FY2026 Q1, the actual value is USD 101 K.EPS: As of FY2026 Q1, the actual value is USD -0.18.EBIT: As of FY2026 Q1, the actual value is USD -9.674 M.<h4>Consolidated Financial Performance</h4><ul><li>Revenue: For the three months ended March 31, 2026, revenue was $101 thousand, an increase of $37 thousand (58%) compared to $64 thousand in 2025. This increase was primarily driven by sales of Apollo™ lidar units, partially offset by lower contract development revenues .</li><li>Cost of Revenue: Cost of revenue increased by $105 thousand (109%) to $201 thousand for the three months ended March 31, 2026, from $96 thousand in the prior year, mainly due to higher costs associated with product sales, partially offset by lower inventory provisions .</li><li>Gross Loss: The company reported a gross loss of - $100 thousand for the three months ended March 31, 2026, an increase in loss of - $68 thousand (213%) from a gross loss of - $32 thousand for the same period in 2025 .</li><li>Operating Expenses:<ul><li>Research and Development (R&amp;D): R&amp;D expenses increased by $275 thousand (8%) to $3,765 thousand for the three months ended March 31, 2026, compared to $3,490 thousand in 2025. This was primarily due to higher personnel costs and increased fees for third-party development work, engineering parts, and lab equipment, partially offset by a decrease in stock-based compensation expense .</li><li>Sales and Marketing (S&amp;M): S&amp;M expenses increased by $603 thousand to $986 thousand for the three months ended March 31, 2026, from $383 thousand in 2025, mainly driven by increases in personnel costs and marketing, trade show, and consultant expenses .</li><li>General and Administrative (G&amp;A): G&amp;A expenses increased by $1,283 thousand (44%) to $4,178 thousand for the three months ended March 31, 2026, from $2,895 thousand in 2025. This increase was primarily due to a favorable adjustment of $1,685 thousand from a lease dispute settlement in the prior year’s quarter, partially offset by decreases in stock-based compensation and legal/consulting expenses .</li><li>Total Operating Expenses: Total operating expenses increased by $2,161 thousand (32%) to $8,929 thousand for the three months ended March 31, 2026, from $6,768 thousand in the prior year .</li></ul></li><li>Loss from Operations: Loss from operations increased by - $2,229 thousand (33%) to - $9,029 thousand for the three months ended March 31, 2026, from - $6,800 thousand for the same period in 2025 .</li><li>Net Loss: Net loss increased by $329 thousand (4%) to - $8,345 thousand for the three months ended March 31, 2026, from - $8,016 thousand in the prior year. This was primarily due to increased facilities and personnel costs, partially offset by decreased stock-based compensation, lower changes in fair value of convertible note and warrants, and decreased financing costs .</li></ul><h4>Cash Flow Summary</h4><ul><li>Operating Activities: Net cash used in operating activities was - $8,555 thousand for the three months ended March 31, 2026, compared to - $7,803 thousand for the same period in 2025 .</li><li>Investing Activities: Net cash provided by investing activities was $10,713 thousand for the three months ended March 31, 2026, a significant change from - $8,578 thousand used in the prior year. This was mainly due to proceeds from redemptions and maturities of marketable securities totaling $10,900 thousand, partially offset by purchases of property and equipment of - $187 thousand .</li><li>Financing Activities: Net cash used in financing activities was - $352 thousand for the three months ended March 31, 2026, a decrease from $11,382 thousand provided in the prior year. This was primarily due to taxes paid on net settlement of equity awards of - $252 thousand and stock issuance costs of - $100 thousand .</li></ul><h4>Strategic Summary and Outlook</h4>AEye, Inc. anticipates growing demand for its Apollo™ platform in both Automotive and Non-Automotive markets, focusing on ADAS, autonomous driving, commercial trucking, and exploring new opportunities . The company plans to leverage its Tier 1 automotive suppliers for production in Non-Automotive markets and license its technology for royalties in the Automotive market, aiming for a unified supply chain . Key initiatives include expanding relationships with LITEON, strategic partnerships in China, and integrating lidar technology with NVIDIA’s DRIVE AGX platforms, with management believing existing financial resources are sufficient for the next twelve months .

AEye - CW27 | 10-Q: FY2026 Q1 Revenue: USD 101 K