AEye (NASDAQ:LIDR) Releases Earnings Results, Beats Expectations By $0.19 EPS

AEye (NASDAQ:LIDR) released its quarterly earnings results on Tuesday. The company reported ($0.70) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.89) by $0.19, Zacks reports. The firm had revenue of $0.10 million during the quarter. AEye had a negative return on equity of 144.00% and a negative net margin of 24,308.44%.

AEye Stock Down 5.3 %

NASDAQ LIDR traded down $0.06 on Thursday, reaching $1.07. The company had a trading volume of 72,084 shares, compared to its average volume of 1,428,421. The firm has a 50-day moving average of $1.15 and a 200-day moving average of $1.65. AEye has a 1 year low of $0.92 and a 1 year high of $5.74. The firm has a market capitalization of $7.09 million, a PE ratio of -0.14 and a beta of 2.95. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.38 and a quick ratio of 3.34.

Wall Street Analyst Weigh In

Separately, Westpark Capital restated a “hold” rating on shares of AEye in a report on Monday, August 5th.

AEye Company Profile

AEye, Inc, together with its subsidiaries, provides lidar systems for vehicle autonomy, advanced driver-assistance systems, and robotic vision applications in the United States, Europe, and Asia-Pacific. It offers 4Sight intelligent sensing lidar platform, including 4Sight at Design, Triggered 4Sight, Responsive 4Sight, and Predictive 4Sight; and 4Sight for automotive and industrial market.