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

AEye (NASDAQ:LIDR) posted its earnings results on Tuesday. The company reported ($0.70) earnings per share (EPS) for the quarter, beating 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 net margin of 24,308.44% and a negative return on equity of 144.00%.

AEye Stock Performance

LIDR stock traded down $0.06 during midday trading on Thursday, hitting $1.08. 32,181 shares of the company traded hands, compared to its average volume of 1,428,240. AEye has a twelve month low of $0.92 and a twelve month high of $5.74. The stock has a market capitalization of $7.13 million, a price-to-earnings ratio of -0.14 and a beta of 2.95. The company has a quick ratio of 3.34, a current ratio of 3.38 and a debt-to-equity ratio of 0.01. The business has a 50 day simple moving average of $1.15 and a 200-day simple moving average of $1.65.

Analyst Ratings Changes

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

About AEye

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.