AEye (NASDAQ:LIDR) Issues Earnings Results

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

AEye Stock Down 4.9 %

NASDAQ LIDR traded down $0.06 during trading on Thursday, reaching $1.08. 32,181 shares of the company’s stock were exchanged, compared to its average volume of 1,428,240. The company has a current ratio of 3.38, a quick ratio of 3.34 and a debt-to-equity ratio of 0.01. AEye has a fifty-two week low of $0.92 and a fifty-two week high of $5.74. The company’s fifty day simple moving average is $1.15 and its 200-day simple moving average is $1.65. The firm has a market capitalization of $7.13 million, a PE ratio of -0.14 and a beta of 2.95.

Wall Street Analysts Forecast Growth

Separately, Westpark Capital reaffirmed 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.