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PLEASANTON, Calif. - AEye, Inc. (NASDAQ:LIDR), a $22 million market cap company with strong recent stock performance, announced Thursday that its Apollo lidar system has been fully integrated into NVIDIA’s DRIVE AGX platform, a key component of NVIDIA’s autonomous vehicle ecosystem. According to InvestingPro data, the company maintains a healthy balance sheet with more cash than debt.
The integration provides AEye with access to NVIDIA’s network of automakers developing self-driving and advanced driver assistance technologies. AEye’s Apollo lidar is designed to detect objects at distances beyond one kilometer and can be integrated behind a vehicle’s windshield, on the roof, or in the grille. While the company’s current financial health score is classified as weak by InvestingPro, analysts project revenue growth of 26% for the current year.
"We are thrilled to now be officially certified as a part of NVIDIA’s DRIVE AGX platform," said Matt Fisch, CEO of AEye. "Now that Apollo is a part of the NVIDIA DRIVE ecosystem, we have a powerful channel to scale commercially across the automotive industry."
The company describes Apollo as a software-defined lidar solution that can be updated without replacing hardware. AEye plans to provide more details during its July 31 earnings call and will soon share information about its newest offering called OPTIS, described as a physical AI solution for smart transportation applications.
Apollo is part of AEye’s 4Sight Flex family of lidar sensors, which the company states delivers long-range detection capabilities in a compact form factor. The company claims Apollo is the only 1550 nm high-performance lidar capable of behind-windshield integration with kilometer-plus detection range.
This announcement is based on a press release statement from AEye. The company is scheduled to report earnings on August 4, with a current ratio of 2.5 indicating strong short-term liquidity. Discover more detailed insights and 12 additional ProTips about AEye’s financial outlook in the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, AEye, Inc. reported a challenging first quarter of 2025, with a GAAP net loss of $8 million, or $0.46 per share, and a non-GAAP net loss of $5.8 million, or $0.33 per share. The company has also projected ongoing challenges with an expected full-year cash burn of $27 million to $29 million. In a significant development, AEye announced that its Apollo lidar units have been selected by a major transportation OEM, which could potentially bring in $30 million in revenue over the next 24 to 36 months. This selection was based on the Apollo lidar’s advanced capability to detect objects at distances of up to one kilometer. Additionally, AEye has joined the WinTOR project at the University of Toronto to enhance autonomous vehicle perception systems in adverse weather conditions. This collaboration aims to improve the functionality of self-driving vehicles in heavy rain and snow, addressing a crucial limitation in current systems. These recent developments underscore AEye’s ongoing efforts to advance its technology and expand its market presence.
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