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PLEASANTON, Calif.—Matthew Fisch, the CEO of AEye, Inc. (NASDAQ:LIDR), recently acquired additional shares of the company’s common stock, according to a recent SEC filing. On March 3, Fisch purchased a total of 17,666 shares, with the transactions valued at approximately $10,418. The shares were acquired at prices ranging from $0.5868 to $0.5899 per share. According to InvestingPro data, this insider purchase comes as the stock trades near its 52-week low of $0.56, having declined nearly 69% over the past year.
Following these transactions, Fisch’s direct ownership amounts to 330,185 shares. Additionally, 1,000 shares are held indirectly by his spouse. AEye, a company known for its work in motor vehicle parts and accessories, continues to be a focal point for investors interested in the automotive technology sector. While the company maintains a healthy current ratio of 2.23 and holds more cash than debt, InvestingPro analysis indicates the stock is currently undervalued. Subscribers can access 20 additional ProTips and a comprehensive Pro Research Report for deeper insights into AEye’s financial health and growth prospects.
In other recent news, Aeye Inc reported its Q4 2024 earnings, revealing a GAAP net loss of $8.5 million, or $0.93 per share, and a non-GAAP net loss of $6.3 million, or $0.69 per share. The company ended the quarter with $22.3 million in cash and has raised an additional $12.7 million in 2025, extending its cash runway to mid-2026. Aeye launched its new LiDAR sensor, Apollo, which offers high-resolution detection capabilities. The company is exploring new markets beyond automotive, including security and rail, to expand its application of LiDAR technology. Analysts have noted Aeye’s strategic focus on reducing cash burn, which has been successful for seven consecutive quarters. The company has also strengthened its partnerships, notably with NVIDIA (NASDAQ:NVDA), to gain access to new OEMs. Aeye is actively working on Apollo’s B samples and OEM integration, with expectations to ramp up production in 2025. Despite facing challenges such as market saturation and supply chain issues, Aeye remains optimistic about its future growth potential.
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