Eye CFO Conor Tierney buys $2,405 in common stock

Published 14/03/2025, 00:24
Eye CFO Conor Tierney buys $2,405 in common stock

PLEASANTON, Calif.—Conor B. Tierney, the Treasurer and CFO of AEye, Inc. (NASDAQ:LIDR), recently acquired 4,500 shares of the company’s common stock. The transaction, which occurred on March 13, amounted to a total value of $2,405, with each share purchased at a price of $0.5346. The purchase comes as the stock trades near its 52-week low of $0.51, with InvestingPro analysis indicating oversold conditions. Following this acquisition, Tierney holds a total of 177,048 shares in the company.

AEye, Inc., a company specializing in motor vehicle parts and accessories, continues to be a focal point for investors monitoring insider activities.

In other recent news, AEye, Inc. reported a GAAP net loss of $8.5 million for Q4 2024, equating to $0.93 per share, alongside 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 successfully raised an additional $12.7 million in 2025, extending its cash runway to mid-2026. AEye also launched its new LiDAR sensor, Apollo, which is capable of 1-kilometer detection, marking a significant advancement in their product offerings. Despite these developments, the company faces a potential Nasdaq delisting due to non-compliance with the minimum bid price requirement. AEye has until September 8, 2025, to address this issue by maintaining a share price of at least $1.00 for ten consecutive business days. Additionally, AEye is exploring non-automotive markets such as security and rail to expand its market reach. The company is also working on Apollo B samples and OEM integration, with future growth expected in new markets like trucking and robotaxis.

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