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In a recent transaction reported to the Securities and Exchange Commission, Jonathon B. Husby, a director at AEye, Inc. (NASDAQ:LIDR), acquired 36,707 shares of the company’s common stock. The insider purchase comes as the stock trades near its 52-week low of $0.51, with the company’s market capitalization currently standing at approximately $10 million. The purchase, executed on March 13, 2025, totaled approximately $19,997, with shares bought at a weighted average price of $0.5448. The transaction was executed in multiple trades with prices ranging from $0.5361 to $0.5469. Following this acquisition, Husby now holds 84,258 shares directly in the company. According to InvestingPro analysis, AEye maintains a healthy balance sheet with more cash than debt, though the company faces challenges with rapid cash burn. Discover comprehensive insights and 18 additional ProTips about AEye’s financial health and market position through InvestingPro’s detailed research reports.
In other recent news, AEye, Inc. reported its fourth-quarter 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 raised an additional $12.7 million in 2025, extending its cash runway to mid-2026. AEye launched Apollo, a new LiDAR sensor, which has been well-received in the market, though the stock saw a decline following the announcement. The company is exploring new markets beyond automotive, including security and rail, to expand its reach.
AEye is also addressing a compliance issue with Nasdaq’s minimum bid price requirement, having been notified of non-compliance due to its stock trading below $1.00 per share for 30 consecutive business days. The company has until September 8, 2025, to rectify this issue to avoid potential delisting. In terms of strategic partnerships, AEye’s collaboration with NVIDIA (NASDAQ:NVDA) is noted to be expanding its opportunities with automotive OEMs. The company remains focused on reducing cash burn and has achieved a seventh consecutive quarter of reductions, positioning itself for future growth.
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