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AEye’s CEO Issues Letter to Stockholders

  • AEye, Inc. reported record commercial momentum with its pipeline reaching an all-time high, transitioning from paid evaluations to recurring commercial agreements.
  • Lunar Outpost secured a binding multi-million-dollar contract backed by NASA funding to deploy Apollo™ lidar on the Pegasus Lunar Terrain Vehicle for the Artemis program.
  • Alive3D selected Apollo™ for next-generation sports analytics, expanding AEye's market presence into a new commercial category.
  • Laura Wrisley was appointed Chief Revenue Officer to enhance go-to-market execution and scale revenue conversion.
  • Defense vertical engagement doubled quarter-over-quarter, with a lead customer placing a third consecutive paid order.
  • AEye signed an MOU with MoveAWheeL to integrate Apollo's long-range detection with acoustic road-surface friction sensing for improved ADAS performance.
  • OPTIS™ smart intersection deployments continue in the Bay Area and Detroit, while Apollo™ was validated on the NVIDIA DRIVE AGX Thor platform.
  • Commercial activity reached a record level with 25 revenue-generating customers, representing a 19% increase since Q1.
  • Revenue grew approximately nine-fold year-over-year and doubled sequentially, marking four consecutive quarters of growth with first-half 2026 revenue exceeding full-year 2025.
  • The company maintains a strong financial position with a substantial cash reserve and a virtually debt-free balance sheet.
  • AEye plans to scale production through a capital-light manufacturing partnership with LITEON.
  • CEO Matt Fisch expects additional commercial deals to materialize in the second half of 2026, positioning the company for continued revenue growth in 2027.