AEye, Inc.
The growth in autonomous technology for automotive, mobility, industrial, and aerospace and defense applications is creating opportunities for investors. One of these key technologies, LiDAR, helps enable detection, measurement, and avoidance of obstacles in various environments to ensure safety and performance across these applications. AEye’s software-defined adaptive LiDAR, based on our 4Sight™ Intelligent Sensing Platform, is uniquely positioned to meet this need. We’re pursuing a large TAM opportunity – estimated at over $42 billion by 20301 – with a capital-light business model and an experienced and visionary management team at the helm. We invite you to join us to learn more about AEye and why we believe we are one of the most interesting investment opportunities in the technology sector.
1Wall Street research, industry research, and management estimates
Nasdaq: LIDR
IR Website: https://investors.aeye.ai/
Headquarters: Dublin, CA
SHARE THE EXPERIENCE
We’d love to share more information and an opportunity for you to experience a “live demonstration” of AEye’s 4Sight Intelligent Sensing Platform. By registering, you will be eligible to take a ride in our Shadow Van to see how our adaptive LiDAR works in the real world or take a "virtual" demo right from your desktop. We will also send you a white paper: “The Future of Autonomous Vehicles: Part I – Think Like a Robot, Perceive Like a Human” to get you excited about the future and AEye!
Summary
Why Invest In Us
AEye’s business model is capital-light and high-margin based on a single platform that is software-driven and adaptive across multiple markets. This architecture provides cost-effective development, testing, and implementation driving innovation and creative solutions. Our unique licensing model allows for our Tier 1 automotive partners to manufacture automotive-grade hardware at scale, utilizing our modular architecture and unique SoC and software. In other markets, such as Industrial, we use contract manufacturers to build the LiDAR sensors that we will sell to system integrators. Our business model – combined with our disruptive technology – makes AEye distinctive among its peers, and we believe creates an interesting investment opportunity.
Massive Addressable Market
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LiDAR is expected to be in everything that uses cameras today with applications in the automotive, industrial and mobility industries
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Addressable market forecasted to increase at a 30% CAGR from $3 billion in 2020 to $42 billion in 2030
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Focused on multiple markets with forecasted 2030 opportunities of $18 billion in automotive, $17 billion in industrial and $7 billion in mobility
Disruptive Technology
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High performance, long-range 4Sight Intelligent Sensing Platform is flexible and adaptable
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Delivers precise, accurate and timely information on what matters most in varied environments and weather conditions
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Software-driven and network optimized using artificial intelligence and edge processing
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Bi-static architecture affords maximum placement flexibility (behind windshield or in headlight or grill) allowing OEMs to make design-centric decisions without impacting system performance
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Modular design takes advantage of innovation and reduces cost
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Significant intellectual property portfolio protects technological leadership position
Marquee Customers and Partnerships
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Selected by Continental, one of the world’s largest automotive suppliers, as their long-range LiDAR partner with start of production planned for 2024
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Development partnership with global self-driving technology company, TuSimple, to advance reliable highway autonomy for long-haul trucks
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Partnering with Sanmina Corporation, a leading integrated manufacturing solutions company, to handle final assembly and manufacturing for non-automotive markets at commercial scale
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Working with NVIDIA to bring adaptive, intelligent sensing to the NVIDIA DRIVE® autonomous vehicle platform
Investor Presentation
Recent News
AEye’s Jordan Greene Named as a Rising Star of the Autonomous Vehicle Industry by Business Insider
Feb 10, 2022
AEye (NASDAQ: LIDR) Appoints Former Apple Global Marketing Executive Sue Zeifman to Its Board of Directors
Jan 18, 2022
AEye Will Not Attend CES 2022 in Person out of Concern for the Health and Safety of Employees, Partners, and Customers
Dec 30, 2021
AEye Showcases Adaptive LiDAR at CES 2022 – Live in Las Vegas and Virtually via Webcasts
Dec 22, 2021
AEye Announces Common Stock Purchase Agreement With Tumim Stone Capital for up to $125 Million
Dec 8, 2021
AutoSens Awards AEye Founder and Chief Technology Officer Luis Dussan the 2020 Vision Award
Nov 29, 2021
Management Overview
Blair LaCorte
CEO
Blair LaCorte is an accomplished leader and strategist with a long history of leveraging his change management skills to drive operational alignment and company growth. Prior to AEye, he served as global president of PRG, the world’s largest live event technology and services company. He was also CEO of XOJET, one of the fastest growing aviation companies in history and the largest private charter company in North America. He also served as a managing director and operating partner at TPG, a premier private equity firm with over $91B in global investments. LaCorte has held numerous executive and general management positions in private and public technology and investment companies throughout his career, including: VerticalNet, ICGE, Savi Technologies, Autodesk and Sun Microsystems. He graduated summa cum laude from the University of Maine and holds an MBA from Dartmouth’s Tuck School of Business, where he later served as an executive fellow at the Center for Digital Strategies. He has garnered numerous patents across several domains, served on the Senate’s High Tech Advisory Board, and has been named an “Innovator of the Year” by NASA. LaCorte is an investor and astronaut in training with Virgin Galactic, as well as an investor in Moon Express, designer of the next generation of robotic spacecraft systems.
Luis Dussan
CTO/Co-Founder
Luis Dussan is a 20+ year veteran of the aerospace and defense industry. During his career at Lockheed Martin and Northrop Grumman, Dussan’s research and development interests included smart and innovative sensor solutions for applications involving Information, Surveillance, Reconnaissance (ISR), Targeting, Fire Control, LADAR/LIDAR and Autonomy. He started his career at NASA working for the Jet Propulsion Lab in the Deep Space Network that communicated with NASA planetary and deep space probes. He then spent the bulk of his career at Lockheed Martin in their Missiles and Fire Control Division working in the Advanced Concepts group and developing state-of-the-art ISR and Targeting systems, such as the well-known LM Advanced Targeting Pod found in virtually every major US airborne military asset. After LM, Dussan went to Northrop Grumman Laser Systems and took the post of Chief Technologist where he was responsible for managing that division’s Electro-Optical Sensors R&D. Dussan holds a BS in Electrical Engineering & Computer Science, an MS in Quantum Optics and an MS in Optics & Photonics. He put his PhD in Computational Physics on hold to start AEye.
Bob Brown
CFO
Bob Brown comes to AEye with over 30 years of financial experience, completing over $20 billion in financing and M&A transactions. He has held CFO roles at Velodyne Lidar, Cepton Technologies, and VeriSilicon (SHA:688521). Earlier roles include VP positions at Cadence Design Systems (CDNS), LSI Corporation (acquired by Avago/Broadcom for $6.6 billion) and GetThere (acquired by Sabre for $757 million). Prior to that, Bob held several roles in finance at Hewlett-Packard. He started his career in banking with Security Pacific National Bank. Bob holds a B.S. in Business from Miami University and an MBA from the University of Michigan.
Rick Tewell
COO
Tewell joins AEye from Velodyne Lidar, where he served most recently as Chief Operating Officer. During his career, Tewell has held progressively senior roles in both hardware and embedded software across industry-leading high technology companies, including NVIDIA, Freescale, NXP and VeriSilicon. He brings more than 30 years of engineering and operations experience, including two decades in automotive electronics.
Jordan Greene
GM of ADAS/Co-Founder
Jordan is responsible for AEye's global automotive business, as well as for defining and managing the ongoing execution of AEye’s strategic business goals with partners, investors, and internally. Jordan was formerly an Operating Partner at Tri-Valley Capital, an early-stage investment firm focused on fostering companies at the intersection of hardware, software, and data. He co-led investments into a number of enterprise software-enabled companies, including AEye, Deep Sentinel, Vivalnk, 4DS, and more. Prior to Tri-Valley Capital, Jordan was the Co-Founder and Head of Business Development for VIRES Aeronautics, a startup focused on improving the aerodynamics of vehicles through new methods in mechanical design. A sought-after speaker frequently quoted in business and automotive publications, Jordan has been named a Forbes 30 Under 30, Informa Tech Automotive Inspiration of the Year, and Kairos 50. He holds a Bachelor's in Business Administration from UC Berkeley's Haas School of Business, with a concentration in engineering leadership.
TR Ramachandran
Chief Product Officer
T. R. Ramachandran comes to AEye with over 23 years of experience launching complex, market leading solutions – including SOCs, software and systems - across several industries. Some of his prior roles include CMO at Cepton, VP of Product Management at Velodyne, and VP of Quality and Program Management at LSI (acquired by Avago/Broadcom for $6.6 billion). In recent years, TR had a leadership role in successfully securing the largest lidar design wins in the AV and ADAS markets. He received a B. Tech. in Metallurgical (Materials) Engineering from IIT, Madras (India), and a Ph.D. in Materials Science from USC (Los Angeles) with a focus on nanorobotics and semiconductor quantum dots.
Risks & Disclosures
This communication is neither an offer to sell nor a solicitation of an offer to buy, nor a recommendation of any securities of the company mentioned herein.
To the best of its knowledge, AEye, Inc. (the “Company”) does not believe the content on this page, or linked here, to be misleading or inaccurate in any material respect, nor does it believe there are any material omissions with respect to such content. The Company does not believe the contents of the page contains any non-public material information.
Information and opinions presented on or linked to this page are provided by the Company, and B2I DIGITAL makes no representation as to their accuracy or completeness. The information contained on or linked to this page is not intended to constitute any form of advice, and the information provided is not intended to provide a sufficient basis on which to make an investment decision. It is not investment research, nor does it constitute a research recommendation, as it does not constitute substantive research or analysis. This information is not to be relied upon in substitution for the exercise of independent judgment.
Information, opinions, and estimates contained on or linked to this page reflect judgments by the Company as of the original date of publication by the Company and are subject to change without notice. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied, is made regarding future performance.
Non-GAAP Financial Measures
The non-GAAP measures provided in the information presented on or linked to this page should not be considered a substitute for, or superior to, measures of financial performance prepared in accordance with generally accepted accounting principles (GAAP) in the United States. Non-GAAP financial measures do not have any standardized meaning and are therefore unlikely to be comparable to similarly titled measures presented by other companies. The Company considers these non-GAAP financial measures to be important because they provide additional insight into the Company’s on-going performance. The Company provides this information to investors for a more consistent basis of comparison and to help investors evaluate the results of the Company’s on-going operations, and to help enable more meaningful period-to-period comparison. Non-GAAP financial measures are presented only as supplemental information for purposes of understanding the Company’s operating results. The non-GAAP financial measures should not be considered a substitute for financial information presented in accordance with GAAP.
This information presented on or linked to this page includes non-GAAP financial measures, including Adjusted EBITDA. Adjusted EBITDA is defined as GAAP net loss plus stock-based compensation, plus expenses related to the registration statement on Form S-1 on behalf of selling stockholders, plus change in fair value of embedded derivative and warrant liabilities, plus the gain on our PPP loan forgiveness, plus amortization and depreciation expense, plus interest expense, less interest income.
Forward-Looking Statements
Certain statements included in the information presented on or linked to this page that are not historical facts are forward-looking statements within the meaning of the federal securities laws, including the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are sometimes accompanied by words such as “believe,” “continue,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “predict,” “plan,” “may,” “should,” “will,” “would,” “potential,” “seem,” “seek,” “outlook,” and similar expressions that predict or indicate future events or trends, or that are not statements of historical matters. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. These statements are based on various assumptions, whether or not identified in the materials. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by an investor as a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are very difficult or impossible to predict and will differ from the assumptions. Many actual events and circumstances are beyond the control of the Company. Many factors could cause actual future events to differ from the forward-looking statements in these materials, including but not limited to: (i) the risks that the positive customer and partnership momentum will not continue or produce the expected results in the timeframe anticipated; (ii) the risks that the approach to the market of the Company may not yield the results expected or in the timeframe anticipated; (iii) the risks that the Company’s licensing model for ADAS and direct sales into the industrial and mobility markets may not be successful or yield results in the timeframe expected; (iv) the risks that the Company may not achieve its goal to deliver reliable, cost-effective, and high-performance products that accelerate the adoption of LiDAR; (v) the risks that Continental may not be able to successfully establish a manufacturing line for the Company-based long-range lidar sensor; (vi) the risks that the Continental product may not go into large-scale series production in 2024, or at all; (vii) the risks that the Company will be unable to transition its manufacturing of its 4Sight M product to Sanmina in the fourth quarter of 2021, or at all; (viii) the risks that Continental’s integration of the Company’s LiDAR technology into their full-stack automotive-grade system will not be successful or achieve market acceptance; (ix) the risks that lidar adoption occurs slower than anticipated or fails to occur at all; (x) the risks that competing technologies will improve overtime to become operationally equivalent or more cost-effective, or both; (xi) the risks that competitors may introduce into the market products similar in capabilities to the integrated solution and such competitive solution takes some or all of the market share away from the Company; (xii) the risks that the Company’s products will not meet the diverse range of performance and functional requirements of the Company’s target markets and customers; (xiii) the risks that the Company’s products will not function as anticipated by the Company or by the Company’s target markets and customers; (xiv) the risks that the size of the total available market for the use of lidar will be smaller than predicted or take longer to come to fruition than predicted; (xv) the risk that laws and regulations are adopted impacting the use of lidar that the Company is unable to comply with, in whole or in part; (xvi) changes in competitive and regulated industries in which the Company operates, variations in operating performance across competitors, and changes in laws and regulations affecting the Company’s business; (xvii) the risk that the Company is unable to adequately implement its business plans, forecasts, and other expectations, and identify and realize additional opportunities, (xviii) the potential inability of the Company to scale its manufacturing capacity or to achieve efficiencies regarding its manufacturing processes or other costs; and (xix) the risk of downturns and a changing regulatory landscape in the highly competitive and evolving industry in which the Company operates. These risks and uncertainties may be amplified by the COVID-19 pandemic, including the Delta, Omicron, and future variants, which has caused significant economic uncertainty. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Quarterly Report on Form 10-Q that the Company filed with the U.S. Securities and Exchange Commission (the “SEC”) and other documents filed by the Company or that will be filed by the Company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made.
Readers are cautioned not to put undue reliance on forward-looking statements; the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. The Company gives no assurance that it will achieve any of its expectations.
A complete description of the risks and uncertainties relating to the Company and its securities can be found in the Company’s filings with the U.S. Securities and Exchange Commission available for free at www.sec.gov.
B2I DIGITAL, Inc. is a marketing sponsor of the Roth 34th Annual Roth Conference. B2I DIGITAL, Inc. is not an affiliate of Roth Capital Partners, LLC (“Roth”) and is not authorized to represent or act on behalf of Roth, in any capacity. Roth has not reviewed and approved the content contained on the b2idigital.com website.
