Lidar supplier Aeye reports Q1 2022 revenue at USD1.1 million, up 229% y/y

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Financial results

The company’s research and development expense amounted to USD8.5 million in Q1 2022

Aeye has reported first-quarter revenues at USD1.1 million with a year-on-year (y/y) increase of 229% compared to USD0.617 million in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 13 May 2022.

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