AEye, Inc. (NASDAQ:LIDR) Q2 2023 Earnings Call Transcript

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John Roy: Great, Matt. Thanks so much.

Operator: One moment for our next question. Our next question comes from Kevin Garrigan at WestPark Capital. Please go ahead.

Kevin Garrigan: Yes, hey good afternoon guys and congratulations on the milestones. The landscape of automotive OEMs out there, are there any OEMs that you’re not engaged with? And what are some of the reasons for that? And what are the ways you can kind of leverage your way into them?

Matt Fisch: Yes, so thanks Kevin. So first of all, it’s great to have you back again this quarter. Continental has an incredibly broad footprint internationally. And I would say that there’s not anything necessarily out of bounds. And so we do have access to the full portfolio of OEMs at least a major global OEMs. And they also have reach into Asia and China as well. So I think the best way I can sum it up is we’re incredibly busy in coding activities right now. And again, as I mentioned earlier, these are series production awards, high volume type tenders that are out there in the market. So we’re incredibly busy. And there’s certainly more on the horizon.

Kevin Garrigan: Okay, got it. Got it. That makes sense. [Technical Difficulty]

Matt Fisch: Hey, Kevin, what’s like we’re having a little bit of technical difficulty here? Maybe you could repeat the question. The murmuring just kept very choppy.

Kevin Garrigan: Can you hear me now?

Matt Fisch: Perfect.

Kevin Garrigan: Yes, I’m sorry about that. The [Indiscernible] that had announced in June. Did that expand your revenue opportunity at all?

Matt Fisch: Kevin, would you mind repeating that? It’s hard to hear the first part of the question?

Kevin Garrigan: Okay, it came through now. We got it. Yes, regarding the 4Sight platform that you guys had announced, did that expand your revenue opportunity at all?

Matt Fisch: Okay, it came through now we got it. Yes regarding the 4Sight Plus this as I mentioned earlier, there’s really tricky things that OEMs are now coming back and asking for these pathological cases, particularly driving at highway speeds, the 80 plus mile per hour range. And this was the intent of the 4Sight product is to further extend the sensors’ ability in high-speed, high-speed driving situations, as well as some tricky urban conditions as well. So as the market is learning more about, what are the hazardous conditions that need to be avoided, reacted to areas for camera and radar, for example, aren’t doing a great job. 4Sight plus was in response to the evolving market needs and the feedback that we’ve been getting over the last year or so. So absolutely, yes, is the answer.

Kevin Garrigan: Okay, perfect. That’s it for me. Thank guys and congrats again.

Matt Fisch: Thanks, Kevin.

Operator: I’m showing no further questions at this time. I would now like to turn the conference back to CEO, Matt Fisch for closing remarks.

Matt Fisch: Thank you for joining our call today. We look forward to updating you on our progress in the coming months. We also hope to see some of you at the JPMorgan Automotive Conference in New York on August 10th and the Jeffrey Semiconductor IT Hardware and Communications Technology Summit in Chicago on August 29th. Please reach out if you want to schedule some time to meet with us while we’re in New York or Chicago. Thanks, everyone, and have a great day.

Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.

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