Shares of AEye Inc - Class A (LIDR) are trading -10% lower at a price of $1.85 at the time of this writing. While it's generally been a green day for this part of the market, the company is trailing it's peers in the Information Technology sector.

The share price is likely moving as a result of the recent earnings call on August 15.

AEye Inc - Class A has been trading between a 52-week high of $12.25 and a 52-week low of $1.67. The stock has a market cap of $295 Million.

Aeye's focus is to create the highest performing sensing and perception system for the most challenging situations, ensuring the highest levels of safety for autonomous driving. The result is AEye’s patented iDAR™ (Intelligent Detection and Ranging) platform, which leverages a modular, software-configurable system architecture that employs deterministic artificial intelligence processed at the edge of the network. AEye’s solid-state iDAR™ introduces a number of industry firsts, including a bistatic MEMS scanner and receiver architecture that enables the collection of better information with less data, for faster, more accurate decision-making – key to the safe rollout of autonomous and partially automated applications for automotive, trucking, railroads and adjacent industries.

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