AEye gains on partnership with defense contractor Booz Allen Hamilton

Aeye

15/08/2022 14:02

** Shares of lidar solutions provider AEye Inc  LIDR.O  rise
3.8% to $2.75 premarket
    ** LIDR says it will partner with defense contractor Booz
Allen Hamilton Holding Corp  BAH.N  to drive adoption of co's
technology for aerospace and defense applications  urn:newsml:reuters.com:*:nBw55446Ba
    ** Company reports Q2 revenue of $706,000, compared with
$747,000, a year earlier  urn:newsml:reuters.com:*:nBw8cLJYMa
    ** Posts Q2 net loss of $26.5 mln vs $11.1 mln a year
earlier
    ** Up to last close, stock had fallen ~45% YTD

 (Reporting by Akash Sriram in Bengaluru)
 ((Akash.Sriram@thomsonreuters.com; https://twitter.com/hoodieonveshti;))