AEye, Inc.

Thank you for standing by. My name is Janine and I will be your conference operator for today. At this time, I would like to welcome everyone to the AIQ3 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After today's presentation, there will be an opportunity to ask questions. To ask a question, you will press star followed by the number one on your touchtone phone. And to withdraw your question, please press star followed by the number one again. I would now like to turn the conference over to Betsy Patterson. Please go ahead.

Good afternoon, and thank you for joining AI's third quarter 2024 earnings call. With me today are Matt Fish, Chief Executive Officer, and Connor Tierney, Chief Financial Officer. Earlier today, AI announced its financial results for the third quarter 2024. A copy of this press release can be found on the investor relations section of the company's website. Today's discussion may include forward-looking statements as defined in the securities laws and regulations of the United States with reference to future events, operating results, or performance, and are based on our current expectations and assumptions. Any forward-looking statements are subject to inherent risk uncertainties, and changes in circumstances. Our actual results may differ materially from those contemplated by these forward-looking statements. You can find more information about the risks, uncertainties, and other factors in the reports AI files from time to time with the Securities and Exchange Commission, including in the most recent periodic report. The statements to be made are as of today only, and AI does not intend to update any forward-looking statements, regardless of any new information, future developments or otherwise, except as may be required by law. In addition, we will be discussing non-GAAP financial measures on this call, which we believe are relevant in assessing the financial performance of the business. These measures are presented as supplemental information only and should not be considered a substitute for financial information presented in accordance with GAAP. You can find reconciliations of these metrics to the most directly comparable GAAP measures within the press release. Now let me pass the call over to Matt.

Thanks, Betsy, and thank you all for joining us today on our third quarter 2024 earnings call. If there was an underlying theme for today's call, it would be progress. Our team made significant strides this quarter in advancing product and partnership milestones and putting the financial tools in place to move us closer to our production goals. I'm very proud of the AI team and the accomplishments we achieved in the quarter. On the product front, we announced that Apollo set a new bar in terms of performance with high-resolution object detection at distances of one kilometer. We believe this accomplishment is the first among our peers. Even more remarkably, we delivered it in a form factor that is half the size of competing products. Our advanced technology, coupled with superior design, delivers what customers want. Apollo demonstrations have also driven a significant spike in customer interest across the board. I'm also pleased to announce that we have now delivered the first Apollo samples to our partners. And thanks to Apollo's SmartScan architecture, our partners are reaping the benefits of a software-defined LiDAR solution, where major configuration changes, such as vehicle packaging, vehicle line variance, and SKU options are delivered in days instead of weeks or months. This quarter, we've also showcased Apollo by completing a major in-vehicle driving test with NVIDIA. Notably, we demonstrated that Apollo meets the NVIDIA Hyperion specifications, which demand an incredibly challenging combination of high resolution detection at very long distances. We are not aware of any other LiDAR solution that has met this milestone. This is a significant step forward and what we expect will be the integration of our technology into the NVIDIA Hyperion platform. This achievement further validates the strength of our technology and paves the way for deeper integration with the NVIDIA ecosystem. Given its focus on high performance computing, and AI-driven automotive solutions, NVIDIA is expected to have a profound influence on the autonomous and ADAS markets. We continue to deepen our relationship with our Tier 1 partner, LightOn. Together, we are engaged in multiple global OEM quoting activities and expect to ramp the first Apollo manufacturing line later this quarter. We recently showcased Apollo together with LightOn at the IZB International Suppliers Fair in Wolfsburg, Germany. IZB is held every two years and is one of the world's leading trade shows for automotive suppliers, attracting over 40,000 visitors from around the globe. I want to turn now to China, where we continue to make excellent progress with our partners, ATI and LightTekton. ATI is currently demonstrating Apollo to potential customers. We've also been invited to demonstrate Apollo to multiple Chinese automotive OEMs in response to the Apollo launch at the LiDAR show in Suzhou in June. We view China as a leading indicator for the future of LiDAR and its eventual global adoption. The Chinese market is expected to ship one million LiDAR sensors this year. and double that number in 2025, according to recent industry reports. Apollo has caught the attention of investors, which has enabled us to build the financial tools and liquidity to support the multi-year runway that's required by the automotive production pipeline. We believe that AI continues to have the most efficient business model in the industry. and our capital light approach has positioned us well to navigate the evolving LIDAR landscape. Our accomplishments this year are made even more impressive by the fact that we have done it with a remarkably lean team and overall structure. I could not be more proud of our highly talented team and look forward to continuing to work together to reach our goal of seeing AI products transforming the automotive landscape. With that, I will turn the call over to Conor to provide more color on financial performance.