AEye, Inc. (NASDAQ:LIDR) Q4 2022 Earnings Call Transcript

So we’re in the mix.

John Roy: It sounds good. You had mentioned that software is going to be a key point going forward in terms of development. Do you guys feel like you need to staff up a little more, given that you might be putting a lot more effort into the software?

Matt Fisch: So software has always been a critical priority for the company. It’s deeply woven into the product architecture and value proposition. Look, as the automotive industry is advancing more of the software-defined vehicle concept, I think this is going to be a catalyst for pulling in lidar as a solution beyond autonomous driving, if you will. Certainly, I believe that there will be a pull for lidar early on. We’ve got to get the hardware in the vehicle. So the data collection can begin as soon as we start talking about data collection and analysis to feed into autonomous driving even a huge amount of software involved in that. So we’re on it and staffing and investing appropriately.

John Roy: Great, Matt. Thank you so much. And Bob, congratulations, and we’ll talk to you soon.

Matt Fisch: Great. Thanks very much, John. Appreciate it.

Operator: Thank you. I’m showing no further questions at this time. I’d like to turn the call back over to Matt Fisch, CEO, for any closing remarks.

Matt Fisch: I want to thank everybody for joining our call today. In closing, I believe AEye is well positioned with exceptional technology, talent and partners, and I look forward to your vision for the next phase of AEye’s evolution in our May earnings call.

Operator: Thank you. Ladies and gentlemen, this does conclude today’s conference. Thank you all for participating. You may now disconnect. Have a great day.