LIDR — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-14

• developing, commercializing, and scaling our products and technology, including meeting performance, reliability, and cost objectives;

• maintaining and protecting our intellectual property, including patents, trade secrets, and proprietary software;

• • navigating changes in international trade policies, including the imposition or modification of tariffs, increasing trade tensions, and the introduction of new trade restrictions

• complying with existing and new laws and regulations applicable to our operations, products, and markets;

• maintaining and enhancing our reputation and brand in competitive and emerging markets;

Text removed vs the prior filing · source: 10-Q · 2025-11-07

• the possibility of not being able to successfully develop or commercialize our products;

• • changing international trade policies, including the imposition or modification of tariffs, increasing trade tensions, and the implementation of potential trade restrictions;

• comply with existing and new or modified laws and regulations applicable to our business;

• hire, integrate, and retain talented people at all levels of our organization; and

• successfully develop new solutions to enhance the experience of, and deliver value to, our customers.

Text added vs the prior filing · source: 10-Q · 2026-05-14

• In the recent past, we have been subject to the “baby shelf” rules and we may become subject to such rules again. In the event we again become subject to the “baby shelf” rules, it would limit our ability to raise additional capital to one-third of our public float in any twelve-month period.

• In January 2026 we introduced STRATOS™, which was specifically designed to address markets requiring the ability to detect objects at distances of up to 1.5 kilometers, such as in aviation, defense, and rail. For STRATOS™ to be successful, it will require market adoption in industries that can benef…

• In addition, we are observing increased customer demand for fully integrated, end-to-end solutions rather than discrete components. While we believe our OPTIS™ platform is designed to address this demand, the process of integrating third-party perception, analytics, and other software with our hardw…

• Our investments in artificial intelligence may not yield the benefits we expect, and we may be at a disadvantage relative to competitors with greater resources to invest in artificial intelligence.

• We are making, and expect to continue to make, investments in artificial intelligence to drive operational efficiency, improve the performance of our lidar and software solutions, and enhance our research and development productivity. The artificial intelligence landscape is evolving rapidly, and th…

Text removed vs the prior filing · source: 10-Q · 2025-11-07

• Additionally, under current SEC regulations, if our public float is less than $75 million at the time we file our Annual Report on Form 10-K, and for so long as our public float remains less than $75 million thereafter, the amount we can raise through primary public offerings of securities in any tw…

• The New Circle Purchase Agreement contains contractual limitations that may not allow us to draw all of the $50 million committed under the Purchase Agreement and to the extent we do draw under the Purchase Agreement, existing stockholders will be diluted.

• On July 25, 2024, we entered into the Purchase Agreement with New Circle Principal Investments LLC, or New Circle, pursuant to which New Circle committed to purchase, subject to certain limitations, up to $50 million of our Common Stock should we elect to sell our common stock to them. Should we dec…