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Side-by-side financial comparison of Aether Holdings, Inc. (ATHR) and AEye, Inc. (LIDR). Click either name above to swap in a different company.

Aether Holdings, Inc. is the larger business by last-quarter revenue ($338.8K vs $188.0K, roughly 1.8× AEye, Inc.). Aether Holdings, Inc. runs the higher net margin — -382.9% vs -9068.1%, a 8685.2% gap on every dollar of revenue. On growth, Aether Holdings, Inc. posted the faster year-over-year revenue change (-0.9% vs -75.5%). Aether Holdings, Inc. produced more free cash flow last quarter ($-2.2M vs $-9.7M).

Aether Industries Limited is an Indian chemical manufacturing company based in Surat, Gujarat. The company specializes in producing advanced intermediates and specialty chemicals for various industries, including pharmaceuticals, agrochemicals, material sciences, and oil and gas.

AEye, Inc. develops and manufactures high-performance adaptive lidar perception systems for multiple commercial sectors. Its core products are deployed in advanced driver assistance systems, autonomous passenger and commercial vehicles, industrial robotics, smart infrastructure, and logistics automation, serving global automotive, technology and industrial clients.

ATHR vs LIDR — Head-to-Head

Bigger by revenue
ATHR
ATHR
1.8× larger
ATHR
$338.8K
$188.0K
LIDR
Growing faster (revenue YoY)
ATHR
ATHR
+74.6% gap
ATHR
-0.9%
-75.5%
LIDR
Higher net margin
ATHR
ATHR
8685.2% more per $
ATHR
-382.9%
-9068.1%
LIDR
More free cash flow
ATHR
ATHR
$7.5M more FCF
ATHR
$-2.2M
$-9.7M
LIDR

Income Statement — Q1 FY2026 vs Q3 FY2023

Metric
ATHR
ATHR
LIDR
LIDR
Revenue
$338.8K
$188.0K
Net Profit
$-1.3M
$-17.0M
Gross Margin
80.4%
-2282.4%
Operating Margin
-382.9%
-9167.6%
Net Margin
-382.9%
-9068.1%
Revenue YoY
-0.9%
-75.5%
Net Profit YoY
-232.5%
27.8%
EPS (diluted)
$-0.11
$-0.09

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ATHR
ATHR
LIDR
LIDR
Q4 25
$338.8K
Q2 25
$342.4K
Q1 25
$341.9K
Q3 23
$188.0K
Q2 23
$571.0K
Q1 23
$636.0K
Q4 22
$1.1M
Q3 22
$767.0K
Net Profit
ATHR
ATHR
LIDR
LIDR
Q4 25
$-1.3M
Q2 25
$-1.0M
Q1 25
$-427.4K
Q3 23
$-17.0M
Q2 23
$-16.0M
Q1 23
$-26.3M
Q4 22
$-23.7M
Q3 22
$-23.6M
Gross Margin
ATHR
ATHR
LIDR
LIDR
Q4 25
80.4%
Q2 25
69.9%
Q1 25
67.9%
Q3 23
-2282.4%
Q2 23
-234.7%
Q1 23
-255.5%
Q4 22
-185.3%
Q3 22
-253.1%
Operating Margin
ATHR
ATHR
LIDR
LIDR
Q4 25
-382.9%
Q2 25
-293.7%
Q1 25
-112.6%
Q3 23
-9167.6%
Q2 23
-2834.7%
Q1 23
-4070.6%
Q4 22
-2195.9%
Q3 22
-3034.4%
Net Margin
ATHR
ATHR
LIDR
LIDR
Q4 25
-382.9%
Q2 25
-293.7%
Q1 25
-125.0%
Q3 23
-9068.1%
Q2 23
-2807.5%
Q1 23
-4129.7%
Q4 22
-2174.2%
Q3 22
-3080.1%
EPS (diluted)
ATHR
ATHR
LIDR
LIDR
Q4 25
$-0.11
Q2 25
$-0.08
Q1 25
$-0.04
Q3 23
$-0.09
Q2 23
$-0.09
Q1 23
$-4.75
Q4 22
$-18.34
Q3 22
$-0.15

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ATHR
ATHR
LIDR
LIDR
Cash + ST InvestmentsLiquidity on hand
$263.3K
$37.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.4M
$53.3M
Total Assets
$4.0M
$80.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATHR
ATHR
LIDR
LIDR
Q4 25
$263.3K
Q2 25
$187.4K
Q1 25
$179.2K
Q3 23
$37.1M
Q2 23
$18.4M
Q1 23
$20.5M
Q4 22
$19.1M
Q3 22
$58.5M
Total Debt
ATHR
ATHR
LIDR
LIDR
Q4 25
Q2 25
Q1 25
Q3 23
Q2 23
Q1 23
Q4 22
$0
Q3 22
$0
Stockholders' Equity
ATHR
ATHR
LIDR
LIDR
Q4 25
$3.4M
Q2 25
$5.9M
Q1 25
$-596.3K
Q3 23
$53.3M
Q2 23
$65.7M
Q1 23
$76.0M
Q4 22
$94.0M
Q3 22
$111.0M
Total Assets
ATHR
ATHR
LIDR
LIDR
Q4 25
$4.0M
Q2 25
$6.5M
Q1 25
$367.8K
Q3 23
$80.9M
Q2 23
$95.9M
Q1 23
$110.1M
Q4 22
$133.3M
Q3 22
$150.7M
Debt / Equity
ATHR
ATHR
LIDR
LIDR
Q4 25
Q2 25
Q1 25
Q3 23
Q2 23
Q1 23
Q4 22
0.00×
Q3 22
0.00×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ATHR
ATHR
LIDR
LIDR
Operating Cash FlowLast quarter
$-1.0M
$-9.1M
Free Cash FlowOCF − Capex
$-2.2M
$-9.7M
FCF MarginFCF / Revenue
-642.5%
-5146.8%
Capex IntensityCapex / Revenue
344.9%
326.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-59.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATHR
ATHR
LIDR
LIDR
Q4 25
$-1.0M
Q2 25
$-2.0M
Q1 25
Q3 23
$-9.1M
Q2 23
$-15.3M
Q1 23
$-17.2M
Q4 22
$-16.1M
Q3 22
$-22.4M
Free Cash Flow
ATHR
ATHR
LIDR
LIDR
Q4 25
$-2.2M
Q2 25
Q1 25
Q3 23
$-9.7M
Q2 23
$-15.5M
Q1 23
$-17.8M
Q4 22
$-16.9M
Q3 22
$-24.1M
FCF Margin
ATHR
ATHR
LIDR
LIDR
Q4 25
-642.5%
Q2 25
Q1 25
Q3 23
-5146.8%
Q2 23
-2707.4%
Q1 23
-2797.8%
Q4 22
-1549.6%
Q3 22
-3136.4%
Capex Intensity
ATHR
ATHR
LIDR
LIDR
Q4 25
344.9%
Q2 25
Q1 25
Q3 23
326.1%
Q2 23
36.6%
Q1 23
94.2%
Q4 22
73.1%
Q3 22
214.2%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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