What is AEye Probability of Financial Distress (%)?
Probability of Financial Distress (%) measures the probability that a company will go bankrupt in the upcoming year given its current financial position. A higher ratio indicates a larger probability of bankruptcy for the company, while a lower ratio indicates a healthier fundamental. As of today, AEye's Probability of Financial Distress (%) is 97.72%.
Like the Altman Z-Score, the PFD measures a company's bankruptcy risk. However, the main drawback of the Z-score is it does not apply to banks and insurance companies. According to Investopedia, the concept of "working capital" does not apply to banks and insurance companies, as financial institutions do not have typical current assets or current liabilities like inventories or accounts payable.
Competitive Comparison of AEye's Probability of Financial Distress (%)
For the Software - Infrastructure subindustry, AEye's Probability of Financial Distress (%), along with its competitors' market caps and Probability of Financial Distress (%) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
AEye's Probability of Financial Distress (%) Distribution in the Software Industry
For the Software industry and Technology sector, AEye's Probability of Financial Distress (%) distribution charts can be found below:
* The bar in red indicates where AEye's Probability of Financial Distress (%) falls into.
AEye Probability of Financial Distress (%) Calculation
Probability of Financial Distress (%) (PFD) was developed by John Campbell, Jens Hilscher and Jan Szilagyi in their Search of Distress Risk. It measures the probability that a company will go bankrupt within the next 12 months given its current financial position.
The Probability of Financial Distress (%) was obtained by a logit probability model based on eight explanatory variables. The logit formula to compute the probability of financial distress (LPFD) is given below:
| LPFD | = | -20.12 * NIMTAAVG | + | 1.60 * TLMTA | - | 7.88 * EXRETAVG | + | 1.55 * SIGMA | - | 0.005 * RSIZE | - | 2.27 * CASHMTA | + | 0.070 * MB | - | 0.09 * PRICE | - | 8.87 |
| = | 3.76 |
The Probability of Financial Distress (%) (PFD) was then obtianed by:
| PFD | = | 1 | / | (1 + e^(-LPFD)) | * | 100% |
| = | 97.72% |
The eight explanatory variables are:
1. NIMTAAVG = Net Income to Market Total Assets
*Note that for companies reported quarterly, geometrically declining weighted quarterly Net Income data in latest four quarters are used.
2. TLMTA = Total liabilities to Market Total Assets
3. CASHMTA = Cash to Market Total Assets
For non-financial companies, CASHMTA is measured as:
4. EXRETAVG = Excess Return compared to the S&P 500
EXRETAVG is the weighted excess return compared to the S&P 500 in past 12 month. Geometrically declining weights are imposed on the monthly excess return to reflect lagged information. The weight is halved each quarter.
5. SIGMA = Standard Deviation of Daily Returns
For sigma, we use the annualized standard deviation of a company's returns over the past 92 days (or 63 trading days).
6. RSIZE = Relative Size
| RSIZE | = | log (Market Cap | / | Total Market Cap of S&P 500 companies) |
7. MB = Market to Adjusted Book Equity Ratio
8. PRICE
PRICE is measured as the log of the stock price, capped at log(15).
AEye (LIDR) Business Description
Traded in Other Exchanges
N/A
Address
One Park Place, Suite 200, Dublin, CA, USA, 94568
AEye Inc is a provider of high-performance, active lidar systems for vehicle autonomy, advanced driver-assistance systems (ADAS), and robotic vision applications. The company's software-definable 4Sight Intelligent Sensing Platform combines solid-state active lidar, an optionally fused low-light HD camera, and integrated deterministic artificial intelligence to capture more intelligent information with less data, enabling faster, more accurate, and more reliable perception of the surroundings. All of the Company's sales were made to customers located in the United States, Europe, and Asia.
Executives
| Luis Dussan |
director, 10 percent owner, officer: CTO and Chief Prdct Strategist |
C/O 1 PARK PLACE, SUITE 200, DUBLIN CA 94568 |
| Jonathon B. Husby |
director |
ONE PARK PLACE, SUITE 200, DUBLIN CA 94568 |
| Wen Hsuan Hsieh |
director |
C/O DESKTOP METAL, INC., 63 THIRD AVENUE, BURLINGTON MA 01803 |
| Tierney Conor B |
officer: Treasurer & CFO |
ONE PARK PLACE, SUITE 200, DUBLIN CA 94568 |
| Matthew Fisch |
director, officer: Chief Executive Officer |
21680 HAGGERTY ROAD, NORTHVILLE MI 48167 |
| Tirukkur R Ramachandran |
officer: Chief Operating Officer |
ONE PARK PLACE, SUITE 200, DUBLIN CA 94568 |
| Timothy J Dunn |
director |
C/O AEYE, INC., ONE PARK PLACE, SUITE 200, DUBLIN CA 94568 |
| Andrew S Hughes |
officer: Secretary and General Counsel |
AEYE, INC., C/O 1 PARK PLACE, SUITE 200, DUBLIN CA 94568 |
| Carol Dibattiste |
director |
1155 W FREDERICK SMALL RD, JUPITER FL 33458 |
| Sue Zeifman |
director |
AEYE, INC., ONE PARK PLACE, SUITE 200, DUBLIN CA 94568 |
| Blair Lacorte |
director, officer: Chief Executive Officer |
C/O AEYE TECHNOLOGIES, INC., C/O 1 PARK PLACE, SUITE 200, DUBLIN CA 94568 |
| Robert Anthony Brown |
officer: Treasurer, CFO, Chf Accntg Off |
C/O 1 PARK PLACE, SUITE 200, DUBLIN CA 94568 |
| Thomas Tewell |
officer: Chief Operating Officer |
5521 HELLYER AVENUE, SAN JOSE CA 95138 |
| Karl-thomas Neumann |
director |
C/O AEYE TECHNOLOGIES, INC., 1 PARK PLACE, SUITE 200, DUBLIN CA 94568 |
| Bernd Gottschalk |
director |
C/O AEYE TECHNOLOGIES, INC., C/O 1 PARK PLACE, SUITE 200, DUBLIN CA 64568 |
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