Proof-of-concept programs from revenue-generating customers increased to 25 from 21 since the prior earnings call, while overall engagements rose about 25% quarter over quarter and quote activity increased roughly 40%. Defense Leads Pipeline GrowthDefense remained AEye’s most active vertical, with engagements doubling quarter over quarter, Fisch said. AEye’s partnership with SynTech, an international defense systems company, continued to promote and ship Apollo sensors to customers, expanding the company’s addressable pipeline in global defense markets, Fisch said. Financial Results and Cash OutlookFor the first six months of 2026, AEye generated revenue of $303,000, exceeding its full-year 2025 revenue of $233,000. Fisch said AEye expects continued quarter-over-quarter revenue growth in the second half, though the company did not provide specific revenue guidance.