Luminar Technologies

Luminar Technologies, Inc. is an autonomous vehicle sensor and Lidar technology company, which designs, builds, and sells long-range lidar products that address the requirements of global automotive OEMs and technology companies for autonomous driving. It operates through the following segments: Autonomy Solutions and Other Component Sales. The Autonomy Solutions segment engages in the design, manufacturing and sale of lidar sensors, as well as related perception and autonomy enabling software solutions catering mainly to the original equipment manufacturers in the automobile, commercial vehicle, robo-taxi and adjacent industries. The Other Component Sales segment provides designing, testing, and consulting services for non-standard integrated circuits to U.S. customers, including government agencies and defense contractors generally for purposes unrelated to autonomous vehicles.The company was founded by Austin Russell and Jason Eichenholz in 2012 and is headquartered in Orlando, FL.

Earnings data Q1 2021

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Earnings data Q3 2023

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Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Luminar Technologies reports Q1 revenue growth and strategic partnerships

Luminar Technologies showcased strong performance in Q1 with revenue of $14.5 million and strategic partnerships.
The company faces challenges in achieving profitability targets and reducing start-up costs as production scales.
Opportunities for growth include expanding the order book, scaling revenue per vehicle through software capabilities, and strategic partnerships.
Overall, Luminar's focus on scaling manufacturing, technology advancements, and customer engagements positions it for future success.

Luminar reports strong Q2 revenue growth and strategic partnerships

Luminar Technologies demonstrated robust revenue growth and strategic partnerships in Q2, despite facing gross loss challenges.
The company's focus on continuous product development and leveraging key partnerships positions it well in the evolving market.
Opportunities lie in revenue diversification, customer traction, and strategic partnerships for future growth.
Challenges include profitability timeline, competitive landscape shifts, and cautious approach towards non-hardware sales.

Luminar Technologies excels in Q3, eyes growth through innovation

Luminar Technologies demonstrated strong performance and financial stability, poised for revenue growth in Q4 with a focus on innovation and customer relationships.
The company's strengths lie in strategic partnerships, next-gen technology, and a commitment to high performance and continuous improvement.
Challenges include geopolitical uncertainties, market dynamics, and the need for a smooth transition to new sensor technologies while maintaining profitability.
Opportunities for Luminar include expanding business with key customers, diversifying into new markets, and achieving financial milestones for sustained success.

Luminar transitions to growth stage with strong revenue diversification

Luminar Technologies is poised for growth with a strong focus on production vehicles and revenue diversification efforts.
The company's strategic collaborations, uncompromising product performance, and ecosystem approach position it well in a rationalizing competitive landscape.
Challenges around profitability timelines, market perception, and order book transparency require focused execution and communication strategies.

Luminar Technologies achieves production milestone, eyes significant growth ahead

Luminar Technologies' Q1 performance reflects progress in LiDAR production, cost savings, and margin improvement. Despite challenges in ASPs and production, the company's strengths lie in software development, global scaling, and the Halo product's growth potential. Opportunities for significant growth and differentiation in the autonomous vehicle sector are on the horizon.

Luminar Technologies restructures debt, advances safety tech with key partnerships

Luminar Technologies navigated financial challenges in Q2 2024 through debt restructuring while showcasing progress in key industry partnerships.
Despite facing significant gross losses and negative cash flow, Luminar's focus on safety technology and strong collaborations position them for future growth.
Investor confidence in Luminar's potential, demonstrated through debt restructuring success, highlights opportunities for the company to innovate and expand.

Luminar Technologies excels in Q3 with strategic partnerships and innovation

Luminar Technologies (LAZR) delivered a strong performance in Q3 2024, showcasing technological advancements, strategic partnerships, and improved financial metrics through cost reduction efforts.
The company's focus on innovation, market leadership, and operational efficiency positions it well in the evolving landscape of autonomous driving and LiDAR technology adoption.
While facing challenges in a competitive market and technological advancements, Luminar has opportunities to drive growth through expanding partnerships, product innovation, and capturing market share in the autonomous vehicle segment.

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Luminar Technologies, Inc. is an autonomous vehicle sensor and Lidar technology company, which engages in the design, building, and marketing of long-range lidar products that address the requirements of global automotive OEMs and technology companies for autonomous driving. It operates through the Autonomy Solutions and Advanced Technologies and Services segments. The Autonomy Solutions segment includes the designing, manufacturing, and marketing of lidar sensors catering mainly to the OEMs in the automobile, commercial vehicle, robo-taxi and adjacent industries. The Advanced Technologies and Services segment provides semiconductors and related components, as well as design, test, and consulting services to the Autonomy Solutions segment and to various third-party customers, including government agencies and defense contractors, in markets generally unrelated to autonomous vehicles. The company was founded by Austin Russell and Jason Eichenholz in 2012 and is headquartered in Orlando, FL.

Luminar Technologies, Inc. (NASDAQ:LAZR ) Q2 2024 Earnings Conference Call August 6, 2024 5:00 PM ET Company Participants Aileen Smith - Head of IR Austin Russell - Founder & CEO Tom Fennimore - CFO Conference Call Participants Joshua Buchalter - TD Cowen John Babcock - Bank of America Jesus Gonzalez-Lopez - JPMorgan Richard Shannon - Craig-Hallum Mark Delaney - Goldman Sachs Kevin Garrigan - Westpark Capital Aileen Smith Welcome, everyone, to Luminar's Second Quarter of 2024 Business Update Call. My name is Aileen Smith, and I'm Luminar's Head of Investor Relations.

Luminar Technologies, Inc. (LAZR) Q2 2024 Earnings Call Transcript

Luminar Technologies, Inc. (LAZR) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to loss of $0.21 per share a year ago.

Luminar Technologies, Inc. (LAZR) Reports Q2 Loss, Lags Revenue Estimates

ORLANDO, Fla.--(BUSINESS WIRE)--Today, Luminar (NASDAQ: LAZR), a leading global automotive technology company, provided its quarterly business update and financial results for the second quarter of 2024. Luminar announced today that it has entered into private, separately negotiated transactions to reduce its debt, extend maturities, and receive $100 million in new capital to bolster its balance sheet. This directly addresses the company's capital structure overhang, captures a discount on exis.

Luminar Bolsters Balance Sheet & Reports Second Quarter 2024 Business Update

Luminar Technologies , a maker of lidar sensors for self-driving cars, has purchased the optoelectronic components and laser modules business of Britain's Gooch & Housego (G&H) to expand its semiconductor operation, its CEO said.

Luminar buys G&H's laser module unit to expand chip business- CEO

In the most recent trading session, Luminar Technologies, Inc. (LAZR) closed at $1.69, indicating a +1.2% shift from the previous trading day.

Luminar Technologies, Inc. (LAZR) Exceeds Market Returns: Some Facts to Consider

ORLANDO, Fla.--(BUSINESS WIRE)--Luminar (Nasdaq: LAZR), a leading global automotive technology company, today announced it will provide its quarterly business update for the second quarter of 2024 following the close of the market on Tuesday, August 6, 2024. At 4:00 p.m. EDT (1:00 p.m. PDT) the company will publish materials detailing its quarterly business update and financials, as well as other relevant commentary. At 5:00 p.m. EDT (2:00 p.m. PDT) the company will host a webcast consisting of.

Luminar to Provide Q2'24 Business Update on August 6, 2024

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The autonomous vehicle industry, characterized by its high-tech allure, is currently navigating through turbulent waters. Investors initially flocked to this sector, enchanted by the futuristic vision of self-driving cars and AI-driven efficiency gains.

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SUNNYVALE, Calif.--(BUSINESS WIRE)---- $LAZR--Today Luminar (Nasdaq: LAZR), a leading global automotive technology company, announced it is launching Sentinel1, its full-stack software suite, following five years of breakthrough developments in Software and AI systems. The Sentinel solution enables automakers to accelerate development of advanced safety and autonomous functionality on vehicles, and includes Proactive Safety, Perception, 3D Mapping and Localization, Simulation, and Dynamic LiDAR features.

Luminar Launches Sentinel Software for Automakers

Luminar Technologies (NASDAQ: LZAR) stock price jumped by almost 18% on Wednesday as it went through a short squeeze. It jumped to $1.58, its highest point since June 3rd, giving it a market cap of over $597 million.

Shorts prevail as the Luminar (LAZR) stock price dives

Luminar Technologies, Inc. (LAZR) closed the most recent trading day at $1.41, moving +1.44% from the previous trading session.

Luminar Technologies, Inc. (LAZR) Ascends While Market Falls: Some Facts to Note

NEW YORK , June 20, 2024 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating Luminar Technologies, Inc. (NASDAQ: LAZR) on behalf of the company's shareholders. The investigation seeks to determine whether Luminar Technologies's directors breached their fiduciary duties in connection with recent corporate actions.

SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of Luminar Technologies, Inc. (NASDAQ: LAZR)

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Luminar manufactures lidar sensors that are being used in self-driving vehicle systems. While the company's products are intriguing, the business is quite small, and customer concentration remains a big risk.

Down 75%, Is Now a Good Time to Buy the Dip in Luminar Technologies?

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Western LiDAR companies face challenges in the consumer auto ADAS sector, with delays and significant cash expenditures. Ouster reports highest revenue and gross profit, leading to cash flow consumption reduction.

LIDAR Quarterly Insights Q1 2024 Summary

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Luminar is forecasting exponential revenue growth in the near term.

Huge News for Luminar Stock Investors

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Luminar (NASDAQ: LAZR ) stock is up on Wednesday as investors look to Tesla (NASDAQ: TSLA ) as its savior during its latest earnings report. The lidar company's earnings report for the first quarter of 2024 notes that electric vehicle maker (EV) Tesla is its largest customer.

Can Tesla Save Luminar (LAZR) Stock?

Luminar (NASDAQ: LAZR) stock price has imploded. After soaring to a record high of $47.78 in 2021, it has become a penny stock trading at $1.65.

Luminar stock price forecast as LAZR forms a bullish pattern

Luminar Technologies, Inc. (NASDAQ:LAZR ) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Aileen Smith - Head of IR Austin Russell - Founder and CEO Tom Fenimore - CFO Conference Call Participants Kevin Garrigan - Westpark Capital Joshua Buchalter - TD Cowen Itay Michaeli - Citibank John Babcock - Bank of America Mark Delaney - Goldman Sachs Kevin Cassidy - Rosenblatt Jesus Gonzalez-Lopez - JPMorgan Richard Shannon - Craig-Hallum Aileen Smith Welcome everyone to Luminar's Business Update Call for the First Quarter of 2024. My name is Aileen Smith and I am Luminar's Head of Investor Relations.

Luminar Technologies, Inc. (LAZR) Q1 2024 Earnings Call Transcript

Luminar Technologies , a maker of lidar sensors for self-driving cars, said on Tuesday that Tesla was the largest customer for its sensors in the first quarter, accounting for more than 10% of its total revenue of $21 million during the period.

Luminar says Tesla is biggest customer for its lidar sensors

Luminar Technologies, Inc. (LAZR) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.22. This compares to loss of $0.24 per share a year ago.

Luminar Technologies, Inc. (LAZR) Reports Q1 Loss, Misses Revenue Estimates

Tesla CEO Elon Musk has said that lidar sensors are a “crutch” for autonomous vehicles. But his company has bought so many from Luminar that Tesla is now the lidar-maker's top customer.

Tesla is Luminar's largest lidar customer

ORLANDO, Fla.--(BUSINESS WIRE)--Today, Luminar (NASDAQ: LAZR), a leading global automotive technology company, provided its quarterly business update and financial results for the first quarter of 2024. These results and related commentary were published in a Shareholder Letter that was issued via an 8-K SEC filing and published on its Investor Relations website at https://investors.luminartech.com. At 5:00 p.m. EDT (2:00 p.m. PDT) today, Luminar Founder & CEO Austin Russell and CFO Tom Fen.

News for Luminar Technologies Stock (LAZR)