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 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 (NASDAQ: LAZR) stock price is hovering near the lowest level since January as concerns about the company's profitability continues. The shares plunged to a low of $5.51, ~47% below the highest level this year.

LAZR stock price forecast as Luminar sits at a key support

NEW YORK , May 12, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Luminar Technologies, Inc. (NASDAQ: LAZR) resulting from allegations that Luminar may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Luminar securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

LAZR INVESTOR NEWS: ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Luminar Technologies, Inc. Investors to Inquire About Securities Class Action Investigation - LAZR

Luminar Technologies, Inc. (LAZR) came out with a quarterly loss of $0.24 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.16 per share a year ago.

Luminar Technologies, Inc. (LAZR) Reports Q1 Loss, Tops 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 first quarter of 2023. The company is on track to meet or beat all of its company-level execution milestones and financial guidance for the year. “Luminar is firing on all cylinders and successfully proving our ability to execute, industrialize and capitalize on our business. Over the past quarter, leading automakers h.

Luminar Reports Strong First-Quarter 2023 Business Update and Financials

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Earnings Previews: Affirm, Airbnb, Luminar, Occidental Petroleum, Rivian

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The Zacks Consensus Estimate for Luminar's (LAZR) first-quarter earnings and revenues is pegged at a loss of 24 cents and $13.23 million, respectively.

Luminar (LAZR) to Report Q1 Earnings: What's in the Offing?

Luminar Technologies, Inc. (LAZR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Luminar Technologies, Inc. (LAZR) Q1 Earnings Expected to Decline

NEW YORK , April 30, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Luminar Technologies, Inc. (NASDAQ: LAZR) resulting from allegations that Luminar may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Luminar securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

LAZR INVESTOR NEWS: ROSEN, LEADING INVESTOR COUNSEL, Encourages Luminar Technologies, Inc. Investors to Inquire About Securities Class Action Investigation - LAZR

NEW YORK , April 22, 2023 /PRNewswire/ --  WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Luminar Technologies, Inc. (NASDAQ: LAZR) resulting from allegations that Luminar may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Luminar securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Luminar Technologies, Inc. Investors to Inquire About Securities Class Action Investigation - LAZR

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Luminar Technologies (NASDAQ: LAZR ) recently revealed an exciting new partnership. The lidar technology innovator is expanding its global reach into Asia.

Can China Save Luminar (LAZR) Stock?

Luminar: Full Speed Ahead

Luminar, the Nasdaq-listed lidar maker from Florida, is making a push into China as the world's largest auto market races to put automated and autonomous driving vehicles on the road.

US lidar maker Luminar wants to light up China's smart vehicles

Luminar Technologies Inc. LAZR, +3.45% shares received a boost late Monday after the autonomous-driving component maker said it was partnering with a major Apple Inc. AAPL, +0.01% and Tesla Inc. TSLA, +1.10% supplier to expand its manufacturing capacity in Asia to better serve the Chinese market. Adding another 3.3% gain after hours, Luminar shares rose 3.5% to close at $6 for a year-to-date gain of 21.2%, or 59% off their price 12 months ago.

Luminar stock surges on expansion in Asia to serve Chinese market

SHANGHAI--(BUSINESS WIRE)---- $LAZR--Today at the Shanghai Auto Show, Luminar (Nasdaq: LAZR), a leading global automotive technology company, announced a partnership with TPK, a multi-billion dollar supplier to companies like Apple and Tesla, to build and operate an additional high-volume factory driven by rapidly growing demand for Luminar in Asia. This follows Luminar's April 13 announcement regarding the successful bring-up of a new high-volume factory in Mexico.

Luminar Expands in Asia with New Factory; Standardized on New Variant of the Volvo EX90

Yesterday, Luminar Technologies (NASDAQ: LAZR ) announced that it has achieved a key milestone. It's been a difficult start to the year for the lidar tech innovator, but yesterday brought exciting news.

LAZR Stock Alert: Luminar Achieves Key Milestone for 2023

WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Luminar Technologies, Inc. (NASDAQ: LAZR) resulting from allegations that Luminar may have issued materially misleading business information to the investing public.

LAZR LOSS ALERT: ROSEN, NATIONAL TRIAL LAWYERS, Encourages Luminar Technologies, Inc. Investors to Inquire About Securities Class Action Investigation - LAZR

ORLANDO, Fla.--(BUSINESS WIRE)---- $LAZR--Today Luminar (Nasdaq: LAZR), a leading global automotive technology company, announced the successful build-out and bring-up of a new highly automated, high-volume manufacturing facility in Monterrey, Mexico. The first Luminar Iris sensors out of this new dedicated facility are beginning to ship to Luminar's lead global high-volume series production customer in preparation for start of production by end of this year to support vehicle launches.

Luminar Announces New Automated, High Volume Factory Begins Building Sensors

LOS ANGELES--(BUSINESS WIRE)---- $LAZR #LAZR--The Schall Law Firm Announces it is Investigating Claims Against Luminar Technologies, Inc.

INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Luminar Technologies, Inc. and Encourages Investors with Losses to Contact the Firm

INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Luminar Technologies, Inc. and Encourages Investors with Losses to Contact the Firm

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Luminar Technologies, Inc. (NASDAQ: LAZR) resulting from allegations that Luminar may have issued materially misleading business information to the investing public.

LAZR INVESTOR NOTICE: ROSEN, LEADING INVESTOR COUNSEL, Encourages Luminar Technologies, Inc. Investors to Inquire About Securities Class Action Investigation – LAZR

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Luminar Technologies, Inc. has made commercial agreements with the likes of Volvo and Mercedes Benz and is getting ready to start serial production. Its order book has grown significantly to $3.4B and may grow by another $1B in 2023.

News for Luminar Technologies Stock (LAZR)