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.

PALO ALTO, Calif.--(BUSINESS WIRE)--Luminar Technologies, Inc. (“Luminar” or “the Company”) (Nasdaq: LAZR), the global leader in automotive lidar hardware and software technology, today announced that two industry leaders have joined as executives: Alan Prescott as Chief Legal Officer, and Trey Campbell as Vice President of Investor Relations. Alan Prescott is an automotive and autonomous industry legal expert, engineer, and 20-year veteran from top OEM and technology companies. He will be resp

Tesla and Intel Industry Executives Join Luminar

Luminar Technologies appears to be a leader in next-generation commercial lidar technology as evidenced by its automotive partnerships, according to Bank of America. On Tuesday a team of analysts led by Aileen Smith initiated coverage of the autonomous vehicle technology company with a "neutral" rating and $23 price target, a roughly 40% gain from current levels. Luminar Technologies uses laser sensors, called lidar, that enable autonomous driving . Luminar's stock price soared 110% to over $47 in the first three days following its public debut back in December, but has fallen significantly since then. However, BofA sees upside for Luminar in the next 12 months, especially because of the company's promising partnerships with major auto companies.

Luminar's stock could gain 40% as it racks up partnerships for its autonomous vehicle lidar technology, BofA says (LAZR)

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CrowdStrike, Tesla, Uber, Wingstop and More of Tuesday Afternoon's Analyst Calls

The stock price of Luminar Technologies Inc (NASDAQ: LAZR) fell by 4.14% yesterday. This is why it happened.

LAZR Stock: 4.14% Decrease Explanation

PORTOLA VALLEY, Calif., March 30, 2021 /PRNewswire/ --  Canvas Ventures , the boutique firm for visionary builders, today announced the close of CV3, a $350 million fund to lead early-stage B2B and B2C investments in fintech, digital health, marketplaces, and logistics.

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If you're going to invest in a lidar company, LAZR stock is an obvious choice as the company looks forward to another year of innovation. The post Projected 2021 Milestones Should Take Luminar to the Next Level appeared first on InvestorPlace.

Projected 2021 Milestones Should Take Luminar to the Next Level

LAZR stock absorbed a massive blow, succumbing with the technology sector. But is now the time to secure a big-time discount?

Has Luminar Technologies Stock Reached a Must-Buy Discount Level?

Velodyne Lidar

Lidar, one of the enabling technologies behind autonomous vehicles, has grabbed the attention of Wall Street. Several lidar stocks have gone public recently, including Velodyne stock.

Lidar Stocks Are Mapping The Road Ahead For Self-Driving Cars

Luminar is one of the best long-term plays on the future of autonomous vehicles. Today's prices provide a solid entry point for LAZR stock.

After the Recent Selloff, It's Time to Pounce on Luminar Stock

The stock price of Luminar Technologies Inc (NASDAQ: LAZR) increased by 16.58% on March 19. This is why it happened.

LAZR Stock Price Increased 16.58%: Why It Happened

Thanks to favorable macro- and micro-developments, the downtrend in LAZR stock may be over, and a new uptrend may be forming. The post Luminar's Strong Update Is Exactly What LAZR Stock Needed to Wake Up appeared first on InvestorPlace.

Luminar's Strong Update Is Exactly What LAZR Stock Needed to Wake Up

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The automotive lidar specialist provides preliminary 2020 results and sets goals for 2021.

Why Luminar Stock Skyrocketed Today

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With the trading day about halfway over, the broad markets were sliding into the weekend.

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The U.S. company's lidar technology will be packed into the Chinese carmaker's R Brand electric vehicles.

Luminar Technologies Enters Strategic Partnership With China Vehicle King SAIC Motor

PALO ALTO, Calif.--(BUSINESS WIRE)--Luminar Technologies, Inc. (NASDAQ: LAZR), the global leader in automotive lidar hardware and software technology, is announcing today business updates and a year in review of 2020, including milestone results, preliminary financial results, and 2021 guidance. "Luminar's 2020 achievements reflect our product leadership and market ownership as we continue to execute and fulfill the vision of making safe autonomy a reality. Our successful debut as a public comp

Luminar Provides Business Update, 2021 Milestones and Preliminary 2020 Results

A strong earnings report with positive updates could be the catalyst LAZR stock needs to shoot back to $50. The post Luminar Stock Is Significantly Undervalued Ahead of Its Earnings Report appeared first on InvestorPlace.

Luminar Stock Is Significantly Undervalued Ahead of Its Earnings Report

Luminar on inked a deal with SAIC Motor to supply the largest Chinese automaker with lidar technology for self-driving cars. The post Lidar Developer Luminar To Supply Top Chinese Automaker As Earnings Due appeared first on Investor's Business Daily.

Lidar Developer Luminar To Supply Top Chinese Automaker As Earnings Due

The stock price of Luminar Technologies Inc (NASDAQ: LAZR) has increased by over 10% pre-market. This is why it happened.

LAZR Stock Price Increases Over 10% Pre-Market: Why It Happened

The Nasdaq-listed startup will supply high-tech sensors and software for Chinese auto giant SAIC Motor's new line of electric R vehicles.

Luminar To Supply Laser Lidar Sensors, Software For SAIC Motor's Electric Cars

China's SAIC Motor is partnering with a Silicon Valley lidar specialist, Luminar, to bring self-driving features to its new "R brand" line of vehicles.

Chinese auto giant SAIC Motor plans to use Luminar sensors in high-tech line of vehicles

PALO ALTO, Calif.--(BUSINESS WIRE)--Luminar Technologies, Inc. (“Luminar”) (Nasdaq: LAZR), the global leader in automotive lidar hardware and software technology, today announced a strategic partnership with SAIC Motor Corporation Limited, the largest automaker in China and a Fortune Global 100 company. Luminar is to power the autonomous capabilities and advanced safety features in SAIC's new R brand vehicles for series production with its industry-leading lidar as well as components of its Sen

SAIC Motor Launches R Brand EV Line Powered by Luminar for Series Production

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Wednesday afternoon's and Thursday morning's noteworthy earnings reports were included in our Tuesday preview covering scheduled reports from electric pickup maker Lordstown Motors, cannabis producers Sundial Growers and Hexo, and discount retailer Dollar General.

Earnings Previews: FedEx, Luminar, Nike, Celsion

The Zacks proprietary model does not predict Q4 earnings beat for Luminar (LAZR), which made its NASDAQ debut in December 2020, as the firm has an Earnings ESP of 0.00% and a Zacks Rank of 3.

News for Luminar Technologies Stock (LAZR)