Luminar Technologies, Inc. (LAZR)
Market Cap | 176.47M |
Revenue (ttm) | 75.03M |
Net Income (ttm) | -377.32M |
Shares Out | 33.30M |
EPS (ttm) | -17.74 |
PE Ratio | n/a |
Forward PE | n/a |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 2,513,230 |
Open | 5.33 |
Previous Close | 5.49 |
Day's Range | 5.22 - 5.55 |
52-Week Range | 5.22 - 55.35 |
Beta | 1.53 |
Analysts | Hold |
Price Target | 44.50 (+739.62%) |
Earnings Date | Nov 11, 2024 |
About LAZR
Luminar Technologies, Inc., an automotive technology company, provides sensor technologies and software for passenger cars and commercial trucks in North America, the Asia Pacific, Europe, and the Middle East. It operates in two segments, Autonomy Solutions and Advanced Technologies and Services. The Autonomy Solutions segment designs, manufactures, and sells laser imaging, detection, and ranging sensors or lidars, as well as related perception and autonomy software solutions primarily for original equipment manufacturers in the automobile, com... [Read more]
Financial Performance
In 2023, Luminar Technologies's revenue was $69.78 million, an increase of 71.46% compared to the previous year's $40.70 million. Losses were -$571.27 million, 28.1% more than in 2022.
Financial StatementsAnalyst Forecast
According to 9 analysts, the average rating for LAZR stock is "Hold." The 12-month stock price forecast is $44.5, which is an increase of 739.62% from the latest price.
News
Luminar Bolsters Ranks with Tech Industry Leaders
ORLANDO, Fla.--(BUSINESS WIRE)--Today, Luminar (NASDAQ: LAZR), a leading global automotive technology company, announced certain key executive updates that include Alex Fishkin joining as Chief Legal ...
Luminar: Navigating Around The Difficult Near Term Headwinds
Luminar's Q3 2024 results were mixed, with an 8.6% revenue decline. This drop is attributed to a re-negotiated non-automotive contract, not affecting future growth reliant on LiDAR system adoption. Se...
Luminar: Sell Before Reverse Split
Luminar Technologies' stock has fallen nearly 98% from its 2020 peak due to missed revenue targets, large losses, and significant cash burn. Q3 revenues were $15.5 million, missing estimates by over $...
Luminar: Progress, But The Market Wants More
Luminar Technologies, Inc. is making progress with new deals, but financials remain weak, requiring patience for long-term gains. Volvo's EX90 production ramp and a second model with Iris LiDAR promis...
Luminar Technologies Q3: Progressing Slowly, But I Am Cautiously Optimistic
Luminar Technologies, Inc.'s Q3 results were mixed, with product revenue growth but a significant decline in services revenue, leading to a hold rating. Luminar has strong partnerships with top auto m...
Luminar Technologies, Inc. (LAZR) Q3 2024 Earnings Call Transcript
Luminar Technologies, Inc. (NASDAQ:LAZR) Q3 2024 Earnings Call Transcript November 11, 2024 5:00 PM ET Company Participants Yarden Amsalem - Senior Manager of IR Austin Russell - Founder and CEO Tom ...
Luminar Expands Business with Two Global Automakers and Reports Third Quarter 2024 Business Update
ORLANDO, Fla.--(BUSINESS WIRE)--Today, Luminar (NASDAQ: LAZR), a leading global automotive technology company, provided its quarterly business update and financial results for the third quarter of 202...
Luminar to Provide Q3'24 Business Update November 11th; Reminder for Stockholders Meeting October 30th
ORLANDO, Fla.--(BUSINESS WIRE)--Luminar (Nasdaq: LAZR), a leading global automotive technology company, today announced it will provide its quarterly business update for the third quarter of 2024 foll...
Luminar Technologies reduces workforce by 30% this year
Luminar Technologies , a maker of lidar sensors for self-driving cars, said on Monday it has cut about 30% of its workforce since the beginning of 2024, from the previously announced 20%, as part of a...
Luminar: Darkest Before The Dawn
Luminar Technologies, Inc. continues to face delays in revenue growth due to production issues with Volvo, falling short of quarterly revenue targets. Despite struggles, the Luminar Semiconductor unit...
Luminar Delays Growth Plan Again
Luminar Technologies' Q2 results showed a 22% sequential revenue decline, along with more large losses and cash burn. The company's share count continues to surge due to a variety of items, and the ba...
Luminar Technologies, Inc. (LAZR) Q2 2024 Earnings Call Transcript
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 C...
Luminar Bolsters Balance Sheet & Reports Second Quarter 2024 Business Update
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 20...
Luminar buys G&H's laser module unit to expand chip business- CEO
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 semicondu...
Luminar to Provide Q2'24 Business Update on August 6, 2024
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 fol...
Luminar Launches Sentinel Software for Automakers
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, followin...
Shorts prevail as the Luminar (LAZR) stock price dives
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 ov...
LIDAR Quarterly Insights Q1 2024 Summary
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 consumpti...
Luminar stock price forecast as LAZR forms a bullish pattern
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 Technologies, Inc. (LAZR) Q1 2024 Earnings Call Transcript
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 Con...
Luminar says Tesla is biggest customer for its lidar sensors
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 tot...
Tesla is Luminar's largest lidar customer
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.
Luminar Reports First Quarter 2024 Business Update and Financials
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 202...
Luminar Technologies: Could Be Starting Its Growth Trajectory
Luminar Technologies' stock has crashed and is trading at a fraction of its 2020 price. The company has a significant long-term debt burden that may pose challenges in the future, hence the new "asset...
Luminar to cut nearly 20% jobs as part of restructuring
Luminar Technologies , a maker of lidar sensors for self-driving cars, said on Friday that it would cut its workforce by about 20%, as part of a restructuring plan for the current year.