Luminar Technologies, Inc. (LAZR)

NASDAQ: LAZR · Real-Time Price · USD
0.759
-0.041 (-5.09%)
At close: Nov 20, 2024, 4:00 PM
0.770
+0.011 (1.38%)
After-hours: Nov 20, 2024, 7:40 PM EST
-5.09%
Market Cap 25.29M
Revenue (ttm) 75.03M
Net Income (ttm) -377.32M
Shares Out 33.30M
EPS (ttm) -1.18
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 103,034,237
Open 0.800
Previous Close 0.800
Day's Range 0.751 - 0.802
52-Week Range 0.725 - 3.690
Beta 1.62
Analysts Hold
Price Target 2.97 (+291.1%)
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]

Industry Auto Parts
Founded 2012
Employees 800
Stock Exchange NASDAQ
Ticker Symbol LAZR
Full Company Profile

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 Statements

Analyst Forecast

According to 9 analysts, the average rating for LAZR stock is "Hold." The 12-month stock price forecast is $2.97, which is an increase of 291.10% from the latest price.

Price Target
$2.97
(291.10% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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 $...

7 days ago - Seeking Alpha

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...

7 days ago - Seeking Alpha

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...

8 days ago - Seeking Alpha

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 ...

9 days ago - Seeking Alpha

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...

9 days ago - Business Wire

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...

4 weeks ago - Business Wire

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...

2 months ago - Reuters

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...

3 months ago - Seeking Alpha

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...

3 months ago - Seeking Alpha

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...

3 months ago - Seeking Alpha

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...

3 months ago - Business Wire

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...

4 months ago - Reuters

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...

4 months ago - Business Wire

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...

5 months ago - Business Wire

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...

5 months ago - Invezz

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...

6 months ago - Seeking Alpha

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.

7 months ago - Invezz

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...

7 months ago - Seeking Alpha

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...

Other symbols: TSLA
7 months ago - Reuters

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.

Other symbols: TSLA
7 months ago - TechCrunch

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...

7 months ago - Business Wire

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...

7 months ago - Seeking Alpha

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.

7 months ago - Reuters

Luminar cuts 20% of staff and outsources lidar production

Lidar company Luminar is slashing its workforce by 20% and will lean harder on its contract manufacturing partner as part of a restructuring that will shift the company to a more “asset-light” busines...

7 months ago - TechCrunch

Luminar's stock falls as lidar maker plans to lay off 20% of workforce as part of restructuring plan

Shares of Luminar Technologies Inc. dropped more than 9% in extended trading Friday after the maker of lidar and other sensors for self-driving vehicles said it was cutting its workforce by 20% as par...

7 months ago - Market Watch