Luminar Technologies, Inc. (LAZR)

NASDAQ: LAZR · Real-Time Price · USD
0.819
-0.020 (-2.41%)
At close: Oct 21, 2024, 4:00 PM
0.821
+0.002 (0.24%)
After-hours: Oct 21, 2024, 7:59 PM EDT
-2.41%
Market Cap 414.68M
Revenue (ttm) 76.49M
Net Income (ttm) -539.06M
Shares Out 506.20M
EPS (ttm) -1.28
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 15,069,045
Open 0.840
Previous Close 0.839
Day's Range 0.801 - 0.843
52-Week Range 0.725 - 3.990
Beta 1.61
Analysts Hold
Price Target 3.28 (+300.39%)
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 8 analysts, the average rating for LAZR stock is "Hold." The 12-month stock price forecast is $3.28, which is an increase of 300.39% from the latest price.

Price Target
$3.28
(300.39% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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...

19 hours 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...

4 weeks 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...

2 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...

2 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...

2 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...

2 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...

2 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...

3 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...

3 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...

4 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...

5 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.

5 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...

5 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
5 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
5 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...

5 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...

5 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.

6 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...

6 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...

6 months ago - Market Watch

Luminar unveils new compact lidar sensor Halo, tie-up with Applied Intuition

Luminar Technologies launched its latest lidar sensor on Tuesday and said it has partnered with auto software maker Applied Intuition to aid automakers in testing their assisted-driving systems.

6 months ago - Reuters

Luminar Day: A New Era – Luminar Achieves Global Start of Production for Volvo Cars

SUNNYVALE, Calif.--(BUSINESS WIRE)---- $LAZR--Luminar Day 2024 Release.

6 months ago - Business Wire

Applied Intuition and Luminar Partner to Accelerate ADAS and AD Development for Automakers

MOUNTAIN VIEW, Calif. & ORLANDO, Fla.--(BUSINESS WIRE)---- $LAZR--Applied Intuition and Luminar.

6 months ago - Business Wire

Luminar to Report Q1'24 Financial Results on May 7, 2024

ORLANDO, Fla.--(BUSINESS WIRE)--Luminar (Nasdaq: LAZR), a leading global automotive technology company, today announced it will report financials for the first quarter of 2024 following the close of t...

6 months ago - Business Wire

Luminar Attracts Former Executives From Lyft, Apple and Meta, Microsoft

ORLANDO, Fla.--(BUSINESS WIRE)---- $LAZR--Luminar (Nasdaq: LAZR), a leading global automotive technology company, today announced two new key executive hires to help guide the company through its next...

6 months ago - Business Wire