Luminar Technologies, Inc. (LAZR)
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]
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 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.
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...
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.
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...
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...
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.
Luminar Day: A New Era – Luminar Achieves Global Start of Production for Volvo Cars
SUNNYVALE, Calif.--(BUSINESS WIRE)---- $LAZR--Luminar Day 2024 Release.
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.
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...
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...