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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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.

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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.

Analyst Mark Delaney downgraded the company to Sell from Hold. His price target is $5 a share, down about 35% from recent levels.

Luminar Stock Drops After Goldman Says Sell. Why Others Don't Agree.

The leading maker of laser sensors for self-driving and semi-automated vehicles said it plans to remove an image that looks identical to lidar chip designed by startup Lidwave.

Lidar Maker Luminar Accused Of Using Image Of Rival's Chip In Investor Conference

Luminar Technologies, Inc. unveiled a lidar-powered ecosystem at Luminar Day, headlined by a forecast for revenue growth in excess of 100% each year for the next five years. Revenues for Luminar are projected to reach ~$1.5 billion by FY27 under that forecast, supported by a multibillion-dollar deal expansion with Mercedes.

Luminar Technologies Wows With >100% Revenue Forecast, But Margins In Focus

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Autonomous driving and AI-powered vehicles are a growing trend in the automotive industry. The technology promises to improve safety, reduce traffic congestion, and allow humans to hand over driving responsibilities to robots.

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ORLANDO, Fla.--(BUSINESS WIRE)--Luminar (NASDAQ: LAZR), a leading global automotive technology company, announced at Luminar Day its quarterly business update and financial results for the fourth quarter and full year of 2022, ended December 31, 2022. The company is also providing insight into its long-term forecast and guidance, which is being webcast live at www.luminartech.com/day.

Luminar Provides Business Update with Q4 and Full-Year 2022 Financials

Shares of Luminar Technologies Inc. LAZR rose nearly 3% in midday trading Tuesday after the lidar company unveiled a slew of initiatives during its investor day, including news it bought in January Seagate Technologies Holdings PLC's STX lidar-related assets, including intellectual property, for an undisclosed amount. Luminar also said its plant in Mexico is ahead of schedule, now expected to come online in the second quarter versus company guidance that it would be up in the second half of the year.

Luminar Technologies stock rallies after deal news, insurance program

The tech startup appears to be the industry standard with contracts to supply its 3D vision technology for 20 vehicle models from five auto brands and truckmaker Daimler. Mass production starts this year at a new Mexican plant.

Luminar Aims To Put Lidar, First Created For AVs, Into Millions Of Regular Cars

ORLANDO, Fla.--(BUSINESS WIRE)---- $LAZR--Today Luminar (NASDAQ: LAZR), a leading global automotive technology company, is hosting Luminar Day at its headquarters and via live webcast at www.luminartech.com/day. The company is announcing a flurry of news, which includes the reveal of its new Iris+ sensor and associated software, which Mercedes-Benz is integrating into its next generation vehicle lineup.

Luminar Day: Unveiling New Tech, Exclusive Partnerships, Roadmap

ORLANDO, Fla.--(BUSINESS WIRE)---- $LAZR--Luminar (Nasdaq: LAZR), a leading global automotive technology company, and Swiss Re, one of the world's leading providers of reinsurance, today announced a new exclusive partnership.

Luminar Partners With Swiss Re; Launches Insurance Program

The Zacks Consensus Estimate for Luminar's (LAZR) Q4 loss per share and revenues is pegged at 22 cents and $12.9 million, respectively.

Luminar (LAZR) Q4 Earnings Preview: High Costs to Mar Margins

Mercedes-Benz Group AG

Luminar Technologies (NASDAQ: LAZR ) stock closed higher by 28% yesterday after announcing a “multi-billion dollar deal” expansion with Mercedes-Benz (OTCMKTS: MBGYY ). The exact amount of the deal was not disclosed.

Insiders Were Buying Up Luminar (LAZR) Stock Ahead of Mercedes Deal

Luminar Tech. continues to expand the order book to limited excitement from the stock market. The Lidar sensor company likely now has an order book of $5-6 billion over the next 5 years.

Luminar Technologies: Another Big Order, Still No Respect

Luminar Technologies (NASDAQ: LAZR ) stock closed in the green today on news of an important partnership. A leader in the light detection and ranging (lidar) space, the company is joining forces with one of the auto industry's most iconic brands: Mercedes-Benz (OTCMKTS: MBGYY ).

Why Is Luminar (LAZR) Stock Up 28% Today?

Mercedes-Benz has agreed to a “multibillion-dollar” deal with Luminar to integrate lidar technology and software into the German automaker's next-generation of vehicles set to go into production by the middle of the decade.

Mercedes adding Luminar lidar to more vehicles in multibillion-dollar deal

Shares of Luminar Technologies Inc. LAZR, +23.59% skyrocketed more than 20% Wednesday after the lidar company said it expanded its deal with Mercedes-Benz for “next-generation” vehicle lines. Shares of Luminar have lost about 49% in the last 12 months, compared with a loss of around 7% for the S&P 500 index SPX, +0.32% in the same period.

Luminar stock rallies more than 20% after Mercedes-Benz deal

Self-driving sensor maker Luminar Technologies Inc announced an expanded partnership with Mercedes-Benz Group on Wednesday to enable fully automated driving for its next-generation vehicles.

Luminar, Mercedes-Benz expand deal for self-driving tech

The lidar units will be part of a significantly upgraded hands-free driving system that Mercedes-Benz plans to roll out across its lineup.

Lidar maker Luminar announces 'multi-billion dollar' expansion of its deal with Mercedes-Benz

The companies have been collaborating on lidar, essentially laser-based radar, for the past couple of years.

Luminar Broadens Deal With Mercedes but Lidar Technology Is Still Growing Slowly

ORLANDO, Fla. & STUTTGART, Germany--(BUSINESS WIRE)---- $LAZR--Luminar (Nasdaq: LAZR), a leading global automotive technology company, announced today a sweeping expansion of its partnership with Mercedes-Benz to safely enable enhanced automated driving capabilities across a broad range of next-generation production vehicle lines as part of the automaker's next-generation lineup.

Luminar and Mercedes-Benz Announce Broad Deal Across Next-Generation Production Vehicle Lines

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Setting aside a legal battle over patent infringement, lidar makers Ouster and Velodyne are now a merged company. They potentially have enough money to scale the critical technology for autonomous trucks and other uses.

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Polestar (NASDAQ: PSNY ) stock is trading 9% higher today after the electric vehicle (EV) company announced that it would further integrate Luminar's (NASDAZ: LAZR ) light detection and ranging (lidar) technology into the Polestar 3 and upcoming Polestar 5. Unlike Tesla (NADSAQ: TSLA ), which chooses not to utilize lidar in its vehicles, Polestar is making the choice to have the technology power future models in a significant manner.

PSNY Stock Alert: Polestar Doubles Down on Lidar With Luminar

GOTHENBURG, Sweden & ORLANDO, Fla.--( BUSINESS WIRE )--Polestar (Nasdaq: PSNY) and Luminar (Nasdaq: LAZR) announced plans to deepen their partnership by expanding the integration of Luminar's technology on the Polestar 5 – the electric 4-door GT expected to launch in 2024 based on the Polestar Precept concept car. This expanded partnership provides a foundation to further collaborate on lidar integration and design on Polestar's future vehicles.

News for Luminar Technologies Stock (LAZR)