Profile
Sector:
Consumer CyclicalIndustry:
Auto PartsCountry:
United StatesIPO:
25 March 2019Website:
http://www.luminartech.comNext earnings report:
27 February 2025Last dividends:
N/ANext dividends:
N/APrice
regular market | 2 min agoDividend
Analysts recommendations
Institutional Ownership
LAZR Latest News
Why Luminar Technologies' Shares Are Getting Zapped Today
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 promise future revenue growth, despite current low sales. Luminar's insurance program could offer significant savings, potentially making LiDAR cost-effective for consumers.
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 manufacturers, but demand for its LiDAR technology is still in its infancy. Financially, LAZR has substantial cash reserves but also significant debt, and share dilution remains a concern for future capital needs.
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 Fennimore - CFO Conference Call Participants Winnie Dong - Deutsche Bank John Babcock - Bank of America Jash Patwa - JPMorgan Mark Delaney - Goldman Sachs Kevin Cassidy - Rosenblatt Tristan Gerra - Baird Operator My name is Yarden Amsalem, and I'm Luminar's Senior Manager of Investor Relations, covering for Aileen Smith while she is on maternity leave. With me today are Austin Russell, Luminar's Founder and Chief Executive Officer; and Tom Fennimore, our Chief Financial Officer.
Luminar Technologies, Inc. (LAZR) came out with a quarterly loss of $0.16 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to loss of $0.21 per share a year ago.
In the most recent trading session, Luminar Technologies, Inc. (LAZR) closed at $0.81, indicating a +1.33% shift from the previous trading day.
In the latest trading session, Luminar Technologies, Inc. (LAZR) closed at $0.82, marking a -1.07% move from the previous day.
Luminar Technologies, Inc. (LAZR) concluded the recent trading session at $0.89, signifying a +0.87% move from its prior day's close.
MIAMI, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Luminar Media Group, Inc. (OTCMARKETS: LRGR), a small business revenue-based finance company with a focus on Hispanic and minority-owned businesses, has released its financial results for the 3rd Quarter of 2024. The report highlights substantial growth across key financial and operational metrics, further solidifying Fortun's expanding presence in providing essential capital to underserved markets.
Luminar Technologies, Inc. (LAZR) closed the most recent trading day at $0.91, moving -0.94% from the previous trading session.
What type of business is Luminar Technologies?
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, commercial vehicle, robo-taxi, and adjacent industries. The Advanced Technologies and Services segment develops application-specific integrated circuits, pixel-based sensors, and advanced lasers. This segment also designs, tests, and provides consulting services for non-standard integrated circuits for use in automobile and aeronautics sector, as well as government spending in military and defense activities. The company was founded in 2012 and is headquartered in Orlando, Florida.
What sector is Luminar Technologies in?
Luminar Technologies is in the Consumer Cyclical sector
What industry is Luminar Technologies in?
Luminar Technologies is in the Auto Parts industry
What country is Luminar Technologies from?
Luminar Technologies is headquartered in United States
When did Luminar Technologies go public?
Luminar Technologies initial public offering (IPO) was on 25 March 2019
What is Luminar Technologies website?
https://www.luminartech.com
Is Luminar Technologies in the S&P 500?
No, Luminar Technologies is not included in the S&P 500 index
Is Luminar Technologies in the NASDAQ 100?
No, Luminar Technologies is not included in the NASDAQ 100 index
Is Luminar Technologies in the Dow Jones?
No, Luminar Technologies is not included in the Dow Jones index
When was Luminar Technologies the previous earnings report?
No data
When does Luminar Technologies earnings report?
The next expected earnings date for Luminar Technologies is 27 February 2025