Quarter Ended Sep 30, 2024
$15.5M
Q3 revenue was $15.5M, down 9% YoY
$211.3M
Cash, Cash Equivalents, and Marketable Securities, including applicable Lines of Credit and Other Facilities, was $249M as of Sept 30, 2024
For complete information regarding our financials, see our periodic filings
Quarter Ended Sep 30, 2024
$15.5M
Q3 revenue was $15.5M, down 9% YoY
$211.3M
Cash, Cash Equivalents, and Marketable Securities, including applicable Lines of Credit and Other Facilities, was $249M as of Sept 30, 2024
For complete information regarding our financials, see our periodic filings
Luminar achieved most of its established company-level milestones in 2023.
Brought high volume, automated manufacturing facility in Mexico online and met start of production (SOP) requirements for Volvo Cars
Increased Forward-Looking Order Book on a net basis by $400M to $3.8B
Entered Iris+ C-phase via commencement of tooling at contract manufacturing partner; Completed software requirements for Volvo and Mercedes programs; Developed next-generation LiDAR prototype
Brought high volume, automated manufacturing facility in Mexico online and met start of production (SOP) requirements for Volvo Cars
Entered Iris+ C-phase via commencement of tooling at contract manufacturing partner; Completed software requirements for Volvo and Mercedes programs; Developed next-generation LiDAR prototype
Increased Forward-Looking Order Book on a net basis by $400M to $3.8B
Our vision is to democratize vehicle safety and eradicate vehicle accidents through enhancing, not replacing, the driver. We are poised to make this vision a reality.
We address a massive and growing technology market for next-generation vehicle safety (SAE Level 2+) and autonomy (Level 3+).
We serve a variety of end markets, including Consumer Vehicles, Trucking, Robotaxi, and Adjacent Markets.
High Volume Start of Production Commencing in 2024
Commercial Wins with Other Major Automakers
Luminar Planned into >25 Vehicle Lines & Commercial Programs, including >20 Consumer Production Vehicles
Our breakthrough LiDAR has been designed to usher in a new era of vehicle safety and autonomy. Our LiDAR is the first to be integrated and standardized on a global production vehicle.
Luminar’s technology has been built from the chip-level up and enables automakers to achieve advanced safety and autonomous capabilities on vehicles at low and high speeds, day and night, that today’s camera/RADAR-based systems alone cannot.
We achieved low volume series production for our Iris LiDAR in 2022 with SAIC’s Rising Auto.
We expect to achieve high volume start of production (SOP) at the dedicated manufacturing facility in Mexico in 2024, which will support the planned launch of the Volvo EX90.
Our exponential scale thereafter will be supported by a partnership with TPK to build and operate an additional high volume factory in Asia.
As of YE’23, we had $340M in pro-forma Cash & Liquidity, including a $50M credit facility executed in early 2024, making us one of the best capitalized LiDAR companies.
Luminar has excellent access to the capital markets, having raised $1.4B since 2020 to fuel our technology, product, and industrialization efforts.
We have attracted leaders from across the Technology and Automotive industries, including Apple, NVIDIA, Tesla, Go Pro, and Tier 1 suppliers, among others.
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Luminar Technologies, Inc.
2603 Discovery Drive
Suite 100
Orlando, FL 32826
United States
American Stock Transfer & Trust Company, LLC
6201 15th Avenue
Brooklyn, NY 11219
T: 800-937-5449
help@astfinancial.com
https://www.astfinancial.com
