A Letter from CEO Paul Ricci
Learn More about Luminar
Latest Financial Results
Q1 2025
Quarter Ended Mar 31, 2025
$18.9M
Q1 revenue was $18.9M, -16% QoQ, -10% YoY
$188.2M
Cash, Cash Equivalents, and Marketable Securities, including applicable Lines of Credit and Other Facilities, was $188M as of Mar 31, 2025
For complete information regarding our financials, see our periodic filings
FY'24 Highlights
Luminar’s Major 2024 Milestones
Luminar achieved the following business milestones in 2024.
1. Start of Production
Luminar passed the final Run at Rate production audit and achieved high volume SOP for Volvo Cars. The company continues to meet all key deliverables for its production ramp.
3. Next-Gen Technology
Luminar Halo was unveiled, offering step-function improvements in performance, integration, and cost versus Iris. Luminar demonstrated its capabilities throughout the year and generated its first point cloud from Luminar Halo.
2. Industrialization
TPK commenced production for Luminar of certain sub-assemblies and components to improve sensor economics. Luminar launched an expanded partnership with TPK to reduce industrialization costs and transition to an asset-light model.
4. LiDAR Ecosystem
Luminar Semiconductor acquired EM4 to expand from chips to modules. Luminar launched its in-development Sentinel software solution and shipped evaluation kits to customers.
1. Start of Production
Luminar passed the final Run at Rate production audit and achieved high volume SOP for Volvo Cars. The company continues to meet all key deliverables for its production ramp.
2. Industrialization
TPK commenced production for Luminar of certain sub-assemblies and components to improve sensor economics. Luminar launched an expanded partnership with TPK to reduce industrialization costs and transition to an asset-light model.
3. Next-Gen Technology
Luminar Halo was unveiled, offering step-function improvements in performance, integration, and cost versus Iris. Luminar demonstrated its capabilities throughout the year and generated its first point cloud from Luminar Halo.
4. LiDAR Ecosystem
Luminar Semiconductor acquired EM4 to expand from chips to modules. Luminar launched its in-development Sentinel software solution and shipped evaluation kits to customers.
thesis
Our Investment Thesis
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.
Market Opportunity
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.
Commercial Momentum
Leading Technology
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.
Building for Scale
In 2022, we achieved low volume series production for our Iris LiDAR.
In 2024, we achieved high volume series production at the dedicated manufacturing facility in Mexico to support SOP with Volvo Cars.
We continue to meet all key deliverables for our customer's production ramp, with additional vehicle launches ahead in 2025.
Well Capitalized Financial Position
As of YE’24, we had $233M in pro-forma Cash & Liquidity, including $183M of cash & equivalents, as well as a $50M credit facility executed in early 2024.
Luminar has proven its ability to successfully access the capital markets, having raised over $1.5B since 2020 to fuel our technology, product, and industrialization efforts.
Leaders in Tech & Automotive
We have attracted leaders from across the Technology and Automotive industries, with experience at a range of companies including Apple, NVIDIA, Tesla, Meta, Google, Amazon, Microsoft, GoPro, SpaceX, Lyft, and Tier 1 suppliers, among others.
Partnered with Industry Leaders
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IR Contacts
Corporate Office
Luminar Technologies, Inc.
2603 Discovery Drive
Suite 100
Orlando, FL 32826
United States
Investor Relations
Transfer Agent
Equiniti
6201 15th Avenue
Brooklyn, NY 11219
T: 800-937-5449
help@equiniti.com
https://www.equiniti.com/us/ast-access