Luminar Technologies, Inc. (LAZR)

Latest News

Luminar Reports Strong Second Quarter 2023 Business Update and Financials

Aug 8, 2023

SpaceX and GoPro Executives Join Luminar

Aug 1, 2023

Luminar To Provide Q2’23 Quarterly Business Update on August 8

Jul 10, 2023

View All News

A Message from Luminar Founder & CEO Austin Russell

May 14, 2023

Read Open Letter

Luminar Statement re: Timing of Volvo EX90 Launch

May 11, 2023

Read Statement

Latest Financial Results

Q2 2023

Quarter Ended Jun 30, 2023

Earnings Release

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Earnings Webcast

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10-Q

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$16.2M

Q2 Revenue was $16.2M, exceeding the mid-point of guidance.

$365.8M

Cash, Cash Equivalents & Marketable Securities were $365.8M as of June 30, 2023.

For complete information regarding our financials, see our periodic filings

FY'22 Highlights

Luminar’s Major 2022 Milestones

Luminar met or exceeded all four of its key 2022 business milestones.

Source: CES Press Release

1. Iris Series Production Readiness:

Luminar achieved this milestone in October of 2022 when Luminar’s Iris lidar successfully entered series production with the launch of SAIC’s Rising Auto R7.

3. Commercial Programs:

Luminar exceeded its target of 60% year-over-year (YoY) growth by securing new major commercial program wins on multiple consumer vehicle models in the fourth quarter.

2. Software:

Luminar achieved a beta milestone for its Sentinel software suite in Q4, which it demonstrated to the public at CES.

4. Forward-Looking Order Book:

The company exceeded its target of 60% YoY forward-looking order book growth.

1. Iris Series Production Readiness:

Luminar achieved this milestone in October of 2022 when Luminar’s Iris lidar successfully entered series production with the launch of SAIC’s Rising Auto R7.

2. Software:

Luminar achieved a beta milestone for its Sentinel software suite in Q4, which it demonstrated to the public at CES.

3. Commercial Programs:

Luminar exceeded its target of 60% year-over-year (YoY) growth by securing new major commercial program wins on multiple consumer vehicle models in the fourth quarter.

4. Forward-Looking Order Book:

The company exceeded its target of 60% YoY forward-looking order book growth.

thesis

Our Investment Thesis

Our vision is to eradicate vehicle accidents and we are poised to make this dream a reality.

Market Opportunity

$150B+
TAM in 2030

We address a massive and growing technology market for next-generation vehicle safety & autonomy

Commercial Momentum

Launching into vehicles starting 2022

Major commercial wins with global automakers

50+ PARTNERS

Well Capitalized Path to Profitability

We have sufficient capital and a sizeable cushion to fuel our path to profitability

Luminar has excellent access to public markets, having raised $1.4 billion since 2020

Leading Technology

Our breakthrough lidar hardware and software was built from the chip-level up to usher in a new era of vehicle safety and autonomy

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Building for Scale

We achieved series production in October 2022, and expect our higher volume production facility in Monterrey, Mexico to enable exponential scale starting 2H’23.