Investor Relations

Q3 2024 Luminar Financial Results Update

November 11, 2024 - 5:00 pm ET

A Message from Founder & CEO, Austin Russell

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Learn More about Luminar

Latest Financial Results

$16.5M

Q2 Revenue was $16.5M, up 2% YoY

$211.3M

Cash, Cash Equivalents, and Marketable Securities, including applicable Lines of Credit and Other Facilities, was $211.3M as of June 30, 2024

For complete information regarding our financials, see our periodic filings

FY'23 Highlights

Luminar’s Major 2023 Milestones

Luminar achieved most of its established company-level milestones in 2023.

1. Industrialization & Scale

Brought high volume, automated manufacturing facility in Mexico online and met start of production (SOP) requirements for Volvo Cars

3. Business Growth

Increased Forward-Looking Order Book on a net basis by $400M to $3.8B

2. Product & Technology

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

1. Industrialization & Scale

Brought high volume, automated manufacturing facility in Mexico online and met start of production (SOP) requirements for Volvo Cars

2. Product & Technology

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

3. Business Growth

Increased Forward-Looking Order Book on a net basis by $400M to $3.8B

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

$150B+
TAM in 2030


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

High Volume Start of Production Commencing in 2024

Typographic logo for Volvo.
Typographic logo for Polestar

Commercial Wins with Other Major Automakers

Logo for the Mercedes-Benz
Typographic logo for SAIC Motor
Typographic logo for SAIC Motor

Luminar Planned into >25 Vehicle Lines & Commercial Programs, including >20 Consumer Production Vehicles

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.

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Building for Scale

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.

Well Capitalized Financial Position

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.

Leaders in Tech & Automotive

We have attracted leaders from across the Technology and Automotive industries, including Apple, NVIDIA, Tesla, Go Pro, and Tier 1 suppliers, among others.

Austin Russell
Jason Eichenholz
Tom Fennimore
Alan Prescott

Partnered with Industry Leaders

IR Contacts

Corporate Office

Luminar Technologies, Inc.
2603 Discovery Drive
Suite 100
Orlando, FL 32826
United States

Investor Relations

investors@luminartech.com

Transfer Agent

American Stock Transfer & Trust Company, LLC
6201 15th Avenue
Brooklyn, NY 11219
T: 800-937-5449
help@astfinancial.com
https://www.astfinancial.com