A Message from Luminar Founder & CEO Austin Russell
May 14, 2023
Luminar Statement re: Timing of Volvo EX90 Launch
May 11, 2023
Latest Financial Results
Q1 2023
Quarter Ended Mar 31, 2023
$14.5M
Q1 Revenue was $14.5M, exceeding the high end of guidance.
$422.3M
Cash, Cash Equivalents & Marketable Securities were $422.3M as of Mar 31, 2023.
Source: Q1 2023 Earning Press Release
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
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.
Leaders in Tech & Automotive
We have attracted leaders from across the tech and automotive industries including Apple, Nvidia, Tesla, PACCAR, and automotive tier 1’s.
Partnered with Industry Giants
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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
American Stock Transfer & Trust Company, LLC
6201 15th Avenue
Brooklyn, NY 11219
T: 800-937-5449
help@astfinancial.com
https://www.astfinancial.com