Luminar Earnings Reports

Luminar exceeded expectations in Q4 2024 with $22.48 million in revenue, a 45% increase quarter-over-quarter. The company achieved a positive gross profit and continued to ramp production for key automotive partners like Volvo. Significant cost reductions and restructuring initiatives improved operational efficiency, although net losses remained.

Luminar reported its Q3 2024 business update, highlighting new contracts with Volvo Cars and a major Japanese automaker, along with progress in production and technology development.

Luminar announced a restructuring of $422 million in debt, raised $100 million in new capital, and reported Q2 2024 revenue of $16.5 million. The company is revising its FY 2024 revenue guidance due to slower anticipated series production ramp.

Luminar's Q1 2024 revenue was $21.0M, a 45% increase year-over-year but a 5% decrease quarter-over-quarter. The company's gross loss improved quarter-over-quarter due to lower launch-related costs. They ended the quarter with $268.3M in cash and liquidity.

Luminar reported Q3 2023 revenue of $17.0 million, a 33% increase compared to Q3 2022. The company demonstrated improvements in non-GAAP free cash flow and gross margin, and maintained a strong cash position of $321.0 million. They successfully passed the Run at Rate production capacity and quality audit leading up to their first global vehicle launch with Volvo Cars.

Luminar reported a strong second quarter of 2023, exceeding revenue and non-GAAP EPS guidance. The company's revenue increased by 63% compared to the previous year. Luminar is on track to meet or beat all 2023 company milestones and financial guidance.

Luminar reported strong first-quarter 2023 results, exceeding revenue guidance with $14.5 million, a 112% increase year-over-year. The company maintained a strong cash position and is on track to meet or beat its 2023 business milestones and financial guidance. Leading automakers expanded their partnerships with Luminar, and pre-orders for Luminar-equipped vehicles surpassed expectations.

Luminar reported Q4 2022 revenue of $11.1 million and a GAAP net loss of $144.8 million. The company is focusing on achieving key milestones, including bringing a new high-volume manufacturing facility in Mexico online, executing its product and technology roadmap, and growing its order book.

Luminar announced the start of production with SAIC's Rising Auto and reported Q3 2022 financial results, exceeding revenue and earnings expectations. The company's technology is featured in SAIC's RISING AUTO R7 and Polestar 3 vehicles. Luminar is on track to meet or beat its major 2022 milestones and maintains a strong balance sheet.

Luminar reported Q2 2022 revenue of $9.9 million, a 57% increase year-over-year. The company raised its full-year guidance for major commercial program wins and order book growth from 40% to 60%. They are also raising full-year 2022 revenue outlook to $40 million to $45 million, up from $40 million.

Luminar Technologies announced its Q1 2022 financial results, reporting $6.9 million in revenue, a 29% increase year-over-year, and is on track to meet or beat its prior $40 million full-year 2022 revenue guidance. The company also established a partnership with Nissan and acquired Freedom Photonics to advance its chip-level technology roadmap.

Luminar Technologies reported a strong Q4 2021 with revenue up 408% year-over-year, achieving all key milestones for the year and ending with a solid cash position. The company is preparing for series production launch at the end of 2022 and anticipates continued growth in revenue and order book.

Luminar Technologies reported an 89% year-over-year increase in revenue, reaching $8.0 million. The company maintained its full-year 2021 revenue guidance of $30 to $33 million and highlighted new partnerships with NVIDIA, Embark Trucks, and Kodiak Robotics.

Luminar Technologies reported an 84% year-over-year increase in revenue for Q2 2021, reaching $6.3 million. The company is raising its full-year 2021 revenue guidance to $30 to $33 million. Luminar also achieved significant commercial wins, including standardization with Volvo, and is increasing its forward-looking order book growth target.

Luminar Technologies reported a 37% year-over-year increase in revenue to $5.3 million for Q1 2021. The company is on track to meet or beat its 2021 milestones and maintains a strong liquidity position with $610 million in cash and investments.