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Sep 30, 2021
Luminar Q3 2021 Earnings Report
Luminar's Q3 2021 results spotlighted new commercial wins and strategic partners, secured supply chain, and accelerated software development.
Key Takeaways
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.
Debuted Proactive Safety software and secured new vehicle integration partnerships.
Achieved six major commercial wins this year, including NVIDIA and Polestar.
Technology was selected by Embark Trucks, Inc. and Kodiak Robotics, Inc.
Remains on-track for its goal of at least 60% year-over-year growth of its forward-looking order book in 2021.
Luminar
Luminar
Forward Guidance
Luminar is maintaining its full-year 2021 revenue guidance of $30 to $33 million.