Luminar Q3 2022 Earnings Report
Key Takeaways
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 successfully launched its Iris lidar into series production, leveraging manufacturing partners in Mexico and Thailand.
Luminar made strong progress improving and refining critical components of its software stack.
Luminar remains on track to achieve its previously increased goal of 60% YoY growth for major commercial program wins.
Luminar remains on track to achieve its previously increased goal of 60% YoY growth for its forward-looking order book.
Luminar
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Luminar Revenue by Segment
Forward Guidance
Luminar is maintaining its full-year revenue outlook of $40 million to $45 million, which the company raised in August.
Revenue & Expenses
Visualization of income flow from segment revenue to net income