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Mar 31, 2021
Luminar Q1 2021 Earnings Report
Reported strong revenue growth and efficient cash management.
Key Takeaways
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.
Revenue for the first quarter was $5.3 million, a 37% year-over-year increase.
GAAP net loss for the first quarter of 2021 was $(75.9) million, or $(0.23) per share.
Non-GAAP net loss for the first quarter of 2021 was $(27.0) million, or $(0.08) per share.
Cash and investments were $610.3 million as of March 31, 2021.
Forward Guidance
Luminar remains on track to achieve its full-year 2021 guidance for revenue of $25 to $30 million and net cash spend of approximately $140 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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