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Sep 30, 2024
Luminar Q3 2024 Earnings Report
Luminar announced new business, ramped up production with Volvo Cars, and generated first Luminar Halo point cloud.
Key Takeaways
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.
Secured additional model win with Volvo Cars, featuring Luminar as standard equipment.
Entered new advanced development contract with a major Japanese automaker for next-generation ADAS system.
Continued to ramp series production globally with the Volvo EX90, shipping more product than the past three quarters combined.
Achieved major milestone for Luminar Halo, successfully proving industry-leading long range LiDAR data fidelity.
Forward Guidance
Luminar expects continued improvement in Q4'24 following recent cost-cutting actions.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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