Company Overview - Luminar Technologies (NASDAQ: LAZR) is a company specializing in LiDAR technology, which is crucial for enabling autonomous and assisted-driving vehicles [1] Industry Focus - LiDAR technology is an essential component for the development of autonomous and assisted-driving cars [1] Research Principles - Grassroots Trading emphasizes providing objective, unbiased, and balanced research supported by solid data, free from emotional influences or company preferences [2] - The focus is on small- to mid-cap companies, offering unique investment opportunities often overlooked by investors [2] - Periodically, potential opportunities in large- and mega-cap companies are identified to provide comprehensive coverage of the equity markets [2]

Core Insights - Luminar Technologies expresses disappointment regarding the driverless technology market, which is not as strong as anticipated [1] Company Summary - Luminar Technologies' stock price was noted at 17.69% as of January 4, 2025, indicating a specific market valuation at that time [1] Industry Summary - The overall market for driverless technology is underperforming compared to previous expectations, suggesting potential challenges for companies operating in this sector [1]

Group 1: Company Overview - Luminar Technologies, Inc. (LAZR) shares increased by 27.3% to $8.48 in the last trading session, following a period of 14.7% loss over the past four weeks [1][2] - The surge in Luminar's stock price is attributed to optimism in the semiconductor sector and speculation regarding NVIDIA's potential updates about its collaboration with Luminar during the CES conference [2] Group 2: Financial Performance Expectations - Luminar is expected to report a quarterly loss of $2.20 per share, reflecting a year-over-year change of +26.7%, with revenues projected at $16.76 million, down 24.2% from the previous year [2] - The consensus EPS estimate for Luminar has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] Group 3: Industry Context - Luminar Technologies is part of the Zacks Automotive - Original Equipment industry, where Visteon (VC) closed 0.7% higher at $87.82 but has returned -6.4% over the past month [4] - Visteon's consensus EPS estimate for the upcoming report is $1.79, representing a significant year-over-year change of -86.2%, and it currently holds a Zacks Rank of 4 (Sell) [5]

Market Performance - Luminar stock surged 20 7% in Monday's trading, significantly outperforming the S&P 500 index's 0 9% gain and the Nasdaq Composite index's 1 4% rise [1] - The stock's recent gains are attributed to bullish momentum in the semiconductor industry and investor anticipation of Nvidia's potential partnership updates at the CES conference [2][4] Industry and Partnership Dynamics - Nvidia's stock is climbing due to strong demand for AI-related products, as highlighted by Foxconn's record Q4 revenue, which benefits the broader semiconductor sector and Luminar [3] - Investors are eagerly awaiting Nvidia CEO Jensen Huang's CES keynote, where updates on Nvidia's auto-tech initiatives, including its partnership with Luminar, could be announced [4] Company-Specific Factors - Luminar's stock has been highly volatile, with a 84% decline over the past year despite today's gains [5] - The company reported an 8 6% year-over-year revenue decline to $15 5 million in Q3, reflecting underwhelming recent performance [6] - Luminar's partnership with Nvidia has seen limited updates over the past year, but any positive developments could lead to significant stock upside [6]

Company Overview - Luminar Technologies develops high-resolution, long-range lidar systems for semi-autonomous and autonomous vehicles, manufacturing most of its own components instead of using off-the-shelf parts [16] - The company emerged from stealth mode in 2017 and partnered with Volvo and Volkswagen's Audi in 2018, expanding to 50 partnerships by 2020, including 12 of the world's top 15 automakers [6] - Luminar went public via a SPAC merger four years ago, with shares opening at $354.75 on the first day and reaching a record high of $627 five days later, but now trading at around $6 [15] Financial Performance - Revenue grew from $14 million in 2020 to $70 million in 2023, falling short of the pre-merger projection of $124 million for 2023 [8] - In 2022, revenue grew 28% as production of the Iris lidar ramped up, and in 2023, revenue rose 71% despite delays in Volvo's EX90 launch [12] - Analysts expect revenue growth of less than 1% in 2024, followed by 61% growth in 2025 and 90% growth in 2026 as lidar shipments increase and partnerships deepen [3] - The company reported a negative EBITDA of $292 million in 2024, with analysts expecting continued losses through 2026 [7] Market Position and Competition - Luminar's Iris lidar uses a 1,550 nanometer wavelength, enabling longer range and higher resolution detection compared to competitors [2] - The company holds an early mover advantage in the lidar market but faces stiff competition from Cepton, Aeva, and Velodyne Lidar, which could pressure gross margins [4] - Despite macro headwinds like inflation and rising rates, Luminar has maintained steady growth, supported by strong partnerships with Volvo and other automakers [17] Valuation and Insider Sentiment - Luminar has an enterprise value of $763 million, trading at 7 times next year's sales, which is not considered expensive [18] - Insiders have been net buyers of the stock over the past 12 months, indicating positive sentiment about the company's future [18] - The company ended its latest quarter with $199 million in cash and equivalents but carries $661 million in total liabilities [19] Growth Prospects - Declining interest rates and a warmer macro environment are expected to boost the autonomous vehicle market, benefiting Luminar [3] - The company's forward-looking order book grew by more than 60% in 2022, and its partnerships with major automakers provide a strong foundation for future growth [12][17] - However, Luminar has yet to prove the sustainability of its business model, and failure to scale up and reduce losses could lead to further stock price declines [14]

I have written about Luminar (NASDAQ: LAZR ) in the past few weeks, and it hasn’t exactly worked out. The company’s stock has taken a beating since my last few articles, going so far as doing a reverse stock split. But despite theNine to 5 by day. Hobbyist stock trader by night. I got an MBA and a CFA ... so that should count for something. I only care about my own greedy interests and I love feeding trolls. Not your financial advisor. Information for entertainment purposes only. Diamond hands are forever.A ...

Shares of lidar maker Luminar Technologies (LAZR -9.84%) were trading sharply lower on Thursday, after the company executed a reverse stock split to avoid being delisted from the Nasdaq Stock Market. As of 11 a.m. ET, adjusted for the split, Luminar's shares were down about 10% from Wednesday's closing price. Why companies perform reverse stock splits The Nasdaq stock exchange requires listed companies to maintain a share price of at least $1 per share. If a company's stock price slips below $1 for a period ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38791 | --- | --- | --- | |----------------------------------------------------------------|-------------- ...

Over the last couple of years, one of the worst-performing stocks in the market has been automotive technology company Luminar Technologies, Inc. (NASDAQ: LAZR ). The LIDAR firm has seen its shares drop nearly 98% from its I am a market enthusiast and part-time trader. I started writing for Seeking Alpha in 2011, and it has been a tremendous opportunity and learning experience. I have been interested in the markets since elementary school, and hope to pursue a career in the investment management industry. I ...

Mark leads the investing group Out Fox The Street where he shares stock picks and deep research to help readers uncover potential multibaggers while managing portfolio risk via diversification. Features include various model portfolios, stock picks with identifiable catalysts, daily updates, real-time alerts, and access to community chat and direct chat with Mark for questions. Learn more Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but m ...