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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 March 31, 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 LUMINAR TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) | Delaware | | | | 83- ...

Luminar (NASDAQ:LAZR) stock is up on Wednesday as investors look to Tesla (NASDAQ:TSLA) as its savior during its latest earnings report.The lidar company’s earnings report for the first quarter of 2024 notes that electric vehicle maker (EV) Tesla is its largest customer. That resulted in Tesla orders making up more than $2 million, or roughly 10%, of the company’s revenue.While the details of the relationship between Luminar and Tesla haven’t been revealed, the two companies have been working together since ...

Luminar (NASDAQ: LAZR) stock price has imploded. After soaring to a record high of $47.78 in 2021, it has become a penny stock trading at $1.65. Along the way, its market cap has dropped from a record high of over $13.5 billion to $745 million. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Cash burning machineCopy link to sectionLuminar Technologies has been one of the top cash incinerators in the technology industry. That is understandable since th ...

Luminar Technologies, Inc. (NASDAQ:LAZR) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Aileen Smith - Head of IR Austin Russell - Founder and CEO Tom Fenimore - CFO Conference Call Participants Kevin Garrigan - Westpark Capital Joshua Buchalter - TD Cowen Itay Michaeli - Citibank John Babcock - Bank of America Mark Delaney - Goldman Sachs Kevin Cassidy - Rosenblatt Jesus Gonzalez-Lopez - JPMorgan Richard Shannon - Craig-Hallum Aileen Smith Welcome everyone to Luminar's Busines ...

Luminar Technologies, Inc. (LAZR) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.22. This compares to loss of $0.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.64%. A quarter ago, it was expected that this company would post a loss of $0.19 per share when it actually produced a loss of $0.20, delivering a surprise of -5.26%.Over the last four quarters, the company h ...

Tesla CEO Elon Musk has said that lidar sensors are a “crutch” for autonomous vehicles. But his company has bought so many from Luminar that Tesla is now the lidar-maker’s top customer.Tesla accounted for “more than 10%” of Luminar’s revenue in the first quarter of 2024, or a little more than $2 million, the lidar-maker revealed Tuesday in its first-quarter earnings report.Luminar reported that its revenue fell 5% to $20.9 million from the fourth quarter of 2023, which it mostly attributed to “lower sensor ...

It begins with Volvo Cars and the launch of their new flagship vehicle, the EX90, which marks the first of over 25 commercial programs expected to follow. As a result, Luminar is planning to ship five times more LiDARs in the second half of this year than in the prior 10 years combined. @ LUMINAL Q1 2024 Quarterly Business Update Please see Legal Notices at the end of this report for explanation of Forward-Looking Statements and important cautions. A Message from Founder & CEO Austin Russell The last decade ...

The most recent trading session ended with Luminar Technologies, Inc. (LAZR) standing at $1.30, reflecting a -0.76% shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 0.87%. Meanwhile, the Dow experienced a rise of 0.67%, and the technology-dominated Nasdaq saw an increase of 1.11%.The the stock of company has fallen by 23.39% in the past month, lagging the Auto-Tires-Trucks sector's loss of 9.36% and the S&P 500's loss of 3.97%.The investment community will be payi ...