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 June 30, 2023 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 | | | | 83-1 ...

Luminar Technologies, Inc. (NASDAQ:LAZR) Deutsche Bank Global Auto Industry Conference June 14, 2023 12:50 PM ET Company Participants Tom Fennimore - CFO Conference Call Participants Winnie Dong - Deutsche Bank Winnie Dong All right. Good afternoon, everyone. Thanks for joining us for the session with Luminar, as part of Deutsche Bank’s Global Auto Conference. My name is Winnie Dong, and I work in the U.S. Auto and Technology Research team here at DB. Luminar is a LiDAR technology company founded in 2012. I ...

Luminar Technologies, Inc. (NASDAQ:LAZR) Evercore ISI Autotech & AI Forum Conference Call May 24, 2023 3:00 PM ET Company Participants Tom Fennimore - Chief Financial Officer Aileen Smith - Head of Investor Relations Conference Call Participants Chris McNally - Evercore ISI Doug Dutton - Evercore ISI Chris McNally Hello, everyone again, and thank you for joining this next session of our Autotech & AI Conference. Today with us we have the pleasure of having the CFO of Luminar, Tom Fennimore joined by the new ...

Luminar Technologies, Inc. (NASDAQ:LAZR) 51st Annual J.P. Morgan Global Technology, Media and Communications Conference Call May 22, 2023 3:50 PM ET Company Participants Tom Fennimore - Chief Financial Officer Conference Call Participants Samik Chatterjee - JPMorgan Chase & Co. Samik Chatterjee Good afternoon. I'm Samik Chatterjee, I cover the hardware companies at JPMorgan, and we have the pleasure of hosting Luminar here for the next session. With us is Tom Fennimore, who is the CFO of the company. Tom, t ...

The financial information and data contained in this presentation is unaudited and does not conform to regulation S-X promulgated under the securities act of 1933, as amended. Accordingly, such information and data may not be included in, may be adjusted in or may be presented differently in, any filing Luminar makes with the SEC. In addition to disclosing financial measures prepared in accordance with U.S. generally accepted accounting principles (GAAP), this presentation contains certain non-GAAP financia ...

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, 2023 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- ...

Technology and Product Development - Luminar's lidar technology is designed to meet performance, safety, reliability, and cost requirements for next-generation safety and autonomous capabilities in vehicles[17]. - Luminar is developing a turn-key ADAS system called Proactive Safety, which includes features like Automatic Emergency Braking and Adaptive Cruise Control aimed at accident avoidance[25]. - Luminar's Iris lidar sensor can detect objects up to 600 meters away, providing high point densities for long-range detection and classification[32]. - The company’s perception software aims to transform lidar point-cloud data into actionable information, enhancing vehicle localization and high-definition mapping capabilities[34]. - The company is developing perception and decision-making software products, including Proactive Safety™ and highway autonomy features, which have not yet achieved technological feasibility[136]. - The company has been focused on developing lidar products for autonomous driving systems and driver assistance systems since 2012, facing challenges in expanding software development and production capabilities[67]. Market Opportunities and Trends - The company anticipates approximately 100 million new passenger and commercial vehicles will be manufactured annually this decade, indicating a substantial market opportunity for its products[27]. - The global automotive fatalities exceed one million annually, with social costs of accidents exceeding $500 billion in the U.S. alone, highlighting the need for improved ADAS technologies[25]. - The company expects significant adoption of ADAS functionalities in new vehicles by 2026, driven by safety rating programs and consumer demand[24]. - The commercial trucking market is experiencing increased interest in autonomy, driven by lower operating costs and higher vehicle utilization[28]. - The robo-taxi market remains important for lidar technology, despite delays in widespread deployment due to technical complexities and regulatory needs[29]. - The company is focused on expanding into adjacent markets such as last-mile delivery, aerospace, and defense, leveraging its technology[31]. Financial Performance and Projections - The company incurred net losses of $445.9 million, $238.0 million, and $362.3 million for the years ended December 31, 2022, 2021, and 2020, respectively, and expects to continue incurring significant losses until at least late 2023[63]. - The company has not achieved profitability over the near term and anticipates that revenue growth may be adversely affected by various factors, including customer demand and competition[71]. - The development cycle for automotive products can take as long as seven years, impacting the timeline for revenue realization from major commercial wins[77]. - The company anticipates fluctuations in quarterly results due to project-based sales primarily for R&D, which could impact stock price volatility[102]. - The company has made significant investments in R&D, sales and marketing, and manufacturing processes to support growth initiatives[73]. Supply Chain and Manufacturing Challenges - The company faces supply chain challenges due to extended component lead times and bottlenecks, which may persist through 2023[44]. - The company relies on third-party suppliers for key components, which exposes it to risks of supply shortages and long lead times, potentially disrupting the supply chain and delaying product deliveries[100]. - The transition to an outsourced manufacturing model may not be successful, potentially harming the company's ability to deliver products and recognize revenue[103]. - The complexity of production machinery poses risks, including unexpected malfunctions that could adversely affect operational efficiency and costs[111]. - The company has established manufacturing partnerships with Celestica and Fabrinet to enhance production capabilities[45]. Competition and Market Risks - The competitive landscape for lidar-enabled vehicle features is emerging, with the company believing it holds a strong position based on hardware performance and integrated software capabilities[36]. - Market adoption of lidar technology remains uncertain, with significant competition from alternative technologies such as cameras and radar, which may adversely affect demand for lidar products[94]. - The company faces significant competition in the lidar market, with competitors having greater resources and established technologies[131]. - The company faces risks related to the discontinuation or lack of commercial success of vehicle models that incorporate its technology, which could adversely affect sales and profitability[84]. Regulatory and Compliance Issues - The company anticipates that the regulatory environment for automotive autonomy will evolve positively, facilitating the deployment of its lidar technology[54]. - Compliance with international regulations and standards, such as the General Data Protection Regulation, may increase operational costs and complexity[109]. - The company is subject to various governmental export and import control laws, and failure to comply could result in substantial penalties and loss of sales opportunities[155]. - Environmental regulations may impose substantial costs and delays in building production facilities, affecting the company's operations and financial condition[163]. - The company’s products are subject to rapidly evolving regulatory schemes, which could impose limitations on their use and affect business operations[162]. Intellectual Property and Legal Risks - The company has $597.0 million in U.S. federal net operating loss carryforwards, with $553.8 million available indefinitely for tax purposes[145]. - The company faces risks related to intellectual property, including potential litigation costs and challenges in enforcing patents and trademarks[175]. - Potential litigation regarding intellectual property claims could divert management resources and adversely affect business operations[180]. - The company relies on proprietary information and trade secrets, which may be difficult to protect and could lead to competitive disadvantages if disclosed[186]. Human Resources and Operational Challenges - The company employs nearly 600 full-time employees as of December 31, 2022, primarily in the U.S. and Germany[54]. - The company faces intense competition for highly-skilled personnel, particularly in Orlando, Florida, and the San Francisco Bay Area, which may lead to significant costs in attracting and retaining talent[147]. - The company faces challenges in managing growth and expanding operations, necessitating improvements in operational and financial controls[99]. Market and Stock Performance - The market price and trading volume of Class A common stock have been volatile and may continue to fluctuate significantly due to various factors[206]. - The trading market for the company's Class A common stock is influenced by the research and reports published by securities and industry analysts[210]. - Future issuances of debt and equity securities may adversely affect the market price of Class A common stock and could be dilutive to existing stockholders[211]. - Sales of Class A common stock in the public market may depress its market price and impair the company's ability to raise capital[211].

Luminar Technologies, Inc. (NASDAQ:LAZR) J.P. Morgan 21st Annual Tech/Auto Forum Conference Call January 5, 2023 5:00 PM ET Company Participants Austin Russell - Founder and Chief Executive Officer Tom Fennimore - Chief Financial Officer Conference Call Participants Unidentified Analyst - J.P. Morgan Unidentified Analyst I have the pleasure of hosting Austin Russell and Tom Fennimore from Luminar here for the next session. And I think what we'll do is maybe start off with the announcements that you had yest ...

Luminar Technologies, Inc. (NASDAQ:LAZR) Barclays Global Automotive and Mobility Tech Conference Transcript November 30, 2022 12:00 PM ET Executives Tom Fennimore - Chief Financial Officer Trey Campbell - Vice President, Finance and IR Tushar Jain - Senior Director Investor Relations and Strategic Finance Analysts Dan Levy - Barclays Dan Levy I am very pleased to have with us Luminar. Great. And I think we are live. Welcome as we continue the Barclays Global Automotive and Mobility Tech Conference. My name ...

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, 2022 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) Indicate by check ...