分组1 - Luminar Technologies reported a quarterly loss of $1.42 per share, better than the Zacks Consensus Estimate of a loss of $1.65, and improved from a loss of $3 per share a year ago, resulting in an earnings surprise of 13.94% [1] - The company achieved revenues of $22.48 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 34.15%, and showing a slight increase from $22.11 million in the same quarter last year [2] - Luminar Technologies has surpassed consensus EPS estimates in all four of the last quarters, while it has topped consensus revenue estimates only once during the same period [2] 分组2 - The stock has increased approximately 34.6% since the beginning of the year, contrasting with a decline of 3.5% in the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is -$1.50 on revenues of $17.16 million, and for the current fiscal year, it is -$6.25 on revenues of $101.01 million [7] - The Zacks Industry Rank for Automotive - Original Equipment is in the bottom 41% of over 250 Zacks industries, indicating potential challenges for stock performance [8]

Luminar (LAZR) Q4 2024 Earnings Call March 20, 2025 05:00 PM ET Company Participants Aileen McAdams - Head of Investor Relations Austin Russell - Founder & Chief Executive Officer Tom Fennimore - CFO Jash Patwa - Equity Research Associate Winnie Dong - Director, Equity Research Federico Merendi - Equity Research Associate Tyler Anderson - Equity Research Associate Conference Call Participants Morgan Long - Analyst Aileen McAdams Welcome, everyone, to Luminar's fourth quarter of twenty twenty four business u ...

Market Potential and Technology - The estimated Total Addressable Market (TAM) for ADAS & AV LiDAR is projected to reach approximately 197 million units by 2030[22]. - Luminar's technology roadmap includes the transition from the Model G-Series in 2017 to the Iris for series production in 2022, culminating in the Luminar Halo for mass adoption[48]. - Luminar's LiDAR-equipped vehicles are expected to avoid up to 25% more collisions compared to vehicles without Luminar equipment, enhancing mitigation power by up to 29%[29]. - Luminar's LiDAR systems provide reliable 3-D context and object detection, essential for safe autonomy, outperforming traditional camera/RADAR systems[24]. - The company emphasizes the importance of 1550nm wavelength technology, which offers better range and resolution while remaining eye-safe[43]. - Luminar's competitive advantage is reinforced by its end-to-end ecosystem, including proprietary software and semiconductor technology[21]. Production and Partnerships - Luminar plans to ramp production for Volvo and other partners post-SOP, while also focusing on reducing operational expenses and cost of goods sold (COGS)[50]. - The partnership with Volvo Cars continues to expand, with the Volvo ES90 model set for production in late 2025, following the successful launch of the EX90 in 2024[53]. - Luminar aims to accelerate the Luminar Halo to market, which is designed for scale and mass adoption by 2026[48]. - The Luminar Halo platform was successfully developed and produced fully integrated samples, demonstrating breakthrough capabilities in a low-cost package[59]. Financial Performance - Luminar's Q4'24 revenue reached $22.5 million, representing a 45% increase quarter-over-quarter and a 2% increase year-over-year, exceeding guidance[68]. - Total revenue for Q4 2024 was $22.484 million, a 1.7% increase from $22.114 million in Q4 2023[81]. - Gross profit for Q4 2024 was $12.478 million, compared to a gross loss of $21.571 million in Q4 2023[81]. - Luminar achieved a gross profit of $12.5 million in Q4'24, a significant improvement from a gross loss of $14.0 million in Q3'24[69]. - Non-GAAP gross profit for Q4 2024 was $14.041 million, compared to a non-GAAP gross loss of $(16.575) million in Q4 2023[85]. - The company reported a net cash increase from financing activities of $178.265 million for the year[83]. Cost Management and Future Projections - The company is targeting a 10% to 20% total revenue growth for FY'25, with an expected threefold increase in LiDAR shipments for series production year-over-year[72][77]. - Luminar plans to streamline operations by transitioning customers to the Luminar Halo platform, which is expected to reduce costs and accelerate the path to profitability[71]. - The company has implemented cost actions aimed at achieving approximately $80 million in annual run-rate savings by the end of FY'24, with a cumulative workforce reduction of over 30% since the restructuring plan began[66]. - Operating expenses decreased to $78.166 million in Q4 2024 from $127.021 million in Q4 2023, a reduction of approximately 38.4%[86]. Losses and Cash Flow - Net loss for Q4 2024 was $(44.222) million, an improvement from a net loss of $(148.401) million in Q4 2023[81]. - The company expects to incur a gross loss in the range of $(5) million to $(10) million per quarter through FY'25, on average[77]. - Cash used in operating activities for the year was $(276.052) million, compared to $(247.000) million in the previous year[83]. - The total cash flow from operations for the twelve months ended December 31, 2024, was $(276,052) thousand, compared to $(247,300) thousand for the previous year[89]. - Ending cash, cash equivalents, and restricted cash as of December 31, 2024, was $84.722 million[83]. Stock and Compensation - Total Stock-Based Compensation for Q4 2024 was $23,343 thousand, down from $47,101 thousand in Q4 2023[90]. - Total Amortization of Intangible Assets for Q4 2024 was $1,156 thousand, compared to $1,065 thousand in Q4 2023[90]. - The number of shares used in computing GAAP Net Loss per share for Q4 2024 was 35,020,843, an increase from 32,221,760 in Q4 2023[87]. - The GAAP Net Loss per Share for Q4 2024 was $(1.26), improving from $(4.61) in Q4 2023[87].

Luminar Technologies (LAZR) is set to report fourth-quarter 2024 results on March 20.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.For the fourth quarter of 2024, LAZR expects revenues to grow moderately relative to the third quarter of 2024, driven by growth in sensor sales, including the continued ramp of the Volvo EX90 as well as non-series production revenues.The Zacks Consensus Estimate for LAZR’s fourth-quarter revenues is pegged at $16.76 million, indicating a year-over-year ...

Luminar Technologies, Inc. (LAZR) closed at $5.17 in the latest trading session, marking a -1.9% move from the prior day. The stock's change was less than the S&P 500's daily loss of 1.78%. Meanwhile, the Dow experienced a drop of 0.99%, and the technology-dominated Nasdaq saw a decrease of 2.61%.Shares of the company witnessed a loss of 2.95% over the previous month, beating the performance of the Auto-Tires-Trucks sector with its loss of 15.76% and the S&P 500's loss of 3.48%.The investment community will ...

Company Performance - Luminar Technologies, Inc. (LAZR) closed at $5.20, reflecting a +1.17% change from the previous trading day's closing, which is less than the S&P 500's daily gain of 1.59% [1] - Over the last month, the company's shares have decreased by 3.75%, outperforming the Auto-Tires-Trucks sector's loss of 17.57% but underperforming the S&P 500's loss of 2.42% [1] Upcoming Earnings - The earnings report for Luminar Technologies, Inc. is scheduled for March 20, 2025, with a projected EPS of -$2.20, indicating a 26.67% increase compared to the same quarter of the previous year [2] - The consensus estimate for revenue is $16.76 million, which represents a decline of 24.2% from the prior-year quarter [2] Analyst Estimates - Recent adjustments to analyst estimates for Luminar Technologies, Inc. are crucial as they reflect the changing nature of near-term business trends, with positive revisions indicating a favorable outlook on the company's health and profitability [3] - The Zacks Rank system, which incorporates these estimate changes, aims to provide actionable ratings based on the performance of stocks [4] Zacks Rank and Industry Position - Luminar Technologies, Inc. currently holds a Zacks Rank of 3 (Hold), with the consensus EPS projection remaining stagnant over the past 30 days [5] - The Automotive - Original Equipment industry, part of the Auto-Tires-Trucks sector, has a Zacks Industry Rank of 166, placing it within the bottom 34% of over 250 industries, indicating weaker performance compared to higher-ranked industries [6]

Company Performance - Luminar Technologies, Inc. (LAZR) closed at $5.34, reflecting a +1.71% increase from the previous day, outperforming the S&P 500's daily gain of 0.53% [1] - Over the last month, the company's shares decreased by 2.42%, which is better than the Auto-Tires-Trucks sector's loss of 8.98% but underperformed compared to the S&P 500's gain of 1.24% [1] Earnings Expectations - The upcoming earnings report for Luminar Technologies is anticipated to show an EPS of -$2.20, representing a 26.67% improvement from the same quarter last year [2] - Revenue is expected to be $16.76 million, indicating a 24.2% decline compared to the corresponding quarter of the previous year [2] Analyst Forecasts - Recent revisions to analyst forecasts for Luminar Technologies are important as they reflect short-term business trends, with positive revisions indicating a favorable business outlook [3] - The Zacks Rank system, which incorporates these estimate changes, provides actionable ratings for investors [4] Zacks Rank and Industry Performance - Luminar Technologies currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining unchanged over the last 30 days [5] - The Automotive - Original Equipment industry, part of the Auto-Tires-Trucks sector, has a Zacks Industry Rank of 168, placing it in the bottom 34% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]

Company Performance - Luminar Technologies, Inc. closed at $5.25, reflecting a -1.78% change from the previous day, underperforming compared to the S&P 500's loss of 0.47% [1] - Over the last month, the company's shares decreased by 0.65%, outperforming the Auto-Tires-Trucks sector's loss of 7.82% but lagging behind the S&P 500's gain of 1.67% [1] Earnings Report Expectations - The upcoming earnings report is expected to show an EPS of -$2.20, which represents a 26.67% increase compared to the same quarter last year [2] - Revenue is anticipated to be $16.76 million, indicating a 24.2% decrease from the same quarter of the previous year [2] Analyst Forecasts - Recent revisions to analyst forecasts for Luminar Technologies are crucial as they reflect changing business trends [3] - Upward revisions in estimates indicate analysts' positive outlook on the company's operations and profit generation capabilities [3] Zacks Rank and Industry Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently rates Luminar Technologies at 3 (Hold) [5] - The Automotive - Original Equipment industry, part of the Auto-Tires-Trucks sector, has a Zacks Industry Rank of 164, placing it in the bottom 35% of over 250 industries [6]

Core Insights - Luminar Technologies, a lidar producer, has seen its stock price plummet from a high of $627 to around $6 since its public debut in December 2020, indicating significant investor losses [1] - The company has faced challenges typical of SPAC-backed firms, including overpromising on revenue growth and underdelivering, particularly in light of rising interest rates impacting valuations [2][6] - Despite these challenges, Luminar's lidar technology, which utilizes a higher wavelength of infrared light, claims to offer superior range and resolution compared to competitors [4][5] Company Performance - Luminar's revenue forecasts from 2020 to 2023 were overly optimistic, with actual revenues falling short of projections, particularly for 2023, where it expected $124 million but only achieved $70 million [8] - The company has struggled with negative gross margins and significant liabilities, holding $661 million in total liabilities against only $114 million in cash [9] - Analysts project a compound annual growth rate (CAGR) of 44% for Luminar's revenue from 2023 to 2026, potentially reaching $208 million as it capitalizes on partnerships with automakers like Volvo [11] Market Outlook - The global lidar market is expected to grow at a CAGR of 20% from 2025 to 2030, driven by advancements in semi-autonomous and autonomous vehicle technologies [11] - Luminar's current enterprise value of $773 million suggests it may not be a bargain at 11 times projected sales for 2024, but if it meets growth expectations, its value could rise significantly by 2028 [12] - Despite potential growth, Luminar is anticipated to remain unprofitable in the near term, raising concerns about its business model sustainability [13]

Core View - The analyst recommended a buy rating for Luminar Technologies (NASDAQ: LAZR) in April last year, believing the company was on track to meet its FY30 targets [1] Investment Criteria - An ideal investment should operate in a sector projected to experience structural (organic) growth exceeding GDP growth over the next 5-10 years [1] - The investment should generate profits from sustainable competitive advantages that translate into attractive unit economics [1] - The company should be managed by competent, ethical, and long-term thinkers [1] - The investment should have a fair valuation [1] Analyst Disclosure - The analyst has no stock, option, or similar derivative position in any of the mentioned companies [1] - The analyst has no plans to initiate any such positions within the next 72 hours [1] - The article expresses the analyst's own opinions and is not receiving compensation for it (other than from Seeking Alpha) [1] - The analyst has no business relationship with any company whose stock is mentioned in the article [1]