Group 1 - The author has been active in the markets for several years, focusing primarily on long/short equities [1] - The author holds a Bachelor of Science Degree in Finance and Accounting, with a minor in History, and has experience managing investment portfolios [1] - The author has completed internships at a large bank and in managing a university endowment [1] Group 2 - The article emphasizes the importance of conducting due diligence before making any investment decisions [3] - It is advised that investors seek advice from brokers or financial advisers [3] - The article states that past performance is not indicative of future results, and no formal investment recommendations are provided [4]

Group 1 - A class action has been filed on behalf of investors who purchased Luminar Technologies, Inc. securities between March 20, 2025, and May 14, 2025 [1] - Luminar Technologies specializes in advanced LiDAR hardware and software solutions for vehicles [1] - Allegations include failure to disclose misconduct by President and CEO Russell, which posed a material risk to the company's operations and financial guidance [2] Group 2 - On May 14, 2025, Luminar announced Russell's resignation following an inquiry, leading to a stock price drop of $0.80 per share, or 16.80%, closing at $3.96 per share on May 15, 2025 [3] - Shareholders may be eligible to participate in the class action and can contact Robbins LLP for more information [4] - Robbins LLP has been dedicated to helping shareholders recover losses and improve corporate governance since 2002 [5]

Financial Data and Key Metrics Changes - Revenue for Q2 2025 was $15.6 million, in line with guidance, but represented a 5% year-over-year decline and a sequential decline due to lower production volume estimates and the wind down of non-core data contracts [21][14][22] - Gross loss for the quarter was $12.4 million on a GAAP basis and $10.8 million on a non-GAAP basis, which was worse than the guidance of negative $5 million to $10 million [23] - Operating expenses (OpEx) were $27 million on a GAAP basis and $47 million on a non-GAAP basis, with expectations to reduce non-GAAP OpEx to the low $30 million range by Q4 2025 [24][29] Business Line Data and Key Metrics Changes - The company shipped approximately 5,000 Iris sensors in Q2, down from 6,000 in Q1, primarily due to lower demand from Volvo [22] - The decision to exit non-core initiatives, including data and insurance businesses, is expected to reduce operating expenses by nearly $23 million annually starting in 2026 [11][29] Market Data and Key Metrics Changes - The automotive market is seeing a shift towards incorporating autonomous driving and advanced safety features, with Luminar working with leading OEMs like Volvo, Nissan, and Mercedes [5] - The company is focusing on commercial markets such as trucking, security, and defense, where unit economics are more attractive and autonomy is advancing quickly [7][8] Company Strategy and Development Direction - Luminar is aligning its strategy to focus on execution and operational discipline, aiming to strengthen its balance sheet and reduce cash burn [4][13] - The HALO platform is seen as key to broader LiDAR adoption, with ongoing development programs with OEM partners [7] - The company is transitioning production from Mexico to Thailand to improve unit economics and streamline operations [12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that the widespread adoption of Level 3 and higher autonomy is progressing more slowly than expected, prompting a shift in focus to near-term revenue opportunities [7] - The company has revised its 2025 revenue guidance down to $67 million to $74 million, primarily due to lower sensor shipment expectations and the wind down of non-core contracts [27] Other Important Information - The company secured a $200 million convertible preferred facility to strengthen liquidity and extend its runway, with plans to reduce the outstanding balance of 2026 convertible notes to below $100 million by year-end [20][21] - The company expects to end fiscal year 2025 with $80 million to $100 million in cash and marketable securities, slightly below previous expectations [30] Q&A Session Summary Question: Size of opportunities in adjacent markets - Management indicated that the commercial markets are very large but did not provide specific sizes, stating that customer information will be shared in future calls [35] Question: Shipment of sensors at unfavorable economics - Management explained that lower than expected volumes have led to unfavorable sensor economics, with actions being taken to close the gap [38] Question: Revenue realization from commercial markets - Management confirmed that revenues are being realized today and expect growth in 2026, but did not provide specific forecasts [42] Question: Non-GAAP OpEx funding adjacent opportunities - Management stated that the investments in adjacent opportunities are consistent with the OpEx target mentioned [43] Question: Focus on ADAS vs. robotaxis in the automotive market - Management clarified that while Luminar is focused on higher levels of autonomy within passenger vehicles, the timing of progression is uncertain, leading to a focus on other market opportunities [45] Question: Downside revision to full year revenue guidance - Management explained that about two-thirds of the $15 million reduction in guidance is related to lower sensor shipments, with the remainder attributed to the wind down of the non-core data contract [49] Question: Update on partnership with Mercedes Benz - Management confirmed a development agreement with Mercedes and expressed hope to convert it into a production agreement based on milestone achievements [52]

Financial Performance - Q2'25 revenue was $156 million, a 17% decrease QoQ and a 5% decrease YoY[15] - GAAP gross loss was $(124) million, while non-GAAP gross loss was $(108) million[16] - Q2'25 GAAP operating expenses were $271 million, and non-GAAP operating expenses were $470 million, including ~$4M in one-time items[16, 11] - Cash and marketable securities stood at $1076 million, excluding undrawn credit facility, equity finance program, and convertible preferred facility[17] - Free Cash Flow (FCF) was $(538) million, compared to $(443) million in Q1'25[19] Debt Management - $50 million of 2026 convertible notes were repurchased via cash & equity[8] - $135 million face amount of 2026 convertible debt remains outstanding as of August 2025, reduced from $625 million in August 2024[8, 13, 14] - The company aims to reduce 2026 convertible debt to below $100 million by year-end 2025[14] Revised Guidance - FY'25 revenue guidance lowered to $67 million to $74 million, based on sensor shipment of 20k to 23K units, down from prior outlook of 30k-33k units[20] - Non-GAAP gross loss is expected to be in the range of $(5) million to $(10) million per quarter through FY'25[20] - Non-GAAP quarterly operating expenses are expected to improve to the low-$30 million range by year-end 2025[20] - The company expects to end FY'25 with $80 million to $100 million in cash and marketable securities[21]

Core Insights - Luminar Technologies reported a second-quarter adjusted loss of $1.49 per share, missing the Street estimate of $1.18 [1] - Quarterly revenue was $15.63 million, falling short of the consensus estimate of $17.27 million [1] Financial Performance - Revenue for the second quarter was $15.6 million, down 5% year-over-year and 17% quarter-over-quarter [6] - Gross loss for the second quarter was $10.8 million on a non-GAAP basis [6] - Non-GAAP net loss for the second quarter was $73.1 million, equating to $1.49 per share [6] - Operating expenses for the second quarter were $47 million on a non-GAAP basis [6] - Cash and marketable securities at the end of the second quarter totaled $107.6 million [6] Strategic Actions - The CEO stated that the company is taking decisive steps to fulfill customer commitments and focus on near-term revenue and profit opportunities beyond automotive markets [3] - The company is streamlining operations by exiting non-core areas and concentrating on key operational milestones [4] Outlook - Luminar has lowered its full-year sales guidance from a previous range of $82.93 million to $90.47 million to a new range of $67 million to $74 million, compared to the analyst estimate of $86.32 million [4]

[Q2 2025 Earnings Overview](index=1&type=section&id=Q2%202025%20Earnings%20Overview) [Company Highlights and Strategic Focus](index=1&type=section&id=Company%20Highlights%20and%20Strategic%20Focus) Luminar advanced key auto milestones, streamlined operations, and exited non-core businesses to focus on Halo - Luminar advanced key auto customer milestones in Q2 and is pursuing growth opportunities in commercial markets[2](index=2&type=chunk) - The company is exiting non-core data and insurance businesses to drive cost reductions and operational discipline[2](index=2&type=chunk)[3](index=3&type=chunk) - CEO Paul Ricci emphasized delivering on customer commitments, advancing Halo as the foundation, and sharpening focus on near-term revenue and profit opportunities beyond automotive[3](index=3&type=chunk) [About Luminar](index=2&type=section&id=About%20Luminar) Luminar develops proprietary LiDAR hardware and software for automotive, commercial, and defense sectors - Luminar is a global technology company advancing safety, security, and autonomy across automotive, commercial, and defense sectors[13](index=13&type=chunk) - The company develops proprietary LiDAR hardware, software, semiconductor, and photonics technologies in-house to meet demanding performance and scalability requirements[13](index=13&type=chunk) - With series production underway and commercial traction, Luminar is positioned to deliver next-generation advanced, mission-critical LiDAR and photonics solutions[13](index=13&type=chunk) [Q2 2025 Financial Performance](index=1&type=section&id=Q2%202025%20Financial%20Performance) [Key Q2 2025 Financials](index=1&type=section&id=Key%20Q2%202025%20Financials) Q2 2025 revenue was $15.6 million (down 5% YoY), GAAP net loss $(30.5) million, and $107.6 million cash Q2 2025 Key Financials | Metric | Q2 2025 (Millions) | Change YoY (vs Q2'24) | Change QoQ (vs Q1'25) | | :-------------------------- | :----------------- | :-------------------- | :-------------------- | | Revenue | $15.6 | -5% | -17% | | GAAP Gross Loss | $(12.4) | N/A | N/A | | Non-GAAP Gross Loss | $(10.8) | N/A | N/A | | GAAP Net Loss | $(30.5) | N/A | N/A | | GAAP Net Loss per Share | $(0.62) | N/A | N/A | | Non-GAAP Net Loss | $(73.1) | N/A | N/A | | Non-GAAP Net Loss per Share | $(1.49) | N/A | N/A | | GAAP Operating Expenses | $(27.1) | N/A | N/A | | Non-GAAP Operating Expenses | $47.0 | N/A | N/A | | Cash & Marketable Securities (End of Q2'25) | $107.6 | N/A | N/A | - Q2 Revenue was **$15.6 million**, down **5%** compared to Q2'24, and **17%** compared to Q1'25, consistent with guidance for revenue to be lower QoQ[8](index=8&type=chunk) - Ended Q2'25 with **$107.6 million** in Cash & Marketable Securities, excluding an undrawn **$50 million** line of credit, **$180 million** remaining under the equity financing program, and **$165 million** of convertible preferred facility[8](index=8&type=chunk) [Business Milestones and Outlook](index=1&type=section&id=Business%20Milestones%20and%20Outlook) [Operational Milestones](index=1&type=section&id=Operational%20Milestones) Luminar outlined Halo milestones: ASIC tape-out, Thailand production by Q4'25, prototype Q1'26, B-sample Q2'26 - ASIC tape-out for Halo is expected by the end of **Q4'25**[8](index=8&type=chunk) - High-volume production line in Thailand is expected to be live by the end of **Q4'25**[8](index=8&type=chunk) - Low-volume Halo prototype line launch is planned by the end of **Q1'26**, with Halo B-sample delivery by the end of **Q2'26**[8](index=8&type=chunk) [Revised FY 2025 Financial Guidance](index=1&type=section&id=Revised%20FY%202025%20Financial%20Guidance) Luminar revised FY25 guidance, reducing sensor shipments and total revenue forecasts, with non-GAAP losses consistent - Luminar is revising elements of its FY 2025 financial guidance to reflect updated expectations of vehicle production ramps in 2H'25 and the winding down of non-core business, including a data contract and insurance initiative[6](index=6&type=chunk) Revised FY 2025 Financial Guidance | Metric | Previous Guidance | Revised Guidance | Change | | :------------------------------------ | :---------------- | :--------------- | :----- | | Sensor Shipments | 30 thousands to 33 thousands | 20 thousands to 23 thousands | Down | | Total Revenue | $82 million to $90 million (implied) | $67 million to $74 million | Down | | Non-GAAP Gross Loss (per quarter, average) | $(5) million to $(10) million | $(5) million to $(10) million (likely towards higher-end) | Unchanged | | Non-GAAP Quarterly Operating Expenses (by YE'25) | Low ~$30 million range | Low ~$30 million range | Unchanged | | YE'25 Cash & Marketable Securities | > $100 million (excluding LOC) | $80 million to $100 million (excluding LOC) | Down | [Q3 2025 Revenue Expectation](index=1&type=section&id=Q3%202025%20Revenue%20Expectation) Luminar anticipates Q3 2025 revenue to be in the range of $17 million to $19 million Q3 2025 Revenue Expectation | Metric | Q3 2025 Expectation | | :----- | :------------------ | | Revenue | $17 million to $19 million | [Consolidated Financial Statements](index=3&type=section&id=Consolidated%20Financial%20Statements) [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets $265.5 million (down), liabilities $513.5 million (down), stockholders' deficit $(272.2) million (up) Condensed Consolidated Balance Sheets (in thousands) | Metric | June 30, 2025 (Unaudited) | December 31, 2024 | | :-------------------------------- | :------------------------ | :---------------- | | **ASSETS** | | | | Total current assets | $167,328 | $245,227 | | Total assets | $265,487 | $365,213 | | **LIABILITIES, PREFERRED STOCK AND STOCKHOLDERS' DEFICIT** | | | | Total current liabilities | $69,187 | $60,588 | | Debt | $429,679 | $500,516 | | Total liabilities | $513,456 | $586,002 | | Total stockholders' deficit | $(272,179) | $(220,789) | [Condensed Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q2 2025 revenue was $15.6 million (down YoY), with GAAP gross loss $(12.4) million and net loss $(30.5) million Condensed Consolidated Statements of Operations (in thousands, except per share data) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :----------------------------------- | :------------------------------- | :------------------------------- | :------------------------------- | :------------------------------- | | Total revenue | $15,634 | $16,451 | $34,520 | $37,419 | | Total cost of sales | $28,061 | $30,131 | $55,047 | $61,554 | | Gross loss | $(12,427) | $(13,680) | $(20,527) | $(24,135) | | Total operating expenses | $27,052 | $114,042 | $91,224 | $229,356 | | Loss from operations | $(39,479) | $(127,722) | $(111,751) | $(253,491) | | Net loss attributable to common stockholders | $(30,501) | $(130,607) | $(111,192) | $(256,321) | | Basic and diluted net loss per share | $(0.62) | $(4.32) | $(2.44) | $(8.76) | [Condensed Consolidated Statements of Cash Flows](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash used in operating activities decreased to $(97.9) million, with investing activities providing $41.4 million Condensed Consolidated Statements of Cash Flows (in thousands) | Metric | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :----------------------------------- | :------------------------------- | :------------------------------- | | Net cash used in operating activities | $(97,954) | $(158,936) | | Net cash provided by investing activities | $41,417 | $35,511 | | Net cash provided by financing activities | $22,721 | $36,894 | | Net decrease in cash, cash equivalents and restricted cash | $(33,816) | $(86,531) | | Ending cash, cash equivalents and restricted cash | $50,906 | $54,093 | [Non-GAAP Reconciliations](index=2&type=section&id=Non-GAAP%20Reconciliations) [Non-GAAP Financial Measures Disclosure](index=2&type=section&id=Non-GAAP%20Financial%20Measures%20Disclosure) Non-GAAP measures enhance comparability but are not GAAP alternatives; forward-looking reconciliation is unavailable - Non-GAAP measures are used to enhance investors' and analysts' ability to meaningfully compare results from period to period and to forward-looking guidance, and to identify operating trends[10](index=10&type=chunk) - These non-GAAP measures are not in accordance with, or an alternative for, GAAP, and should not be considered in isolation or as a substitute for GAAP financial information[10](index=10&type=chunk) - A forward-looking reconciliation of non-GAAP gross loss and non-GAAP operating expenses for fiscal 2025 is not available due to the inability to present various reconciling cash and non-cash items without unreasonable effort, particularly stock-based compensation expense[11](index=11&type=chunk) [Reconciliation of GAAP Cost of Sales to Non-GAAP Cost of Sales](index=6&type=section&id=Reconciliation%20of%20GAAP%20Cost%20of%20Sales%20to%20Non-GAAP%20Cost%20of%20Sales) GAAP cost of sales was $28.1 million, adjusted to non-GAAP cost of sales of $26.4 million after various adjustments Reconciliation of GAAP Cost of Sales to Non-GAAP Cost of Sales (in thousands) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :----------------------------------- | :------------------------------- | :------------------------------- | :------------------------------- | :------------------------------- | | GAAP cost of sales | $28,061 | $30,131 | $55,047 | $61,554 | | Stock-based compensation | $(1,361) | $(298) | $(2,652) | $(3,693) | | Amortization of intangible assets | $(165) | $(166) | $(394) | $(332) | | Accelerated depreciation | $(143) | $(1,295) | $(286) | $(3,430) | | Non-GAAP cost of sales | $26,392 | $28,372 | $51,715 | $54,099 | [Reconciliation of GAAP Gross Loss to Non-GAAP Gross Loss](index=6&type=section&id=Reconciliation%20of%20GAAP%20Gross%20Loss%20to%20Non-GAAP%20Gross%20Loss) Q2 2025 GAAP gross loss was $(12.4) million, adjusted to non-GAAP gross loss of $(10.8) million after add-backs Reconciliation of GAAP Gross Loss to Non-GAAP Gross Loss (in thousands) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :----------------------------------- | :------------------------------- | :------------------------------- | :------------------------------- | :------------------------------- | | GAAP gross loss | $(12,427) | $(13,680) | $(20,527) | $(24,135) | | Stock-based compensation | $1,361 | $298 | $2,652 | $3,693 | | Amortization of intangible assets | $165 | $166 | $394 | $332 | | Accelerated depreciation | $143 | $1,295 | $286 | $3,430 | | Non-GAAP gross loss | $(10,758) | $(11,921) | $(17,195) | $(16,680) | [Reconciliation of GAAP Operating Expenses to Non-GAAP Operating Expenses](index=6&type=section&id=Reconciliation%20of%20GAAP%20Operating%20Expenses%20to%20Non-GAAP%20Operating%20Expenses) Q2 2025 GAAP operating expenses were $27.1 million, adjusted to non-GAAP operating expenses of $47.0 million Reconciliation of GAAP Operating Expenses to Non-GAAP Operating Expenses (in thousands) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :----------------------------------- | :------------------------------- | :------------------------------- | :------------------------------- | :------------------------------- | | GAAP operating expenses | $27,052 | $114,042 | $91,224 | $229,356 | | Stock-based compensation | $22,007 | $(36,781) | $3,870 | $(77,851) | | Impairment of investments | — | $(4,000) | — | $(4,000) | | Restructuring costs | $(1,180) | $(6,262) | $(1,244) | $(6,262) | | Amortization of intangible assets | $(866) | $(834) | $(1,669) | $(1,668) | | Non-GAAP operating expenses | $47,013 | $66,164 | $92,181 | $139,343 | [Reconciliation of GAAP Net Loss to Non-GAAP Net Loss](index=7&type=section&id=Reconciliation%20of%20GAAP%20Net%20Loss%20to%20Non-GAAP%20Net%20Loss) Q2 2025 GAAP net loss was $(30.5) million, adjusted to non-GAAP net loss of $(73.1) million after adjustments Reconciliation of GAAP Net Loss to Non-GAAP Net Loss (in thousands, except per share data) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :----------------------------------- | :------------------------------- | :------------------------------- | :------------------------------- | :------------------------------- | | GAAP net loss attributable to common stockholders | $(30,501) | $(130,607) | $(111,192) | $(256,321) | | Stock-based compensation, excluding restructuring | $(20,646) | $37,079 | $(1,218) | $81,544 | | Amortization of intangible assets | $1,031 | $1,000 | $2,063 | $2,000 | | Gain on extinguishment of debt | $(15,281) | — | $(22,056) | — | | Change in the fair value of derivative liabilities | $(8,991) | — | $(5,320) | — | | Non-GAAP net loss attributable to common stockholders | $(73,065) | $(81,133) | $(136,145) | $(161,590) | | Non-GAAP net loss per share attributable to common stockholders | $(1.49) | $(2.68) | $(2.99) | $(5.52) | [Reconciliation of GAAP Operating Cash Flow to Non-GAAP Free Cash Flow](index=8&type=section&id=Reconciliation%20of%20GAAP%20Operating%20Cash%20Flow%20to%20Non-GAAP%20Free%20Cash%20Flow) Q2 2025 GAAP operating cash flow was $(53.7) million, adjusted to non-GAAP free cash flow of $(53.8) million Reconciliation of GAAP Operating Cash Flow to Non-GAAP Free Cash Flow (in thousands) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :----------------------------------- | :------------------------------- | :------------------------------- | :------------------------------- | :------------------------------- | | GAAP operating cash flow | $(53,725) | $(77,707) | $(97,954) | $(158,936) | | Purchases of property and equipment | $(111) | $(302) | $(226) | $(1,586) | | Non-GAAP free cash flow | $(53,836) | $(78,009) | $(98,180) | $(160,522) | [Summary of Stock-Based Compensation and Intangibles Amortization](index=8&type=section&id=Summary%20of%20Stock-Based%20Compensation%20and%20Intangibles%20Amortization) Q2 2025 total stock-based compensation was $(20.7) million and intangibles amortization was $1.0 million Summary of Stock-Based Compensation and Intangibles Amortization (in thousands) | Category | Three Months Ended June 30, 2025 (Stock-Based Compensation) | Three Months Ended June 30, 2025 (Intangibles Amortization) | Six Months Ended June 30, 2025 (Stock-Based Compensation) | Six Months Ended June 30, 2025 (Intangibles Amortization) | | :-------------------------- | :---------------------------------------------------------- | :---------------------------------------------------------- | :---------------------------------------------------------- | :---------------------------------------------------------- | | Cost of Sales | $1,361 | $165 | $2,652 | $394 | | Research and development | $4,792 | $600 | $11,129 | $1,199 | | Sales and marketing | $2,109 | $266 | $3,275 | $470 | | General and administrative | $(28,908) | — | $(18,274) | — | | Restructuring costs | $(11) | — | $(59) | — | | **Total** | **$(20,657)** | **$1,031** | **$(1,277)** | **$2,063** | [Additional Information](index=1&type=section&id=Additional%20Information) [Webcast Details](index=1&type=section&id=Webcast%20Details) Luminar hosted a webcast on August 12, 2025, discussing Q2 financials and business updates, with a recording available - A webcast featuring second quarter 2025 financials, business update, and live Q&A was held on **August 12, 2025, at 5:00 p.m. EDT**[8](index=8&type=chunk) - The webcast was available live on Luminar's Investor site at https://www.luminartech.com/quarterlyreview, with a recording available following its conclusion[8](index=8&type=chunk)[9](index=9&type=chunk) [Forward-Looking Statements](index=2&type=section&id=Forward-Looking%20Statements) Press release contains forward-looking statements for 2025 outlook, liquidity, and Halo development, subject to risks - The press release contains forward-looking statements regarding the outlook for **2025**, including revenue, liquidity resources, sensor shipments, gross loss, operating expense, and expectations for Luminar Halo[12](index=12&type=chunk) - These statements are based on management expectations and assumptions and involve risks, uncertainties, and other factors that could cause actual results to differ materially[12](index=12&type=chunk) - Luminar assumes no obligation to update any forward-looking statements, which speak only as of the date they are made[12](index=12&type=chunk) [Contact Information](index=9&type=section&id=Contact%20Information) Contact information for Luminar's Investor Relations and Media Relations departments is provided - Investor Relations contact: **Yarden Amsalem** at Investors@luminartech.com[31](index=31&type=chunk) - Media Relations contact: **Milin Mehta** at Press@luminartech.com[31](index=31&type=chunk)

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Luminar Technologies, Inc. securities during the specified class period of the upcoming lead plaintiff deadline for a class action lawsuit [1][3]. Group 1: Class Action Details - Investors who purchased Luminar securities between March 20, 2025, and May 14, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by September 22, 2025 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions [4]. Group 2: Case Allegations - The lawsuit alleges that Luminar's executives made false and misleading statements and failed to disclose critical information regarding the conduct of Austin Russell, the company's President, CEO, and Chairman [5]. - It is claimed that Russell's undisclosed conduct posed a material risk to his position and, consequently, to Luminar's business operations and competitive standing [5]. - The lawsuit asserts that Luminar lacked a reasonable basis for its financial guidance due to these undisclosed risks, leading to materially false public statements [5].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Luminar Technologies, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline on September 22, 2025 [1]. Group 1: Class Action Details - Investors who purchased Luminar securities between March 20, 2025, and May 14, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting the law firm or visiting their website [3][6]. - The lawsuit claims that Luminar's executives made false and misleading statements, which led to investor damages when the truth was revealed [5]. Group 2: Legal Representation - The Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a proven track record in securities class actions, highlighting their own success in recovering significant amounts for investors [4]. - The firm has been recognized for its achievements in securities class action settlements, including a notable settlement of over $438 million in 2019 [4]. Group 3: Case Specifics - The lawsuit alleges that Luminar's President, CEO, and Chairman, Austin Russell, was involved in undisclosed conduct that posed risks to his position and the company's business operations [5]. - The negative implications of Russell's potential departure could adversely affect Luminar's competitive standing, R&D management, and customer relationships [5].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Luminar Technologies, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who purchased Luminar securities between March 20, 2025, and May 14, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by September 22, 2025 [3]. - The Rosen Law Firm emphasizes the importance of selecting qualified counsel with a successful track record in securities class actions [4]. Group 2: Case Allegations - The lawsuit alleges that Luminar's executives made false and misleading statements and failed to disclose critical information regarding CEO Austin Russell's undisclosed conduct, which could lead to his removal [5]. - The potential loss of Russell is claimed to pose a material risk to Luminar's business operations, including competition, R&D management, and customer relationships [5]. - The lawsuit asserts that Luminar lacked a reasonable basis for its financial guidance, rendering public statements materially false and misleading [5].

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Luminar Technologies, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][3]. Group 1: Class Action Details - Investors who purchased Luminar securities between March 20, 2025, and May 14, 2025, may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by September 22, 2025 [3][5]. - The lawsuit alleges that Luminar's executives made false and misleading statements, which created material risks affecting the company's business and financial guidance [5]. Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [4]. - The firm was ranked No. 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017 and has consistently ranked in the top 4 since 2013, recovering hundreds of millions of dollars for investors [4]. - In 2019, the firm secured over $438 million for investors, showcasing its effectiveness in representing clients [4].