Luminar Technologies(US:LAZR) Accessnewswire·2025-11-10 14:00Core Insights - Luminar Media Group reported record financial results for the first nine months of 2025, driven by growth in its revenue-based financing platform and disciplined expense management [1][6]. Financial Performance - Revenue increased from $3,556,693 in the first half of 2025 to $5,732,154 for the first nine months, representing a growth of 61.2% [3]. - Operating income grew from $1,763,697 to $2,942,413, marking a 66.8% increase [4]. - Net income before taxes rose from $1,702,041 to $2,824,286, an increase of 65.9% [4]. - Basic EPS increased from $0.0166 to $0.0336, reflecting a 102.4% increase [5]. Growth Projections - Management anticipates exceeding $7.5-$8.0 million in total revenue and $3.8-$4.0 million in pre-tax income for full-year 2025, indicating record annual profitability [6]. - An annualized gross revenue run rate of approximately $12 million is estimated based on recent performance [7]. Operational Efficiency - The third quarter contributed approximately $2.18 million in additional revenue and $1.12 million in additional pre-tax net income [8]. - Net income before taxes represented nearly 49% of total revenue, highlighting strong portfolio performance [8]. - Operating margin improved from approximately 49.6% to 51.3% for the first nine months, reflecting tighter cost control [10]. - Operating expenses rose only approximately 55.6% while revenue grew by 61.2%, showcasing strong cost discipline [11]. Management Commentary - Management emphasized the disciplined scaling of Fortun's revenue-based financing platform, highlighting rapid revenue growth and margin expansion without a corresponding surge in expenses [12].