Thank you everybody for being here. Are we good. Uh the organizers asked me to come in and talk a little bit about my journey that I like to call farm to photonix.You can drop the the fancy slogan there. I just put that on there. Um in the hope that potentially I can inspire others to kind of forge new paths and and just dream big and and and you know do great things, right. If anything, some of the lessons learned that I'm going to talk about through this slide deck, um, hopefully you can employ those in y ...

Core Points - Luminar warns shareholders of potential cash depletion by early 2026 and announces a 25% workforce reduction to mitigate financial losses [1] - The company has $72 million in cash and marketable securities as of October 24, with a current burn rate indicating possible insolvency by early next year without additional fundraising [5] - Luminar has skipped required quarterly interest payments on certain loans due October 15, with lenders granting an extension until November 6 [6] Management Changes - Chief Financial Officer Thomas Fennimore will step down on November 13 to pursue other career opportunities, with no reported disagreements regarding finances or auditors [2] Company Performance - Luminar has faced challenges due to reduced lidar sensor sales to Volvo, leading to lower selling prices that do not cover production costs [4] - The company expects to report approximately $18 million in revenue and has a debt of $429 million in its upcoming third-quarter financial results [6] Leadership and Ownership - Founder Austin Russell, who was replaced as CEO in May due to an ethics inquiry, is currently attempting to buy the company, with some board members supporting this move [3]

Core Viewpoint - Chery Automobile, the second-largest carmaker in China by volume, is seeking to raise up to HK$9.14 billion (US$1.2 billion) through a Hong Kong stock offering, capitalizing on strong investor interest in the electric vehicle (EV) sector [1]. Group 1: IPO Details - Chery plans to offer 297.4 million shares priced between HK$27.75 and HK$30.75, with the final price to be determined on September 23 [2]. - Approximately 10% of the H-share offering will be allocated to the public, while the remainder is reserved for institutional investors [3]. - Retail investors can subscribe to shares starting Wednesday, with the offer closing on Monday, and trading expected to commence on September 25 [3]. Group 2: Market Context - The IPO timing aligns with renewed global investor interest in the Chinese EV supply chain, highlighted by significant stock price increases of other EV-related companies [5]. - Contemporary Amperex Technology's shares surged 60.4% following its US$4.6 billion IPO, and Hesai Group's shares rose 10% on debut after raising US$531 million [5]. Group 3: Company Performance and Outlook - Chery ranked second in sales among Chinese domestic car companies in 2023 and 2024, with strong annual growth expected in emerging markets from 2025 to 2030 [6]. - Revenue from overseas markets reached 26.29 billion yuan in the first three months of this year, accounting for 38.5% of total revenue [7]. - The company faces challenges from US-China trade tensions and high competition in both domestic and international markets [6].

Core Viewpoint - The company is navigating the challenges posed by tariffs and regulatory scrutiny while striving to maintain competitiveness and customer trust in the market. Group 1: Tariffs and Costs - The company continues to incur significant costs due to tariffs imposed by the US government, which is viewed as a cost of doing business rather than an option to avoid [1] - Despite the additional costs from tariffs, the company believes it offers the best performing, highest quality, and most price competitive products, which helps retain a majority of its customers [2] - The uncertainty surrounding tariffs is a major concern for customers, impacting their purchasing decisions [3] Group 2: Competitive Strategies - The company is focused on remaining competitive by ensuring unmatched performance and service, while also addressing customer concerns through solutions [4] - A new factory is being established in Southeast Asia to facilitate global shipping of sensors, reducing reliance on Chinese manufacturing [4][5] - Compliance with global regulations, particularly regarding data security and privacy, is a priority for the company to maintain customer trust [5] Group 3: Customer Relations and Negotiations - The company engages in ongoing negotiations with customers regarding cost absorption and pricing strategies in light of new tariffs [6][7] - It is emphasized that the financial burden of tariffs is not solely on the company or the customers, but rather a shared challenge in the current business environment [8] Group 4: Legal and Reputational Issues - The company is appealing allegations of links to the Chinese military, asserting that there is no direct evidence supporting these claims [10] - The ongoing legal situation has not resulted in direct business losses, but it has affected the company's reputation, which is a significant concern [10][11] - Customers are supportive of the company's appeal process, recognizing the need for a fair trial [11]

Company Fundraising - Hesai 寻求在香港上市中筹集 39 亿港元（约合 4.97 亿美元）[1] Industry Position - Hesai 是全球最大的车辆激光雷达传感器制造商[1]

Company Overview - Hesai Group, 全球最大的激光雷达传感器制造商，准备最早下个月在香港上市 [1]

Q2 2025 Performance Highlights - Ouster reported revenue of $35 million, a 30% increase compared to Q2 2024[9, 25] - The company shipped over 5,500 sensors, a 33% increase compared to Q2 2024[9, 27] - GAAP gross margin was 45%[9, 26] - Non-GAAP gross margin reached 52%, up from 40% in Q2 2024[25, 33] - Ouster finished the quarter with $229 million in cash and equivalents and no debt[9] Strategic Priorities - Ouster aims to scale the software-attached business, targeting a potential $19 billion smart infrastructure opportunity[14, 15] - The company is focused on transforming its product portfolio with new hardware and software capabilities[14, 20] - Ouster plans to execute towards profitability by achieving 30-50% annual revenue growth and maintaining gross margin at 35-40%[14, 22] Q3 2025 Guidance - Ouster anticipates revenue between $35 million and $38 million for Q3 2025[28]