Luminar Technologies(US:LAZR)2025-06-05 11:17Business Highlights - Luminar's Order Book consists of $3.4 billion in contracts with automakers, with expectations to add up to another $1 billion this year[5] - Luminar successfully passed the Run at Rate production audit for Volvo Cars, a milestone for the upcoming Volvo EX90 launch, with a capacity of up to 250k units a year[7, 17] - Gatik partnered with Luminar, making Luminar the exclusive LiDAR provider for Gatik's next-generation autonomous trucks[24, 25] Financial Performance - Q3 revenue was $17.0 million, a 33% year-over-year increase, but below the guidance range of $18 million-$21 million[34, 35] - Q3 non-GAAP gross loss was $(9.1) million, including $17 million of launch-related expenses, an improvement from Q2[36] - Q3 GAAP net loss was $(134.3) million, or EPS of $(0.34), and non-GAAP net loss was $(84.1) million, or EPS of $(0.21)[37] - Q3 Free cash flow was $(60.8) million, showing improvement from Q2[38] - Luminar ended Q3 with $321.0 million in cash and liquidity[34, 39] Guidance - The company expects 2023 revenue to be around $75 million, representing approximately 85% year-over-year growth[40] - Luminar anticipates Q4 Free cash flow to be in the range of $(35) million to $(40) million[15, 43]