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Luminar Technologies (LAZR)
NASDAQ:LAZR
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-1.67Last Year’s EPS
-2.85Same Quarter Last Year
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 20, 2025
|% Change Since: 2.07%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
The call presented a mixed outlook with strong revenue growth and significant achievements in product launches and cost restructuring. However, the conservative revenue growth forecast, expected negative gross margins in 2025, and geopolitical challenges indicate areas of concern.Company Guidance
During Luminar's Fourth Quarter of 2024 Business Update Call, the company provided robust guidance for 2025, projecting more than 200% growth in LiDAR shipments, with expectations to ship between 30,000 to 33,000 sensors, compared to 9,000 in 2024. Revenue growth is forecasted to be in the range of 10% to 20%, driven primarily by increased sensor sales to Volvo and other series production customers, although tempered by a significant 50% reduction in forecasted volumes compared to IHS estimates. The company also outlined key milestones for 2025, including ramping up Iris sensor production, meeting key requirements for their next-generation LiDAR, Luminar Halo, and streamlining operations by transitioning to a unified product platform. Financially, Luminar achieved a gross profit of $12.5 million in Q4, driven by sensor sales and cost management, although it anticipates modestly negative gross margins throughout 2025. With $233 million in cash and liquidity at the end of 2024, the company plans to utilize its equity financing program to maintain liquidity above $150 million by year-end 2025 while continuing to focus on cost reductions and efficiency improvements.Strong Revenue Growth
Luminar reported Q4 revenue of $22.5 million, up 45% quarter-over-quarter and 2% year-over-year, driven by higher sensor sales.
LiDAR Production Scale Up
Luminar plans to scale up LiDAR shipments by more than 200% this year, which is a significant step towards achieving economies of scale.
Successful Launch with Volvo
Luminar achieved the start of production for Volvo with the EX90 and was also awarded the Volvo ES90.
Cost Restructuring Achievements
Significant cost savings have been realized from restructuring efforts, with a decline of $72 million in non-GAAP OpEx and $80 million in stock-based compensation on an annualized basis.
Positive Gross Margin
For the quarter, Luminar reported a positive gross profit of $12.5 million on a GAAP basis.
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LAZR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LAZR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 20, 2025 | $6.28 | $8.35 | +32.96% |
| Nov 11, 2024 | $15.30 | $16.95 | +10.78% |
| Aug 06, 2024 | $21.07 | $13.20 | -37.35% |
| May 07, 2024 | $24.75 | $29.40 | +18.79% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Luminar Technologies (LAZR) report earnings?
Luminar Technologies (LAZR) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Luminar Technologies (LAZR) earnings time?
Luminar Technologies (LAZR) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LAZR EPS forecast?
LAZR EPS forecast for the fiscal quarter 2025 (Q1) is -1.67.
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