Luminar Technologies (LAZR) AI Stock Analysis

• Market Cap: $168.72M
• Dividend Yield: N/A
• Average Volume (3M): 1.90M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.05
• Revenue Growth: -3.84%
• EPS Growth: 67.67%
• Country: US
• Employees: 580
• Sector: Consumer Cyclical
• Sector Strength: 76
• Industry: Auto - Parts
• EPS (TTM): -1.50
• Shares Outstanding: 42,125,290
• 10 Day Avg. Volume: 1,713,122
• 30 Day Avg. Volume: 1,903,766
• PEG Ratio: >-0.01
• Price to Book (P/B): -0.66
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.67
• Enterprise Value/Market Cap: 3.80
• Enterprise Value/Revenue: 2.11
• Enterprise Value/Gross Profit: -24.94
• Enterprise Value/Ebitda: -0.42
• 1Y Price Target: $3.83
• Price Target Upside: 6.69% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 4

• Rating: 41 Neutral
• Price Target: $3.50 ▼(-2.51%Downside)

Luminar Technologies' overall stock score reflects significant financial challenges, including high leverage and negative cash flow. Technical indicators suggest bearish momentum, and valuation metrics are unfavorable. Despite some positive corporate actions and cost reductions, the company's financial instability and ongoing losses are the most significant factors impacting the score.

Positive Factors

Partnerships

A new partnership with a major construction highway machinery manufacturer and ongoing engagements with platform partners like NVIDIA enhance LAZR's market positioning.

Restructuring

Luminar Technologies is making good progress on its restructuring actions and taking out costs faster than expected.

Technology

Luminar’s LiDAR technology is viewed as best-in-class, which positions the company well for future market share growth.

Negative Factors

Capital Requirements

There is an expectation that Luminar Technologies will need to raise significant additional capital due to its high free cash flow usage.

Leadership

The CEO and founder, Austin Russell, resigned, which could adversely impact the company's ability to innovate.

Market Growth

The company is still facing challenging fundamentals, particularly from slower-than-expected growth in the autonomous vehicle market.

Luminar Technologies Business Overview & Revenue Model

Company Description

Luminar Technologies, Inc., an automotive technology company, provides sensor technologies and software for passenger cars and commercial trucks in North America, the Asia Pacific, Europe, and the Middle East. It operates in two segments, Autonomy Solutions and Components. The Autonomy Solutions segment designs, manufactures, and sells laser imaging, detection, and ranging sensors, as well as related perception and autonomy software solutions primarily for original equipment manufacturers in the automobile, commercial vehicle, robo-taxi, and adjacent industries. The Component segment develops ultra-sensitive pixel-based sensors. This segment also designs, tests, and provides consulting services for non-standard integrated circuits for use in automobile and aeronautics sector, as well as government spending in military and defense activities. The company was founded in 2012 and is headquartered in Orlando, Florida.

How the Company Makes Money

Luminar Technologies generates revenue primarily through the sale of its LIDAR sensors and software solutions to automotive manufacturers and suppliers. The company collaborates with major automotive OEMs (Original Equipment Manufacturers) and Tier 1 suppliers to integrate its technology into vehicles, contributing to the development and commercial deployment of autonomous driving systems. Luminar also engages in partnerships and strategic alliances, which can include co-development agreements and licensing deals, to expand the adoption and application of its technologies. Revenue streams may also include engineering services and support for integration and optimization of LIDAR systems in vehicles.

Luminar Technologies Financial Statement Overview

Summary

Luminar Technologies is experiencing strong revenue growth but faces significant financial challenges, including negative equity and cash flow issues. The company operates at a loss, with high operational costs and negative net income, indicating financial instability that requires improved management.

Income Statement

Luminar Technologies has shown significant revenue growth over the years, with a revenue increase from $13.95M in 2020 to $75.39M in 2024. However, the company is operating at a loss, with negative EBIT and EBITDA margins indicating high operational costs. Net income has also remained negative, reflecting ongoing challenges in achieving profitability.

Balance Sheet

The balance sheet shows high leverage with a negative stockholders' equity of -$220.79M in 2024, indicating financial distress. The debt-to-equity ratio cannot be calculated due to negative equity, highlighting potential solvency issues. The equity ratio is negative, reflecting a high proportion of liabilities relative to assets.

Cash Flow

Luminar Technologies has experienced negative free cash flow growth, indicative of cash constraints. The operating cash flow remains negative, though there is a substantial cash inflow from financing activities, suggesting reliance on external funding to manage operations.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
75.39M	69.78M	40.70M	31.94M	13.95M
	Gross Profit
-25.69M	-72.69M	-60.28M	-14.15M	-11.00M
	EBIT
-435.04M	-563.31M	-442.40M	-214.55M	-86.88M
	EBITDA
-242.80M	-530.39M	-425.57M	-239.85M	-364.90M
	Net Income Common Stockholders
-273.14M	-571.27M	-445.94M	-237.99M	-365.18M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
182.67M	289.82M	488.87M	792.12M	485.65M
	Total Assets
365.21M	512.37M	687.33M	883.54M	510.35M
	Total Debt
534.65M	660.66M	635.13M	619.46M	893.00K
	Net Debt
451.81M	521.57M	565.58M	289.48M	-208.05M
	Total Liabilities
586.00M	737.12M	713.73M	685.55M	361.61M
	Stockholders Equity
-220.79M	-224.75M	-26.41M	197.99M	148.74M
Cash Flow		Free Cash Flow
-281.72M	-269.22M	-226.30M	-154.85M	-77.84M
	Operating Cash Flow
-276.63M	-247.30M	-208.23M	-148.42M	-75.64M
	Investing Cash Flow
42.46M	236.63M	27.99M	-194.19M	-271.79M
	Financing Cash Flow
178.26M	80.20M	-79.35M	463.59M	529.85M

Luminar Technologies Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3.59
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LAZR, the sentiment is Negative. The current price of 3.59 is below the 20-day moving average (MA) of 4.05, below the 50-day MA of 4.50, and below the 200-day MA of 8.39, indicating a bearish trend. The MACD of -0.18 indicates Positive momentum. The RSI at 41.03 is Neutral, neither overbought nor oversold. The STOCH value of 10.61 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LAZR.

Luminar Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HSAI	65 Neutral	$2.56B	―	-0.30%	―	23.48%	97.67%
Sector *	62 Neutral	$6.91B	11.20	2.93%	3.90%	2.68%	-25.01%
AEVA	62 Neutral	$1.01B	―	-113.70%	―	95.90%	10.38%
INVZ	58 Neutral	$181.06M	―	-65.19%	―	28.52%	41.32%
LIDR	52 Neutral	$13.60M	―	-170.89%	―	-70.99%	69.17%
ECX	44 Neutral	$583.02M	―	102.04%	―	21.32%	17.48%
LAZR	41 Neutral	$168.72M	―	146.24%	―	-3.84%	67.67%

Luminar Technologies Corporate Events

Luminar Technologies Enhances Financial Structure with Note Exchange

On May 22, 2025, Luminar Technologies entered into private agreements to exchange and repurchase $50 million of its 1.25% Convertible Senior Notes due 2026. This move, funded by a recent capital commitment, aims to improve Luminar’s capital structure and liquidity profile by reducing debt and extending its financial runway. Following these transactions, $135 million of the 2026 convertible notes remain outstanding, demonstrating Luminar’s commitment to strengthening its financial position and supporting its long-term business plan.

The most recent analyst rating on (LAZR) stock is a Sell with a $5.00 price target. To see the full list of analyst forecasts on Luminar Technologies stock, see the LAZR Stock Forecast page.

Luminar Technologies Establishes Series A Preferred Stock

On May 22, 2025, Luminar Technologies filed a Certificate of Designations with the State of Delaware to establish the rights and preferences of its Series A Convertible Preferred Stock, following a securities purchase agreement with institutional investors. The company closed an offering of 35,000 shares of Series A Preferred Stock, generating net proceeds of $33.6 million, and issued additional common stock as a commitment fee, under a registration statement declared effective by the SEC.

The most recent analyst rating on (LAZR) stock is a Sell with a $18.00 price target. To see the full list of analyst forecasts on Luminar Technologies stock, see the LAZR Stock Forecast page.

Luminar Technologies Secures $200M Capital Commitment

On May 19, 2025, Luminar Technologies entered into a securities purchase agreement with institutional investors to issue up to 200,000 shares of Series A Convertible Preferred Stock, with an initial offering of 35,000 shares expected to close on May 22, 2025. This agreement, which includes a $200 million capital commitment, aims to strengthen Luminar’s balance sheet and liquidity, providing financial flexibility for corporate purposes and debt retirement. The convertible preferred stock will be issued in tranches over 18 months, subject to certain conditions, and is expected to bolster Luminar’s industry positioning by enhancing its financial stability.

The most recent analyst rating on (LAZR) stock is a Sell with a $18.00 price target. To see the full list of analyst forecasts on Luminar Technologies stock, see the LAZR Stock Forecast page.

Luminar Technologies Announces New CEO Appointment

On May 14, 2025, Luminar Technologies announced a leadership transition following the resignation of Austin Russell as CEO and Chairperson of the Board due to a Code of Business Conduct and Ethics inquiry. Paul Ricci, a seasoned executive with a strong background in technology and leadership, will assume the role of CEO effective May 21, 2025. Ricci’s appointment is expected to drive Luminar’s next chapter of growth, leveraging his experience in transforming Nuance into a leading provider of AI solutions. The transition is not expected to impact Luminar’s financial results, and Russell will remain on the Board to assist with the transition.

The most recent analyst rating on (LAZR) stock is a Sell with a $18.00 price target. To see the full list of analyst forecasts on Luminar Technologies stock, see the LAZR Stock Forecast page.

Luminar Technologies Director Resigns Amid Audit Inquiry

On May 14, 2025, Jun Hong Heng, a director at Luminar Technologies, resigned following an inquiry by the Audit Committee. His resignation was not due to any disagreements with the company’s operations, policies, or practices.

The most recent analyst rating on (LAZR) stock is a Sell with a $18.00 price target. To see the full list of analyst forecasts on Luminar Technologies stock, see the LAZR Stock Forecast page.

Luminar Technologies Reduces Debt with Note Exchange

On March 23, 2025, Luminar Technologies entered into private exchange agreements with certain holders of its 1.25% Convertible Senior Notes due 2026, exchanging $18.2 million of these notes for newly issued Class A common stock and, in some cases, cash for accrued interest. These transactions, which are expected to settle in four daily tranches starting March 25, 2025, will not generate cash proceeds for the company but will reduce its outstanding notes to $184.9 million, potentially impacting its financial structure and market positioning.