Luminar Technologies (LAZR) AI Stock Analysis

• Market Cap: $143.28M
• Dividend Yield: N/A
• Average Volume (3M): 4.07M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.08
• Revenue Growth: -5.22%
• EPS Growth: 84.74%
• Country: US
• Employees: 580
• Sector: Consumer Cyclical
• Sector Strength: 75
• Industry: Auto - Parts
• EPS (TTM): -1.49
• Shares Outstanding: 53,372,513
• 10 Day Avg. Volume: 4,135,038
• 30 Day Avg. Volume: 4,067,431
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 3.53
• Enterprise Value/Revenue: 6.98
• Enterprise Value/Gross Profit: -23.11
• Enterprise Value/Ebitda: -9.48
• 1Y Price Target: $3.67
• Price Target Upside: 59.57% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 5

• Rating: 42 Neutral
• Price Target: $2.50 ▲(8.70% Upside)

Luminar Technologies' overall stock score reflects significant financial challenges, with negative profitability and cash flow issues being the most critical factors. Technical indicators suggest a bearish trend, and valuation metrics are unattractive due to ongoing losses. While recent corporate events and strategic shifts offer some hope for improvement, substantial risks remain.

Positive Factors

Restructuring and cost management

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

Technological advancement

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

Negative Factors

Financial performance

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

Leadership uncertainty

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

Market conditions

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 products and related software solutions to automotive manufacturers and technology companies involved in the development of autonomous vehicles. The company's key revenue streams include direct sales of its LiDAR sensors, software licensing agreements, and long-term contracts with major automotive OEMs (Original Equipment Manufacturers). Significant partnerships with leading car manufacturers, such as Volvo and Daimler, contribute to its earnings by securing multi-year supply agreements and joint development initiatives. Additionally, Luminar is actively pursuing opportunities in adjacent markets, such as robotics and security, which may further diversify its revenue sources.

Luminar Technologies Financial Statement Overview

Summary

Luminar Technologies faces significant financial hurdles with persistent losses, negative equity, and cash flow deficits. These issues raise concerns about long-term sustainability, necessitating strategic improvements in cost management and revenue growth.

Income Statement

Luminar Technologies shows a challenging income statement with persistent negative gross profit margins due to costs exceeding revenues. The net profit margin remains negative, reflecting ongoing losses. Revenue growth is modest, but not sufficient to offset the significant EBIT and EBITDA losses, indicating profitability challenges.

Balance Sheet

The balance sheet of Luminar Technologies presents a concerning picture with a negative stockholders' equity, indicating liabilities exceed assets. The debt-to-equity ratio is not calculable due to negative equity, highlighting financial instability. A low equity ratio further suggests weak financial health, presenting risks of leverage and liquidity issues.

Cash Flow

The cash flow statement shows negative free cash flow, reflecting cash burn beyond operational revenue. Operating cash flow is negative and does not cover net income losses, suggesting cash flow challenges. However, financing activities provide some liquidity, albeit not sustainable long-term without profitability improvements.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	72.50M	75.39M	69.78M	40.70M	31.94M	13.95M
Gross Profit	-21.92M	-25.69M	-72.69M	-60.28M	-14.15M	-11.00M
EBITDA	-53.39M	-242.80M	-551.71M	-443.47M	-239.85M	-364.90M
Net Income	-120.41M	-273.14M	-571.27M	-445.94M	-237.99M	-362.30M
Balance Sheet
Total Assets	265.49M	365.21M	512.37M	687.33M	883.54M	510.35M
Cash, Cash Equivalents and Short-Term Investments	107.63M	182.67M	289.82M	488.87M	792.12M	485.65M
Total Debt	451.66M	534.65M	660.66M	635.13M	619.46M	1.18M
Total Liabilities	513.46M	586.00M	737.12M	713.73M	685.55M	361.61M
Stockholders Equity	-247.97M	-220.79M	-224.75M	-26.41M	197.99M	148.74M
Cash Flow
Free Cash Flow	-219.38M	-281.72M	-269.22M	-226.30M	-154.85M	-77.84M
Operating Cash Flow	-215.65M	-276.63M	-247.30M	-208.23M	-148.42M	-75.64M
Investing Cash Flow	48.37M	42.46M	236.63M	27.99M	-194.19M	-271.79M
Financing Cash Flow	164.09M	178.26M	80.20M	-79.35M	463.59M	529.85M

Luminar Technologies Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.30
• 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 2.3 is below the 20-day moving average (MA) of 2.92, below the 50-day MA of 2.95, and below the 200-day MA of 5.66, indicating a bearish trend. The MACD of -0.16 indicates Positive momentum. The RSI at 36.60 is Neutral, neither overbought nor oversold. The STOCH value of 18.04 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
INVZ	61 Neutral	$298.44M	―	-72.45%	―	17.32%	37.76%
Sector *	61 Neutral	$17.23B	11.51	-5.97%	3.09%	1.47%	-15.79%
LIDR	58 Neutral	$104.65M	―	-222.90%	―	-23.62%	71.09%
HSAI	53 Neutral	$3.16B	―	2.45%	―	23.48%	97.67%
AEVA	44 Neutral	$748.03M	―	-1441.64%	―	111.39%	-74.39%
ECX	44 Neutral	$594.23M	―	102.04%	―	22.15%	16.89%
LAZR	42 Neutral	$143.28M	―	146.24%	―	-5.22%	84.74%

Luminar Technologies Corporate Events

Luminar Technologies Forms Strategic Partnership with TPK Holding

On July 29, 2025, Luminar Technologies entered into a subscription agreement with an affiliate of TPK Holding Co., Ltd., issuing 1,600,000 shares of Class A common stock to the affiliate as payment for services under a contractual arrangement. This transaction was registered with the SEC under the company’s shelf registration statement, indicating a strategic partnership that could enhance Luminar’s operational capabilities and market positioning.

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 Holds Annual Stockholders Meeting

On July 3, 2025, Luminar Technologies held its annual stockholders meeting where several key decisions were made. The stockholders elected three Class II directors, ratified KPMG LLP as the independent accounting firm for 2025, and approved the issuance of Class A common stock and an amendment to increase the share reserve. However, the executive compensation proposal was not approved.

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 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.