Luminar Technologies (LAZR) AI Stock Analysis

• Market Cap: $116.21M
• Dividend Yield: N/A
• Average Volume (3M): 4.11M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.06
• Revenue Growth: -5.22%
• EPS Growth: 84.74%
• Country: US
• Employees: 580
• Sector: Consumer Cyclical
• Sector Strength: 83
• Industry: Auto - Parts
• EPS (TTM): -1.49
• Shares Outstanding: 63,891,880
• 10 Day Avg. Volume: 3,308,762
• 30 Day Avg. Volume: 4,107,880
• 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: 4.36
• Enterprise Value/Revenue: 6.98
• Enterprise Value/Gross Profit: -23.11
• Enterprise Value/Ebitda: -9.48
• 1Y Price Target: $2.33
• Price Target Upside: 40.36% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 4

• Rating: 43 Neutral
• Price Target: $2.00 ▲(20.48% Upside)

Luminar Technologies' overall stock score reflects significant financial challenges and bearish technical indicators. The company's negative financial performance is the most significant factor, with ongoing losses and financial instability. While recent corporate events and strategic shifts offer some positive outlook, they are not sufficient to offset the current risks. The stock remains high-risk with potential for volatility.

Positive Factors

Collaboration Benefits

Collaboration with automaker partners is expected to streamline LiDAR development efforts and generate significant cost savings.

Restructuring Actions

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

Technology Position

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 Changes

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

Market Challenges

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 (LAZR) is a publicly traded technology company specializing in advanced sensor technology, primarily focusing on LiDAR (Light Detection and Ranging) systems for automotive applications. Founded in 2012, Luminar is at the forefront of developing high-performance LiDAR sensors and software that enable autonomous vehicles to perceive and understand their surroundings. The company serves various sectors, including automotive, transportation, and security, providing key solutions for both passenger vehicles and commercial fleets.

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 is facing significant financial challenges. The income statement shows negative gross and net profit margins, indicating substantial losses. The balance sheet reveals negative stockholders' equity and a negative debt-to-equity ratio, highlighting financial instability. Cash flow issues persist with negative operating and free cash flows, reflecting poor cash generation capabilities.

Income Statement

Luminar Technologies has faced significant challenges in its income statement. The company has consistently reported negative gross profit margins, indicating that the cost of goods sold exceeds revenue. The net profit margin is also deeply negative, reflecting substantial losses. Revenue growth has been inconsistent, with a notable decline in the TTM period. The EBIT and EBITDA margins are significantly negative, highlighting operational inefficiencies and high costs relative to revenue.

Balance Sheet

The balance sheet reveals a precarious financial position for Luminar Technologies. The company has negative stockholders' equity, indicating liabilities exceed assets, which is a significant risk factor. The debt-to-equity ratio is negative, reflecting this imbalance. Return on equity is volatile and negative, suggesting poor returns on shareholders' investments. The equity ratio is also negative, further emphasizing financial instability.

Cash Flow

The cash flow statement shows persistent negative operating and free cash flows, indicating cash outflows exceed inflows from operations. The free cash flow growth rate is negative, suggesting deteriorating cash generation capabilities. However, the free cash flow to net income ratio is positive, indicating that cash losses are somewhat aligned with accounting losses. The operating cash flow to net income ratio is negative, reflecting challenges in converting accounting profits to cash.

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: 1.66
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• 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 1.66 is below the 20-day moving average (MA) of 2.12, below the 50-day MA of 2.64, and below the 200-day MA of 4.89, indicating a bearish trend. The MACD of -0.32 indicates Positive momentum. The RSI at 28.86 is Positive, neither overbought nor oversold. The STOCH value of 16.67 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
Sector *	61 Neutral	$17.97B	12.87	-5.29%	2.97%	1.26%	-14.45%
LIDR	55 Neutral	$111.84M	―	-222.90%	―	-23.62%	71.09%
INVZ	53 Neutral	$315.22M	―	-72.45%	―	17.32%	37.70%
HSAI	53 Neutral	$3.58B	237.50	2.45%	―	36.76%	―
ECX	45 Neutral	$571.81M	―	102.04%	―	12.52%	22.68%
AEVA	44 Neutral	$745.78M	―	-1441.64%	―	111.39%	-74.39%
LAZR	43 Neutral	$116.21M	―	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.

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.