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Luminar Technologies, Inc. - $LAZR STOCK NEWS

Welcome to our dedicated page for Luminar Technologies news (Ticker: $LAZR), a resource for investors and traders seeking the latest updates and insights on Luminar Technologies stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Luminar Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Luminar Technologies's position in the market.

News
Rhea-AI Summary
Luminar (LAZR) to showcase new Automatic Emergency Steering capabilities at CES 2024. Founder and CEO Austin Russell will share updates on technology milestones, partner developments, and a unique vehicle collaboration. The outdoor demo area will feature live crash avoidance vehicle demonstrations and autonomous trucks equipped with Luminar LiDAR from Kodiak Robotics and Plus.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.93%
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Rhea-AI Summary
Luminar (Nasdaq: LAZR) to showcase Automatic Emergency Steering capabilities using Iris+ LiDAR at CES 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.68%
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Rhea-AI Summary
Luminar (NASDAQ: LAZR) Successfully Passed Volvo Cars ‘Run at Rate’ Leading up to Start of Production QoQ Free Cash Flow Improvement Demonstrates Inflection Towards Profitability. Luminar provided its quarterly business update and financial results for the third quarter of 2023. The company demonstrated a sharp improvement in both non-GAAP free cash flow and gross margin on its path to profitability. Luminar expects 2023 revenue of around $75 million, or roughly 85% YoY growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.95%
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Rhea-AI Summary
Luminar announces new format for quarterly shareholder letter and intra-quarter updates
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End-of-Day
5.57%
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Rhea-AI Summary
Luminar successfully passes series production 'Run at Rate' test leading up to Volvo EX90 launch
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Rhea-AI Sentiment
End-of-Day
1.18%
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Rhea-AI Summary
Luminar provides quarterly business update and financial results for Q2 2023, on track to meet or beat all 2023 milestones and financial guidance. Q2 revenue up 63% YoY. Luminar exceeds revenue and EPS guidance. $16.2 million in revenue, $141.8 million GAAP net loss, $81.5 million non-GAAP net loss. Maintains strong cash position of $365.8 million. Expects at least 100% revenue growth in 2023. Expects positive gross margin by Q4. Expects to end the year with a balance of over $300 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.41%
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Rhea-AI Summary
Luminar (Nasdaq: LAZR) announces the addition of two key executives, Emily Shanklin and Kevin Hinge. Shanklin, formerly of SpaceX, will lead marketing efforts to democratize next-generation safety and autonomy. Hinge, previously with GoPro, will oversee manufacturing, supply chain, and quality operations to achieve profitability targets.
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5.95%
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Rhea-AI Summary
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1.53%
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6.22%
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AI
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Luminar Technologies, Inc.

Nasdaq:LAZR

LAZR Rankings

LAZR Stock Data

668.36M
311.62M
9.39%
45.24%
19.46%
Auto Parts
Consumer Cyclical
Link
United States of America
ORLANDO

About LAZR

luminar technologies, inc. is producing advanced sensor technologies for the autonomous vehicle industry. luminar is fueled by a group of relentless optimists and fearless problem solvers who tirelessly design, build and deliver the future of lidar. our vision is to make autonomous vehicles safe and ubiquitous.