Luminar Technologies Inc Stock Price, News & Analysis

Luminar (LAZR) announced significant commercial momentum with new production deals for multiple vehicle models, exceeding 2022 targets. At CES, the Volvo EX90 and SAIC Rising Auto R7 will debut, showcasing Luminar technology. The acquisition of Civil Maps will enhance vehicle safety through new HD 3D mapping software. Luminar achieved all four key milestones for 2022, indicating strong growth potential. The company anticipates further advancements in 2023 as it focuses on transforming the automotive landscape.

Luminar (NASDAQ: LAZR) will host Luminar Day on February 28, 2023 at its headquarters, unveiling its long-term product and technology roadmap. The event targets investors, consumers, and OEM customers, featuring live product demos and discussions on safety and autonomy advancements. Additionally, at the CES Press Conference on January 4, 2023, Luminar will announce its 2022 milestones and a new consumer brand strategy. The event underscores Luminar's commitment to innovation in automotive safety and autonomous capabilities.

Luminar (NASDAQ: LAZR), a leader in automotive technology, will host a press conference at CES 2023 on January 4, 2023, at 2:00 PM PDT in Las Vegas. CEO Austin Russell will unveil plans for advancing safety and autonomous capabilities. The exhibit will also showcase live vehicle demonstrations involving Luminar's lidar-powered Proactive Safety™ system and the debut of the SAIC Rising Auto R7, featuring Luminar's Iris lidar. An exclusive event for investors and press featuring autonomous race cars will take place on January 6.

Luminar (Nasdaq: LAZR) partners with Volvo Cars to launch the all-electric Volvo EX90, marking a significant milestone in automotive technology. Each vehicle will feature Luminar's advanced lidar technology, enabling enhanced safety and autonomous capabilities on highways. This collaboration, rooted in a five-year partnership, aims to revolutionize vehicle safety by integrating life-saving technology as a standard feature, rather than an optional one. This paradigm shift emphasizes prioritizing consumer safety and sets a new industry standard.

Luminar (NASDAQ: LAZR) has achieved a significant milestone with the start of production for SAIC's RISING AUTO, marking a pivotal moment in the transition of autonomous technology from R&D to consumer vehicles. The R7 vehicle will utilize Luminar's lidar technology, enhancing safety and automated driving. In Q3 2022, Luminar reported strong revenue and earnings growth, with an optimistic outlook following major partnerships, including the Polestar 3 and upcoming Volvo EX90. This progress positions Luminar as a key player in the automotive technology industry.

Luminar (NASDAQ: LAZR) will provide its third-quarter 2022 financial update on November 2, 2022, post-market. CEO Austin Russell and CFO Tom Fennimore will host a video webcast at 2:00 p.m. PDT (5:00 p.m. EDT) to discuss results and engage in a live Q&A. Shareholders can submit questions from October 26 to November 1 via an online platform. The event will be streamed live on Luminar’s Investor site, and a replay will be available afterward.

Luminar (NASDAQ: LAZR) reported impressive Q2 2022 results with revenue of $9.9 million, a 57% increase year-over-year. The demand from leading automakers is rising as the company works towards the series production launch of its Iris lidar technology. Luminar is building a new automated facility to accommodate accelerated growth, raising its full-year guidance for major commercial program wins to 60% YoY growth. The company remains on track to achieve its 2022 milestones, including the beta release of its Sentinel software and the launch of Iris by the end of the year.

FreeWire Technologies, a leader in ultrafast electric vehicle charging, has announced the appointment of Alex Fishkin as Chief Legal Officer, Elaine Wu as Vice President of Strategic Sourcing & Logistics, and Mark Marosz as Vice President of Quality & Compliance. These strategic hires come amidst growing demand for EV charging solutions and aim to enhance operations amidst supply chain challenges. FreeWire is also expanding its U.S. operations, driven by the Bipartisan Infrastructure Law, and recently launched a new global headquarters in Newark, CA to accelerate innovation in EV charging.

Luminar (NASDAQ: LAZR) announced the release of its second-quarter 2022 financial results on August 8, 2022, after market close. A video webcast will be held at 2:00 p.m. PT (5:00 p.m. ET) featuring a business update and financial discussion, followed by a Q&A session. Shareholders can submit questions starting July 29 until August 5 via a designated platform. Luminar aims to improve vehicle safety and autonomy through its advanced technology, partnering with major automotive OEMs and tech companies. More details are available on their investor site.