Luminar Technologies Inc Stock Price, News & Analysis

Luminar Technologies, Inc. (Nasdaq: LAZR) will release its quarterly business update and third-quarter financials on November 11, 2021, after market close. A video webcast hosted by CEO Austin Russell and CFO Tom Fennimore is scheduled for 2:00 p.m. PT (5:00 p.m. ET) to discuss results and outlook, including a live Q&A session. Luminar, a leader in automotive lidar technology, has formed over 50 partnerships with major automotive OEMs and signed a key production deal with Volvo Cars for autonomous vehicles.

Luminar Technologies (NASDAQ: LAZR) will unveil its Proactive Safety™ system at the IAA Mobility Summit from September 7–12. This new system aims to enhance automotive safety by surpassing traditional ADAS capabilities, enabling proactive collision avoidance. The company also announced two new partnerships with Tier 1 suppliers Webasto and Inalfa, aimed at integrating their lidar technology into consumer vehicles. These initiatives highlight Luminar's commitment to revolutionizing automotive technology and safety.

Luminar Technologies (Nasdaq: LAZR) announced the recruitment of four industry leaders to enhance growth and execution in automotive lidar technology. Sardar Gautham, Munir Hafez, Cheryl Zula, and Alex Vitale bring extensive experience from top companies like Waymo and Aptiv. CEO Austin Russell emphasized their expertise in driving Luminar towards series production, aiming to set new standards for safety and autonomy. Luminar has over 50 industry partners, including major global automakers, and is recognized for its groundbreaking lidar technology.

Luminar Technologies, a leader in automotive lidar technology, reported its quarterly update for Q2 2021 ending June 30, increasing full-year guidance for major commercial wins and revenue. The company highlighted robust partnerships with automotive manufacturers, underscoring a commitment to innovation and market leadership. Key financial metrics indicate a strong pipeline for future growth, with anticipated revenue growth driven by expanding partnerships and product adoption in the automotive sector.

Luminar Technologies, Inc. (Nasdaq: LAZR) has announced the acquisition of OptoGration Inc., its exclusive InGaAs chip design partner. This strategic move secures key supply chain capabilities and integrates advanced technology into Luminar's fifth-generation lidar chip for its Iris sensor. With the ability to produce one million specialized InGaAs chips annually, and potential expansion to ten million, this acquisition bolsters Luminar's production capabilities. The deal is expected to close in Q3, without significantly impacting Luminar's cash position or share count.

Luminar Technologies (Nasdaq: LAZR) will release its second-quarter financial results on August 12, 2021, after market close. CEO Austin Russell and CFO Tom Fennimore will present a business update and discuss outlook during a video webcast at 2:00 p.m. PT. The webcast will also include a live Q&A session for investors. Luminar, a leader in automotive lidar technology, has secured partnerships with major automotive OEMs and signed noteworthy production agreements, including collaborations with Volvo Cars and Daimler Truck AG.

Luminar Technologies (Nasdaq: LAZR) has announced that its lidar technology will be standard in Volvo Cars’ upcoming fully electric flagship vehicle. This collaboration marks a significant step towards enhancing automotive safety, aiming to reduce crashes through advanced perception and autonomous features. The Volvo model, due for unveiling in 2022, will include Luminar's Iris and Sentinel solutions alongside NVIDIA DRIVE Orin™ technology. Over-the-air updates are expected to improve safety features continuously.

Luminar Technologies (Nasdaq: LAZR) launched its Blade concept at its first Studio Day in New York City, revealing a vision for the integration of autonomous technology in vehicles, including robo-taxis and trucks. The press event highlighted the Iris lidar system, set for series production with OEM partners by late 2022. Blade exemplifies a new vehicle architecture, merging design and functionality to enhance safety and autonomy in the automotive sector. Luminar aims to lead the market with its innovative approaches and partnerships with industry leaders like Volvo and Daimler.

On June 15 at 10 am ET, Luminar Technologies (Nasdaq: LAZR) will host Luminar Studio Day, showcasing its Iris autonomous sensing solution. The event, broadcasted live from NYC, marks the start of a coast-to-coast roadshow where attendees can experience Iris technology in a fully integrated vehicle. Luminar aims to enhance safety in autonomy for passenger cars, trucking, and robo-taxis. With over 50 industry partners, including Volvo and Daimler, Luminar is positioned as a leader in autonomous vehicle sensor and software innovation.