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Luminar Technologies (LAZR)
NASDAQ:LAZR
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$2.22Last Year’s EPS
-$3Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 11, 2024
|% Change Since: -65.36%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Neutral
The call demonstrated significant business achievements, especially with Volvo and technology advancements like Luminar Halo. However, there were challenges in revenue and gross loss due to a slower production ramp and contract renegotiations. Despite these challenges, Luminar's strategic partnerships and cost reductions position the company favorably for future growth.Company Guidance
During Luminar's Q3 2024 earnings call, significant business updates were shared, highlighting various metrics and milestones. The company successfully ramped up Volvo's EX90 deliveries, reaching a four-figure number and progressing towards five figures, while announcing that Volvo will feature Luminar's technology as standard on their next vehicle model. Luminar's next-generation product, Luminar Halo, demonstrated increased performance capabilities with a first Point Cloud generation and is set for a 2026 launch. Financially, Luminar saw over $20 million improvement in free cash flow this quarter, marking the largest in its history, and executed cost-reduction measures aimed at saving $80 million annually. Revenue for the quarter was $15.5 million, down 7% quarter-over-quarter, primarily due to a renegotiated contract. The company ended the quarter with approximately $249 million in cash and liquidity, providing a runway to at least the end of 2026.Volvo Partnership Expansion
Volvo is ramping up the EX90 and has begun global deliveries. Luminar will be featured as standard equipment on the next Volvo model, indicating strong execution and partnership expansion.
New Advanced Development Contract
Luminar signed a new development contract with a Japanese OEM for next-gen assisted driving systems, including paid development for hardware, software, and vehicle integration.
Luminar Halo Progress
Successfully generated the first Point Cloud with Luminar Halo, showcasing increased performance at a reduced cost and size compared to the Iris family, with a launch expected in 2026.
Cost Reduction and Financial Improvement
Achieved over $20 million improvement in free cash flow, the largest in Luminar's history, due to aggressive cost reduction measures.
Insurance Business Advancements
Finalized a partnership with a primary insurance partner and designed the customer experience for an upcoming insurance app, with initial policies expected early next year.
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LAZR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LAZR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | $15.30 | $16.95 | +10.78% |
| Aug 06, 2024 | $21.07 | $13.20 | -37.35% |
| May 07, 2024 | $24.75 | $29.40 | +18.79% |
| Feb 27, 2024 | $37.50 | $35.70 | -4.80% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Luminar Technologies (LAZR) report earnings?
Luminar Technologies (LAZR) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Luminar Technologies (LAZR) earnings time?
Luminar Technologies (LAZR) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LAZR EPS forecast?
LAZR EPS forecast for the fiscal quarter 2024 (Q4) is -$2.22.
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