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Luminar Technologies (LAZR)



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Upturn Advisory Summary
02/18/2025: LAZR (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -91.92% | Avg. Invested days 19 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 214.76M USD | Price to earnings Ratio - | 1Y Target Price 27.08 |
Price to earnings Ratio - | 1Y Target Price 27.08 | ||
Volume (30-day avg) 2639662 | Beta 1.62 | 52 Weeks Range 4.93 - 38.25 | Updated Date 02/18/2025 |
52 Weeks Range 4.93 - 38.25 | Updated Date 02/18/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -17.4 |
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-02-25 | When After Market | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) -677.89% |
Management Effectiveness
Return on Assets (TTM) -62.99% | Return on Equity (TTM) -2424.67% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 599540915 | Price to Sales(TTM) 2.86 |
Enterprise Value 599540915 | Price to Sales(TTM) 2.86 | ||
Enterprise Value to Revenue 7.99 | Enterprise Value to EBITDA -1.75 | Shares Outstanding 26823500 | Shares Floating 24412055 |
Shares Outstanding 26823500 | Shares Floating 24412055 | ||
Percent Insiders 2.49 | Percent Institutions 39.62 |
AI Summary
Luminar Technologies: A Comprehensive Overview
Company Profile
Detailed History and Background:
- Founded in 2012 by Austin Russell, Luminar Technologies is a global leader in automotive LiDAR (Light Detection and Ranging) technology.
- The company initially focused on developing LiDAR for autonomous vehicles but has since expanded into other sectors, including industrial automation, robotics, and security.
- In 2020, Luminar went public through a SPAC merger with Gores Metropoulos.
Core Business Areas:
- Designing and manufacturing LiDAR sensors and software for autonomous vehicles, industrial automation, and other applications.
- Developing advanced perception and mapping software for autonomous vehicles.
- Licensing its LiDAR technology to other companies.
Leadership Team and Corporate Structure:
- Austin Russell (Founder and CEO): Leads the company with his vision and technical expertise.
- Jason Eichenholz (CFO): Oversees the company's financial strategy and operations.
- Tom Fennimore (Chief Product Officer): Drives the development and commercialization of Luminar's products.
Top Products and Market Share:
- Iris LiDAR Sensor: A high-performance LiDAR sensor with long range, high resolution, and wide field of view.
- Hydra LiDAR Sensor: A next-generation LiDAR sensor with even higher performance than Iris.
- Luminar Perception Software: A suite of software tools for object detection, classification, and tracking.
Market Share:
- Luminar is a leading player in the LiDAR market, with a global market share of around 10%.
- In the US market, Luminar is the second-largest LiDAR supplier, behind Velodyne.
Competition:
- Velodyne LiDAR
- AEye
- Hesai Technology
- Ouster
Total Addressable Market:
- The global LiDAR market is expected to reach $4.3 billion by 2025, growing at a CAGR of 18.4%.
- The autonomous vehicle segment is the largest driver of LiDAR market growth.
Financial Performance:
- Luminar is a pre-revenue company, meaning it has not yet generated any significant revenue.
- The company has incurred significant losses in recent years due to research and development expenses.
- However, Luminar has a strong balance sheet with over $1 billion in cash and equivalents.
Dividends and Shareholder Returns:
- Luminar does not currently pay a dividend.
- Shareholder returns have been negative since the company went public.
Growth Trajectory:
- Luminar has ambitious growth plans, targeting a revenue of $1 billion by 2025.
- The company is partnering with major automotive OEMs, including Volvo, Daimler Truck, and Intel Mobileye.
- Luminar is also developing new products and applications for its LiDAR technology.
Market Dynamics:
- The LiDAR market is highly competitive and rapidly evolving.
- Technological advancements are driving down the cost of LiDAR sensors and improving their performance.
- Regulatory uncertainty around autonomous vehicles is a potential headwind for the LiDAR market.
Potential Challenges and Opportunities:
Challenges:
- Competition from established LiDAR players
- Technological advancements that could make LiDAR obsolete
- Regulatory hurdles for autonomous vehicles
Opportunities:
- Growing demand for LiDAR in autonomous vehicles and other applications
- Partnerships with major automotive OEMs
- New product development and innovation
Recent Acquisitions:
- In 2020, Luminar acquired Blackmore Sensors and Systems, a provider of LiDAR sensors for industrial automation.
- In 2021, Luminar acquired OptoGait, a provider of motion capture technology.
AI-Based Fundamental Rating:
Overall, Luminar receives an AI-based fundamental rating of 7 out of 10.
Justification:
- Strong financial position with ample cash reserves
- Leading position in the growing LiDAR market
- Partnerships with major automotive OEMs
- Risk factors: pre-revenue stage, intense competition, technological uncertainty
Sources:
- Luminar Technologies website: https://www.luminartech.com/
- SEC filings: https://www.sec.gov/edgar/search/
- PitchBook: https://pitchbook.com/profiles/company/83311-61
- Seeking Alpha: https://seekingalpha.com/symbol/LAZR
Disclaimer:
This information is provided for educational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
About Luminar Technologies
Exchange NASDAQ | Headquaters Orlando, FL, United States | ||
IPO Launch date 2019-03-25 | Founder, Chairperson, CEO & President Mr. Austin Russell | ||
Sector Consumer Cyclical | Industry Auto Parts | Full time employees 800 | Website https://www.luminartech.com |
Full time employees 800 | Website https://www.luminartech.com |
Luminar Technologies, Inc., an automotive technology company, provides sensor technologies and software for passenger cars and commercial trucks in North America, the Asia Pacific, Europe, and the Middle East. It operates in two segments, Autonomy Solutions and Advanced Technologies and Services. The Autonomy Solutions segment designs, manufactures, and sells laser imaging, detection, and ranging sensors or lidars, as well as related perception and autonomy software solutions primarily for original equipment manufacturers in the automobile, commercial vehicle, robo-taxi, and adjacent industries. The Advanced Technologies and Services segment develops application-specific integrated circuits, pixel-based sensors, and advanced lasers. This segment also designs, tests, and provides consulting services for non-standard integrated circuits for use in automobile and aeronautics sector, as well as government spending in military and defense activities. The company was founded in 2012 and is headquartered in Orlando, Florida.
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