In the first quarter, Luminar Technologies (LAZR, Financial) reported revenue of $18.9 million, surpassing analysts' predictions of $16.27 million. This performance highlights the company's robust fundamentals as it continues to thrive despite broader market uncertainties.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Luminar Technologies Inc (LAZR, Financial) is $5.13 with a high estimate of $7.00 and a low estimate of $2.00. The average target implies an upside of 7.67% from the current price of $4.76. More detailed estimate data can be found on the Luminar Technologies Inc (LAZR) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, Luminar Technologies Inc's (LAZR, Financial) average brokerage recommendation is currently 3.2, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Luminar Technologies Inc (LAZR, Financial) in one year is $118.84, suggesting a upside of 2396.64% from the current price of $4.76. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Luminar Technologies Inc (LAZR) Summary page.
LAZR Key Business Developments
Release Date: March 20, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Luminar Technologies Inc (LAZR, Financial) reported better-than-expected Q4 revenue of $22.5 million, up 45% quarter over quarter.
- The company achieved significant milestones, including the start of production for Volvo's EX90 and the unveiling of the next-generation LiDAR, Luminar Halo.
- Luminar is transitioning to an asset-light model for industrialization, which is expected to improve cost efficiency.
- The company has secured development contracts for Luminar Halo with two major automakers, indicating strong commercial interest.
- Luminar's restructuring efforts have led to significant cost savings, with non-GAAP operating expenses declining by $72 million on an annualized basis.
Negative Points
- Luminar Technologies Inc (LAZR) expects to be modestly gross margin negative for each quarter in 2025 due to lower sensor sales and tariff headwinds.
- The company anticipates a decline in revenue for Q1 2025, closer to Q3 2024 levels, due to lower sequential sensor sales to non-series production customers.
- Luminar's forward-looking order book for 2024 is lower relative to 2023, attributed to the transition from Iris to Halo.
- The company faces geopolitical risks and potential tariff impacts due to its global supply chain, particularly with products shipped from Mexico to the US.
- Luminar may require approximately $100 million of additional capital to reach profitability beyond 2026, indicating ongoing financial challenges.
