Luminar Technologies (Luminar Technologies) Gross Margin % : -97.54% (As of Dec. 2023)

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What is Luminar Technologies Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Luminar Technologies's Gross Profit for the three months ended in Dec. 2023 was $-21.57 Mil. Luminar Technologies's Revenue for the three months ended in Dec. 2023 was $22.11 Mil. Therefore, Luminar Technologies's Gross Margin % for the quarter that ended in Dec. 2023 was -97.54%.

The historical rank and industry rank for Luminar Technologies's Gross Margin % or its related term are showing as below:

LAZR' s Gross Margin % Range Over the Past 10 Years
Min: -148.13 Med: -78.85 Max: -32.16
Current: -104.17

During the past 5 years, the highest Gross Margin % of Luminar Technologies was -32.16%. The lowest was -148.13%. And the median was -78.85%.

LAZR's Gross Margin % is ranked worse than
98.35% of 1269 companies
in the Vehicles & Parts industry
Industry Median: 19.37 vs LAZR: -104.17

Luminar Technologies had a gross margin of -97.54% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Luminar Technologies was 0.00% per year.

Luminar Technologies Gross Margin % Historical Data

The historical data trend for Luminar Technologies's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Luminar Technologies Gross Margin % Chart

Luminar Technologies Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

-32.16

-78.85

-44.29

-148.13

-104.17

Luminar Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial												-149.20	-100.79	-113.20	-107.08	-97.54

Competitive Comparison of Luminar Technologies's Gross Margin %

For the Auto Parts subindustry, Luminar Technologies's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Luminar Technologies's Gross Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Luminar Technologies's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Luminar Technologies's Gross Margin % falls into.

Luminar Technologies Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Luminar Technologies's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	-72.7	/	69.779
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(69.779 - 142.469)	/	69.779
	=	-104.17 %

Luminar Technologies's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	-21.6	/	22.114
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(22.114 - 43.685)	/	22.114
	=	-97.54 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Luminar Technologies (NAS:LAZR) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Luminar Technologies had a gross margin of -97.54% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Luminar Technologies Gross Margin % Related Terms

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Luminar Technologies (Luminar Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Luminar Technologies Inc (NAS:LAZR) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

LAZR:Mexico 9FS:Germany

Address

2603 Discovery Drive, Suite 100, Orlando, FL, USA, 32826

Website

https://www.luminartech.com

Luminar Technologies Inc is an autonomous vehicle sensor and software company with the vision to make autonomy safe and ubiquitous by delivering lidar and associated software that meets the industry's stringent performance, safety, and economic requirements. It operates its business through the following segment: (1) Autonomy Solutions and (2) Components. The majority of revenue is earned from the Autonomy Solutions segment.

Executives

Thomas Fennimore	officer: Chief Financial Officer	C/O LUMINAR TECHNOLOGIES, INC., 2603 DISCOVERY DRIVE, SUITE 100, ORLANDO FL 32826
Alan Prescott	officer: Chief Legal Officer	C/O LUMINAR TECHNOLOGIES, INC., 2603 DISCOVERY DRIVE, SUITE 100, ORLANDO FL 32826
Austin Russell	director, 10 percent owner, officer: Chairperson, President & CEO	C/O LUMINAR TECHNOLOGIES, INC., 2603 DISCOVERY DRIVE, SUITE 100, ORLANDO FL 32826
Jun Hong Heng	director	C/O CRESCENT COVE ACQUISITION CORP., 530 BUSH STREET, SUITE 703, SAN FRANCISCO CA 94108
Mary Lou Jepsen	director	21557 TELEGRAPH ROAD, SOUTHFIELD MI 48033
Aeg Holdings, Llc	director, 10 percent owner, officer: Chief Executive Officer	6260 LOOKOUT RD., BOULDER CO 80301
Daniel David Tempesta	director	ONE WAYSIDE ROAD, BURLINGTON MA 01803
Katherine A Martin	director	C/O NUANCE COMMUNICATIONS, INC., ONE WAYSIDE ROAD, BURLINGTON MA 01803
Matthew Simoncini	director	21557 TELEGRAPH ROAD, SOUTHFIELD MI 48034
Shaun Maguire	director	C/O LUMINAR TECHNOLOGIES, INC., 2603 DISCOVERY DRIVE, SUITE 100, ORLANDO FL 32826
M. Scott Faris	officer: Chief Business Officer	C/O LUMINAR TECHNOLOGIES, INC., 2603 DISCOVERY DRIVE, SUITE 100, ORLANDO FL 32826
Benjamin John Kortlang	director	2750 SAND HILL ROAD, MENLO PARK CA 94025
Jason Eichenholz	officer: Chief Technology Officer	C/O LUMINAR TECHNOLOGIES, INC., 2603 DISCOVERY DRIVE, SUITE 100, ORLANDO FL 32826
Scott A Mcgregor	director	5300 CALIFORNIA AVENUE, IRVINE CA 92617
Andrew Mcbride	officer: CFO & Secretary	9800 WILSHIRE BLVD., BEVERLY HILLS CA 90212