Overview
Luminar Q3 revenue up 21% yr/yr, beating analyst expectations
Adjusted EPS for Q3 beats analyst expectations
Luminar is exploring strategic alternatives to improve capital structure and liquidity
Outlook
Luminar has suspended its fiscal year 2025 guidance
Result Drivers
REVENUE GROWTH - Q3 revenue increased by 21% year-over-year, driven by advancements in off-road, defense, and photonics sectors
CAPITAL STRUCTURE - Company is evaluating strategic alternatives to improve capital structure and liquidity, including potential sales or restructuring
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $18.75 mln | $18.07 mln (3 Analysts) |
Q3 Adjusted EPS | Beat | -$0.94 | -$1.03 (3 Analysts) |
Q3 Net Income | -$85.85 mln | ||
Q3 Operating Expenses | $66.58 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy."
Wall Street's median 12-month price target for Luminar Technologies Inc is $3.50, about 66.9% above its November 12 closing price of $1.16
Press Release: ID:nBw6xvqGva
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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