Luminar Technologies Inc Stock Price, News & Analysis

Luminar Technologies (Nasdaq: LAZR) and Volvo Cars will hold a press conference at CES 2022 in Las Vegas on January 5, 2022, to unveil the Concept Recharge featuring Luminar’s Iris lidar technology. This event marks the North American debut of the full-electric SUV equipped with Luminar's advanced safety technology. The executives will discuss their shared vision for automotive safety and autonomy during the conference.

The event is scheduled for 10:15 AM PST at Luminar's booth #5543. Interested parties are encouraged to secure their spot via email.

Luminar Technologies, Inc. (NASDAQ: LAZR) reported strong third-quarter 2021 results, securing significant partnerships, including a key integration with NVIDIA for its DRIVE Hyperion platform set for 2024 vehicles. The company launched its Proactive Safety software and achieved six commercial wins this year, including partnerships with Embark Trucks and Kodiak Robotics. Notably, Luminar's Iris sensor is moving into series production, supported by established manufacturing partners. The firm met all five company-level milestones for 2021, highlighting its commitment to developing autonomous vehicle technologies.

Luminar Technologies announced its lidar solution will be included in the NVIDIA DRIVE Hyperion platform at the NVIDIA GTC conference. This partnership aims to enhance the development of autonomous vehicles, with production targeted for 2024. The DRIVE Hyperion will utilize Luminar's long-range Iris lidar for Level 3 highway driving, meeting stringent safety and performance standards. Luminar has established partnerships with over 50 industry leaders, including major automakers like Volvo, to advance automotive safety and autonomy.

Embark Trucks and Luminar Technologies have announced a partnership to equip Embark's truck fleet with Luminar's state-of-the-art long-range lidar sensors. This collaboration aims to enhance the safety and performance of Embark's autonomous trucking solutions, targeting a commercial rollout in 2024. The partnership follows Embark's 14,200 non-binding truck reservations and advances its asset-light business model. The shareholder vote on Embark's merger with Northern Genesis Acquisition Corp. II is set for November 9, 2021.

Luminar Technologies, Inc. (NASDAQ: LAZR) announces the appointments of Sameer Ladiwala as Chief Accounting Officer and Debra Poppas as Vice President of Quality. These hires come as the company aims to enhance its automotive safety and autonomy technology and progress towards series production. Ladiwala's experience includes leadership roles in finance at Arm and Cypress Semiconductor, while Poppas has a strong background in quality management at PACCAR and Delphi. The new executives are expected to support Luminar’s growth strategy.

Luminar Technologies, Inc. (Nasdaq: LAZR) will release its quarterly business update and third-quarter financials on November 11, 2021, after market close. A video webcast hosted by CEO Austin Russell and CFO Tom Fennimore is scheduled for 2:00 p.m. PT (5:00 p.m. ET) to discuss results and outlook, including a live Q&A session. Luminar, a leader in automotive lidar technology, has formed over 50 partnerships with major automotive OEMs and signed a key production deal with Volvo Cars for autonomous vehicles.

Luminar Technologies (NASDAQ: LAZR) will unveil its Proactive Safety™ system at the IAA Mobility Summit from September 7–12. This new system aims to enhance automotive safety by surpassing traditional ADAS capabilities, enabling proactive collision avoidance. The company also announced two new partnerships with Tier 1 suppliers Webasto and Inalfa, aimed at integrating their lidar technology into consumer vehicles. These initiatives highlight Luminar's commitment to revolutionizing automotive technology and safety.

Luminar Technologies (Nasdaq: LAZR) announced the recruitment of four industry leaders to enhance growth and execution in automotive lidar technology. Sardar Gautham, Munir Hafez, Cheryl Zula, and Alex Vitale bring extensive experience from top companies like Waymo and Aptiv. CEO Austin Russell emphasized their expertise in driving Luminar towards series production, aiming to set new standards for safety and autonomy. Luminar has over 50 industry partners, including major global automakers, and is recognized for its groundbreaking lidar technology.

Luminar Technologies, a leader in automotive lidar technology, reported its quarterly update for Q2 2021 ending June 30, increasing full-year guidance for major commercial wins and revenue. The company highlighted robust partnerships with automotive manufacturers, underscoring a commitment to innovation and market leadership. Key financial metrics indicate a strong pipeline for future growth, with anticipated revenue growth driven by expanding partnerships and product adoption in the automotive sector.