Welcome to our dedicated page for VLDR news (Ticker: VLDR), a resource for investors and traders seeking the latest updates and insights on VLDR stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect VLDR's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of VLDR's position in the market.
David Hall, holder of 52.2% of Velodyne Lidar's shares, has nominated Eric Singer for the Board, expressing concerns over the Board and CEO Anand Gopalan's performance. Hall criticizes the current Board for anti-stockholder actions, lack of strategic focus, and poor financial performance, including a 35% decline in product revenues. He claims executive compensation is prioritized over necessary R&D investments and highlights a worrying trend of departing key personnel. Hall asserts stockholders deserve better governance and accountability, advocating for a management refresh to enhance future growth.
Velodyne Lidar (Nasdaq: VLDR, VLDRW) CEO Anand Gopalan will speak at the Smart Infrastructure & Energy Week online event on May 25, 2021. His discussion will focus on the convergence of connected and autonomous vehicles, highlighting how lidar technology can enhance sustainable transportation solutions. The event aims to promote intelligent transport systems and clean energy, featuring a panel with experts from various sectors. Velodyne recently introduced its Intelligent Infrastructure Solution, merging lidar sensors with AI to improve traffic monitoring and safety.
Velodyne Lidar, Inc. (NASDAQ: VLDR) reported first-quarter 2021 revenue of $17.7 million, slightly down from $17.8 million in Q4 2020. The company shipped 2,684 sensor units, with a notable focus on multi-year agreements, expected to increase from 29 to 34 by year-end. Cash and short-term investments totaled $383.6 million. The full-year revenue guidance ranges from $77 million to $94 million. Despite challenges from COVID-19, the project pipeline grew to 198 projects, signaling potential long-term growth in the lidar market.
Velodyne Lidar launched its Intelligent Infrastructure Solution, integrating award-winning lidar sensors with Bluecity's AI software for real-time monitoring of traffic networks. Deployed in multiple North American cities, the solution enhances safety, efficiency, and sustainability by analyzing traffic and crowd flow. Velodyne entered a sales agreement with Rutgers CAIT for installations in New Jersey as part of a smart mobility project. The cost-effective solution surpasses traditional methods, predicting safety challenges and improving urban planning.
Velodyne Lidar, Inc. (NASDAQ: VLDR, VLDRW) will participate in three upcoming conferences where CEO Dr. Anand Gopalan and CFO Drew Hamer will present and hold investor meetings.
The events include:
- Oppenheimer 6th Annual Emerging Growth Conference on May 11, 2021.
- Citi: Car of the Future Virtual Symposium on May 12, 2021, with a group presentation at 12:30 PM ET.
A live and archived audio webcast of the presentation will be available on Velodyne’s investor relations website.
Velodyne Lidar (Nasdaq: VLDR) has been chosen as the exclusive lidar supplier for Faraday Future's FF 91 electric vehicle. The Velarray H800 lidar sensors will enhance the vehicle's autonomous driving features, ensuring safety and convenience. This partnership is a significant step for Velodyne, as it supports Faraday Future's ambition to redefine mobility through advanced technology. The FF 91 is expected to launch within 12 months following Faraday's merger with Property Solutions Acquisition Corp.
Velodyne Lidar, Inc. (NASDAQ: VLDR, VLDRW) will report its first quarter financial results for the period ended March 31, 2021, on May 10, 2021, after market close. A conference call and webcast will follow at 1:30 p.m. PT (4:30 p.m. ET) to discuss these results. The live call can be accessed at 866-777-2509, and the webcast will be available on the company's Investor Relations page. Velodyne is known for its innovative lidar technologies that cater to various industries, including autonomous vehicles and smart cities.
Velodyne Lidar, Inc. (Nasdaq: VLDR) has announced a multi-year sales agreement with Gatik, a leader in automating middle mile logistics. Gatik will utilize Velodyne's Alpha Prime and Ultra Puck™ lidar sensors for their autonomous delivery vehicles, enhancing safety and efficiency in transporting goods between fulfillment centers and retail locations. This agreement supports Gatik's operations, which include daily autonomous deliveries for Fortune 500 clients like Walmart across North America. The advanced sensors offer reliable navigation even in challenging conditions.
Velodyne Lidar will present at NVIDIA's GPU Technology Conference 2021 on April 10, focusing on using lidar simulation to enhance safety and reliability in advanced driver assistance systems (ADAS) and autonomous vehicles (AV). The session, titled "Lidar-Centric Machine Learning – A Simulator Driven Approach to Model Training, Testing and Validation," will discuss the advantages of lidar simulation for generating realistic datasets, improving model training, and validating solutions in various driving scenarios. Velodyne emphasizes the role of simulation in accelerating development and testing processes.
FAQ
What is the market cap of VLDR (VLDR)?
