![]() reported earnings of -$ 0.21 per share on Aug 8, 2023, while the forecasted EPS was -$ 0.23. beat analysts’ expectations during the last earnings period by -8.70%. However, there can be variations due to various factors, including unexpected events, changes in business circumstances, or other reporting requirements. For example, they might release their quarterly earnings within a few weeks after the end of each quarter. Generally, most companies have a consistent schedule for their earnings releases. earnings date is expected for November 2023. What is the next Luminar Technologies, Inc. LAZR - Free Report) is scheduled to release second-quarter 2023 results on Aug 8 after the closing bell. The timing of earnings releases can vary depending on a company's fiscal year, industry norms, and internal reporting practices. However, companies do not necessarily release their earnings reports at the same time each year. released its most recent earnings reports in August 2023, May 2023, February 2023, November 2022 respectively. It’s another reason why I believe it can take off to new heights in Q4.When does Luminar Technologies, Inc. GAAP and Non-GAAP net loss: Q4 GAAP net loss was 144.8 million, or (0.40) per share Q4 Non-GAAP net loss was 94.9 million, or (0. The analyst cited Aurora’s strong management and growth potential in the self-driving truck market.ĭue to the relatively small market caps of these companies and their ability to stir up hype and FOMO like no other, it’s not surprising that this happened in the case of AUR stock. In July, shares of the stock surged 43.1% in a week following an optimistic analyst report from Canaccord Genuity. Some Wall Street analysts are also very bullish on AUR stock. That gives it a significant head start out of the gate over its many competitors in the space. With most of its pre-launch milestones achieved, Aurora plans to introduce a transformative self-driving subscription service before 2025. Provide free Luminar Technologies (LAZR) earnings announcements and reports, including the companys latest quarterly financial reports, semi-annual reports. Significantly high institutional ownership implies Luminar Technologies' stock price is sensitive to their trading actions A total of 7 investors have a majority stake in the company with 51. Aurora’s system is built to withstand diverse weather conditions, giving it an edge over competitors. Aurora Innovation (AUR)Īurora Innovation (NASDAQ: AUR) is a standout name in the autonomous driving sector. It may also be trading at undervalued levels compared to its upside potential. With these factors considered, LAZR is also one of those autonomous driving stocks that look poised for takeoff next quarter. The company’s stock has grown by 36.4% since the beginning of the year, outpacing the S&P 500‘s gain of 17.7%. Also, over the past year, LAZR exceeded EPS estimates twice and beat revenue estimates three times out of four quarters. Last quarter, LAZR reported a smaller quarterly loss than expected at $0.21 per share compared to the estimated loss of $0.23. In the same quarter last year, Luminar Technologies s earnings per share (EPS) was -0.27. Total Luminar Technologies earnings for the quarter were -141.76 million. The company is investing heavily in research, development and manufacturing to bring its vision to fruition. On Aug 08, 2023, Luminar Technologies ( NASDAQ: LAZR) reported Q2 2023 earnings per share (EPS) of -0.37, up 37.04 year over year. Cash, Cash Equivalents & Marketable Securities were 365.8M as of June 30, 2023. LAZR stock has shown impressive financial growth, with a 63% surge in second-quarter revenues. Luminar Technologies (NASDAQ:LAZR) has a market capitalization of 1.66 billion and generates 40.70 million in revenue each year. Q2 Revenue was 16.2M, exceeding the mid-point of guidance. Luminar Reports Strong Second Quarter 2023 Business Update and. View daily, weekly or monthly format back to when Luminar Technologies, Inc. Luminar Technologies (NASDAQ: LAZR) is a key player in the autonomous driving market, providing lidar systems to leading OEM vehicle manufacturers. Discover historical prices for LAZR stock on Yahoo Finance. Still, the growth of the overall market as well as the automotive industry’s enthusiasm for AMBA stock makes it one of the autonomous driving stocks to buy. The company’s books reflect a GAAP net loss of $35.9M, amounting to $0.91 per share, a considerable increase from the $10.8M loss ($0.29/share) observed in Q1 2023. The GAAP gross margin has slightly tapered off to 60.4%, compared to 62.6% from the same period in the previous year. In the financial update for Q1 2024, the reported revenue stood at $62.1M, marking a significant decline of 31% from Q1 2023. ![]() ![]() It should be noted the AMBA stock had a rough start.
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