![]() The company was founded by Austin Russell and Jason Eichenholz in 2012 and is headquartered in Orlando, FL. According to my valuation, the intrinsic value for the stock is 12.07, which is above what the market is valuing the company at the moment. ![]() The Advanced Technologies and Services segment provides semiconductors and related components, as well as design, test, and consulting services to the Autonomy Solutions segment and to various third-party customers, including government agencies and defense contractors, in markets generally unrelated to autonomous vehicles. Luminar Technologies is still a bargain right now. The Autonomy Solutions segment includes the designing, manufacturing, and marketing of lidar sensors catering mainly to the OEMs in the automobile, commercial vehicle, robo-taxi and adjacent industries. It operates through the Autonomy Solutions and Advanced Technologies and Services segments. is an autonomous vehicle sensor and Lidar technology company, which engages in the design, building, and marketing of long-range lidar products that address the requirements of global automotive OEMs and technology companies for autonomous driving. Shares of Luminar are down 74% over the last year.Luminar Technologies, Inc. LAZR Price Action: Luminar shares are down 8% to $4.02 on Friday. The spokesperson told Benzinga Russell has purchased Luminar stock 19 times on the open market since the company went public. The spokesperson also highlighted that Russell has only had “one material sale in the ten years since founding the business, which occurred a year and a half ago.” We are confident in our ability to deliver meaningful revenue in the next few years, and will have more to share in February.” “Both our near-term and our long-term business and revenue is exponentially accelerating. Luminar said the tweets by Citron Research are not correct. “Last year, we acquired one of the HD mapping industry’s best teams with Civil Maps, and publicly announced our entry into 3D maps at CES.” (LAZR) stock, including valuation metrics, financial numbers, share information and more. Detailed statistics for Luminar Technologies, Inc. Luminar also told Benzinga the goal is to leverage its 3D lidar and Luminar-equipped vehicles over the next few years to create “something more comprehensive than has been created” in the automotive mapping sector. Detailed statistics for Luminar Technologies, Inc. “These 3D maps are imperative for the next generation of assisted and autonomous driving technologies, as well as improving vehicle safety.” The company said it would demonstrate the 3D mapping technology at CES. Luminar highlighted its acquisition of Civil Maps, a leader in lidar mapping for automotive. “We expect our revenue to continue to grow exponentially both in 2023 and throughout the decade,” a Luminar spokesperson told Benzinga. Luminar will report its fiscal year 2022 revenue and provide guidance for fiscal 2023 at Luminar Day on Feb. ![]() “The commercial success exceeded Luminar’s goal of 60 percent year-over-year growth in total program wins and exceeded its target of 60 percent year-over-year forward-looking orderbook growth,” the company said. The company said it saw multiple wins in the fourth quarter from automotive OEMs with more cars adding Luminar technology in 2025. “Our big bet on production consumer vehicles and enhancing, nor replacing, the driver is starting to pay off big time.” “2022 marked an inflection point for Luminar, as the first of its kind to move from R&D to production vehicles,” Russell said. Velodyne Lidar VLDR has a market capitalization of $181 million. Innoviz has a market capitalization of $539 million. Luminar’s market capitalization is $1.6 billion at the time of writing. You know what I am saying! I am long Innoviz and short Luminar.” “Look at Luminar’s market cap and compare it to Innoviz’s and Velodyne’s market caps. “No, Google has the best mapping system,” Left said, explaining Citron Research is short shares of Luminar and is long shares of Innoviz Technologies INVZ, a competing lidar company. Left also criticized comments about Luminar’s mapping technology at CES, which he interpreted as claiming the company’s maps are the best in the world. Russell used “jargon and double-speak” while Luminar presented and shared company updates at CES 2023, Left said, adding, “People want to hear about revenues now, not bulls***.” Austin will not see any meaningful revenue in the near future,” Left told Benzinga. “Austin Russell wants investors to be patient for the ‘back half of the decade.’ What? Are you kidding me. Citron asked if this quote brings confidence to investors.īenzinga reached out to Andrew Left for comment on the tweets.
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