This company has been acquiredThe company may no longer be operating, as it has been acquired. Find out why through their latest events.See Latest EventsVelodyne Lidar（VLDR）株式概要Velodyne Lidar, Inc. provides real-time 3D vision for autonomous systems worldwide. 詳細VLDR ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長2/6過去の実績0/6財務の健全性5/6配当金0/6報酬当社が推定した公正価値より28.7%で取引されている 収益は年間38.99%増加すると予測されています リスク分析過去3か月間に大規模なインサイダー売却が発生 過去1年間で株主の希薄化が進んだ US市場と比較した過去 3 か月間の株価の変動現在は利益が出ておらず、今後3年間で利益が出る見込みはない すべてのリスクチェックを見るVLDR Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueUS$Current PriceUS$1.26該当なし内在価値ディスカウントEst. Revenue$PastFuture-286m233m2016201920222025202620282031Revenue US$232.8mEarnings US$19.8mAdvancedSet Fair ValueView all narrativesVelodyne Lidar, Inc. 競合他社TROOPSSymbol: NasdaqCM:TROOMarket cap: US$481.3mFARO TechnologiesSymbol: NasdaqGS:FAROMarket cap: US$849.7mnLIGHTSymbol: NasdaqGS:LASRMarket cap: US$4.6bIdentivSymbol: NasdaqCM:INVEMarket cap: US$94.1m価格と性能株価の高値、安値、推移の概要Velodyne Lidar過去の株価現在の株価US$1.2652週高値US$4.4452週安値US$0.71ベータ1.451ヶ月の変化24.75%3ヶ月変化21.15%1年変化-70.35%3年間の変化-87.67%5年間の変化n/aIPOからの変化-86.76%最新ニュースBuying Opportunity • Feb 06Now 26% undervaluedOver the last 90 days, the stock is up 54%. The fair value is estimated to be US$1.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 26% over the last 3 years. Earnings per share has declined by 26%. For the next 3 years, revenue is forecast to grow by 39% per annum. Earnings is also forecast to grow by 38% per annum over the same time period.お知らせ • Feb 02Ouster and Velodyne Announce Combined Company Board of Directors in Anticipation of Closing of Merger of EqualsErnest Maddock served as Chief Financial Officer of Micron Technology, Inc. from 2015 until his retirement in 2018. Prior to that, he served as Executive Vice President and Chief Financial Officer of Riverbed Technology, Inc. from 2013 to 2015. From 1997 to 2013, Mr. Maddock served in various roles at Lam Research Corporation, culminating in the position of Chief Financial Officer from 2008 to 2013. Mr. Maddock has served on the boards of directors of Ultra Clean Holdings Inc. since June 2018, Avnet since August 2021 and Terdadyne since November 2022. Mr. Maddock previously served on the Board of Intersil Corporation from 2015 until its acquisition in 2017. Mr. Maddock received a BS in Industrial Management from the Georgia Institute of Technology and an MBA with a specialization in Finance from Georgia State University. Kristin Slaninahas served as a member of Velodyne Lidar’s board of directors since July 2021, and serves on Velodyne’s Audit Committee and Nominating and Corporate Governance Committee. Ms. Slanina is the Chief Innovation Officer at ParkMyFleet, a provider of parking locations and technology solutions for fleet operations, a position she has held since March 2021. Previously, she served as Chief Operating Officer of TrueCar, an automotive pricing and information website for new and used car buyers, from September 2020 to March 2021 where she led the newly formed solutions group and helped the company accelerate into its next phase of growth. Before TrueCar, she was Chief Transformation Officer of Thirdware Consulting, an IT consulting organization, from January 2019 to September 2020, where she led the Emerging Technology group and paved the way for Thirdware’s status as a Tier 1 partner with Ford and other OEMs on vehicle software development, machine learning and blockchain technology. Prior, Ms. Slanina has held roles of increasing responsibility at Ernst & Young, a global professional services firm, and Fiat Chrysler Automobiles, a manufacturer of automobiles, after spending the first 18 years of her career at Ford Motor Company, beginning as a powertrain engineer. Ms. Slanina has served on the Board of Comstock Inc. since May 2022. She holds an M.S. and a B.S. in Mechanical Engineering from Massachusetts Institute of Technology.お知らせ • Jan 25Velodyne Lidar, Inc. Announces Resignation of Michael Dee as Member of the BoardOn January 23, 2023, Michael Dee delivered notice to the board of directors of Velodyne Lidar, Inc. (the Company) of his resignation as a member of the Board, effective immediately. Mr. Dee had resigned as the Chairman and from all committees in July 2022. Mr. Dee has previously criticized the Board and management and voiced his concerns about his considerable differences of opinion with certain Board members and management.Recent Insider Transactions • Dec 26CEO & Director recently sold US$125k worth of stockOn the 22nd of December, Theodore Tewksbury sold around 159k shares on-market at roughly US$0.79 per share. This transaction amounted to 76% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Theodore has been a net seller over the last 12 months, reducing personal holdings by US$141k.Buying Opportunity • Dec 07Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 6.1%. The fair value is estimated to be US$1.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 26% over the last 3 years. Earnings per share has declined by 26%. For the next 3 years, revenue is forecast to grow by 43% per annum. Earnings is also forecast to grow by 38% per annum over the same time period.Major Estimate Revision • Nov 16Consensus estimates of losses per share improve by 19%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from US$39.2m to US$40.1m. EPS estimate increased from -US$0.98 per share to -US$0.80 per share. Electronic industry in the US expected to see average net income growth of 9.8% next year. Consensus price target of US$1.85 unchanged from last update. Share price rose 34% to US$1.14 over the past week.最新情報をもっと見るRecent updatesBuying Opportunity • Feb 06Now 26% undervaluedOver the last 90 days, the stock is up 54%. The fair value is estimated to be US$1.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 26% over the last 3 years. Earnings per share has declined by 26%. For the next 3 years, revenue is forecast to grow by 39% per annum. Earnings is also forecast to grow by 38% per annum over the same time period.お知らせ • Feb 02Ouster and Velodyne Announce Combined Company Board of Directors in Anticipation of Closing of Merger of EqualsErnest Maddock served as Chief Financial Officer of Micron Technology, Inc. from 2015 until his retirement in 2018. Prior to that, he served as Executive Vice President and Chief Financial Officer of Riverbed Technology, Inc. from 2013 to 2015. From 1997 to 2013, Mr. Maddock served in various roles at Lam Research Corporation, culminating in the position of Chief Financial Officer from 2008 to 2013. Mr. Maddock has served on the boards of directors of Ultra Clean Holdings Inc. since June 2018, Avnet since August 2021 and Terdadyne since November 2022. Mr. Maddock previously served on the Board of Intersil Corporation from 2015 until its acquisition in 2017. Mr. Maddock received a BS in Industrial Management from the Georgia Institute of Technology and an MBA with a specialization in Finance from Georgia State University. Kristin Slaninahas served as a member of Velodyne Lidar’s board of directors since July 2021, and serves on Velodyne’s Audit Committee and Nominating and Corporate Governance Committee. Ms. Slanina is the Chief Innovation Officer at ParkMyFleet, a provider of parking locations and technology solutions for fleet operations, a position she has held since March 2021. Previously, she served as Chief Operating Officer of TrueCar, an automotive pricing and information website for new and used car buyers, from September 2020 to March 2021 where she led the newly formed solutions group and helped the company accelerate into its next phase of growth. Before TrueCar, she was Chief Transformation Officer of Thirdware Consulting, an IT consulting organization, from January 2019 to September 2020, where she led the Emerging Technology group and paved the way for Thirdware’s status as a Tier 1 partner with Ford and other OEMs on vehicle software development, machine learning and blockchain technology. Prior, Ms. Slanina has held roles of increasing responsibility at Ernst & Young, a global professional services firm, and Fiat Chrysler Automobiles, a manufacturer of automobiles, after spending the first 18 years of her career at Ford Motor Company, beginning as a powertrain engineer. Ms. Slanina has served on the Board of Comstock Inc. since May 2022. She holds an M.S. and a B.S. in Mechanical Engineering from Massachusetts Institute of Technology.お知らせ • Jan 25Velodyne Lidar, Inc. Announces Resignation of Michael Dee as Member of the BoardOn January 23, 2023, Michael Dee delivered notice to the board of directors of Velodyne Lidar, Inc. (the Company) of his resignation as a member of the Board, effective immediately. Mr. Dee had resigned as the Chairman and from all committees in July 2022. Mr. Dee has previously criticized the Board and management and voiced his concerns about his considerable differences of opinion with certain Board members and management.Recent Insider Transactions • Dec 26CEO & Director recently sold US$125k worth of stockOn the 22nd of December, Theodore Tewksbury sold around 159k shares on-market at roughly US$0.79 per share. This transaction amounted to 76% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Theodore has been a net seller over the last 12 months, reducing personal holdings by US$141k.Buying Opportunity • Dec 07Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 6.1%. The fair value is estimated to be US$1.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 26% over the last 3 years. Earnings per share has declined by 26%. For the next 3 years, revenue is forecast to grow by 43% per annum. Earnings is also forecast to grow by 38% per annum over the same time period.Major Estimate Revision • Nov 16Consensus estimates of losses per share improve by 19%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from US$39.2m to US$40.1m. EPS estimate increased from -US$0.98 per share to -US$0.80 per share. Electronic industry in the US expected to see average net income growth of 9.8% next year. Consensus price target of US$1.85 unchanged from last update. Share price rose 34% to US$1.14 over the past week.Board Change • Nov 16High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Independent Director Michael Dee is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Nov 10Third quarter 2022 earnings: EPS exceeds analyst expectationsThird quarter 2022 results: US$0.20 loss per share (improved from US$0.28 loss in 3Q 2021). Revenue: US$9.64m (down 26% from 3Q 2021). Net loss: US$41.6m (loss narrowed 24% from 3Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 29%. Revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has fallen by 57% per year, which means it is performing significantly worse than earnings.Price Target Changed • Nov 03Price target increased to US$4.43Up from US$3.62, the current price target is an average from 6 analysts. New target price is 384% above last closing price of US$0.91. Stock is down 86% over the past year. The company is forecast to post a net loss per share of US$0.98 next year compared to a net loss per share of US$1.09 last year.Seeking Alpha • Oct 18Velodyne Lidar signs multi-year agreement with VisimindVelodyne Lidar (NASDAQ:VLDR) shares gained ~2% Tuesday morning after the lidar technology company signed a multi-year agreement with Swedish company Visimind Group to offer integrated solutions to customers in the EMEIA region. The partnership will provide mapping and vegetation management, powered by Velodyne’s lidar technology. This agreement further strengthens the long-standing partnership between Visimind and Velodyne Lidar (VLDR), including a three-year supply deal for Puck and Ultra Puck lidar sensors, with shipping already underway.Price Target Changed • Oct 12Price target increased to US$4.04Up from US$3.43, the current price target is an average from 6 analysts. New target price is 355% above last closing price of US$0.89. Stock is down 86% over the past year. The company is forecast to post a net loss per share of US$0.98 next year compared to a net loss per share of US$1.09 last year.Seeking Alpha • Sep 09Velodyne Lidar: Not So HorribleSummary Velodyne Lidar continues to report far better results than inherent in the $1 stock price. The Lidar sensor supplier has a large order book with up to 40 multi-year agreements in place, but the company no longer provides the estimates. The stock is too cheap with a market cap of only $250 million. Velodyne Lidar (VLDR) has had a horrible couple of years or so since going public via a SPAC. The Lidar sensor company has changed the CEO and seen the founding shareholder unload his stock at prices below $1.50, yet the Lidar sensor business could still bloom. My investment thesis remains Bullish on the stock, but investors need high levels of risk tolerance to remain invested here. Limited Projections With Ted Tewksbury taking over the company at the end of last year, Velodyne Lidar quit providing financial projections of the business beyond the next quarter. The company regularly had high financial targets for a few years out and the current lack of details on customer agreements is a prime reason the stock is down to $1 with a market cap of only $250 million. When the new CEO took over, Velodyne provided a list of 35 signed multi-year contracts and a pipeline with over 220 deals in the works. Mr. Tewksbury last said the company would start providing updated info by Q1'22 and the lack of such information is now hurting the stock despite clear progress with additional deals signed since the last disclosure for November 1. In addition, smaller industrial and robotic deals aren't always multi-year agreements making an order book comparison to automotive less meaningful. The founding CEO selling his shares hasn't helped one bit. The market no longer has confidence in Velodyne Lidar despite the ongoing progression with additional business in the industrial and robotic segment along with under the radar work with autonomous vehicles and robotaxi providers. For Q2, the company reported billings (adjusted revenues) of $12.5 million, up sequentially from $11.5 million in the prior quarter. Velodyne Lidar guided to Q3 revenues for $10 to $12 million with billings held back by ongoing supply chain issues. On the Q2'22 earnings call, the CEO let this statement slip indicating a much stronger future than predicted by some mundane figures otherwise provided by the company: Again, the strength is coming from industrial and robotics as well as the intelligent infrastructure with continuing contributions from AVs. And yes, let me just emphasize that we're going into Q3 with enormous demand and enormous backlog. And the only thing that's holding revenue growth back right now is supply. And as I explained earlier, we are well underway in redesigning our Pucks to use new FPGAs, which we expect to get us out of this company specific supply constrained by the end of the year. While founder David Hall clearly isn't happy with Velodyne Lidar, the company still has an important position in the Lidar market with a huge customer backlog mostly unaltered from prior large projections. The company no longer announces the backlog figures, but the Lidar sensor firm clearly has a deal with Amazon (AMZN) and signed contracts with Baidu (BIDU) in the past. Velodyne Lidar doesn't discuss the firms working with test Lidar sensors from the company, but half of the revenues from Q2 were related to the AV segment. The automotive segment is where companies such as Luminar Tech. (LAZR) and Innoviz Tech. (INVZ) report massive backlogs, yet Velodyne is selling vastly more amounts of sensors into those segments now. After all, Innoviz Tech. only reported Q2 revenues of $1.8 million versus a backlog of $6+ billion. In essence, Velodyne Lidar reported over 3x the revenues of Innoviz from the automotive sector, yet Velodyne isn't viewed as a leader in the sector. Even more intriguing is the concept of Velodyne Lidar producing the necessary costing Lidar sensor to supply the AV market at a price point below $500. Per the CEO on the Q2'22 earnings call: With respect to passenger vehicles, as we've talked about in past calls, our discussions with OEMs and Tier 1's in the automotive industry and we've talked to all of them. The feedback has been loud and clear that prices have to come down below $500, preferably in the $300 to $400 range. And we have designs in progress right now that we expect to be ready for production when those markets materialize, which is probably still two or three years away. A one million unit annual deal quickly becomes a $500 million sales opportunity and a backlog of $2+ billion based on typical deals over 4 to 5 years. Big Market The company continues to promote large gains in Lidar markets with the market size reaching $5.7 billion by 2026. A lot of the existing market isn't even controlled by the public Lidar companies where total revenues are only around $100 million while the total revenues are already approaching $3 billion now.分析記事 • Sep 02At US$1.18, Is It Time To Put Velodyne Lidar, Inc. (NASDAQ:VLDR) On Your Watch List?Velodyne Lidar, Inc. ( NASDAQ:VLDR ), might not be a large cap stock, but it saw a significant share price rise of over...Reported Earnings • Aug 09Second quarter 2022 earnings: EPS exceeds analyst expectationsSecond quarter 2022 results: US$0.22 loss per share (up from US$0.41 loss in 2Q 2021). Revenue: US$11.5m (down 15% from 2Q 2021). Net loss: US$44.3m (loss narrowed 44% from 2Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%. Over the next year, revenue is forecast to grow 19%, compared to a 10% growth forecast for the industry in the US.Seeking Alpha • Jun 30Velodyne Lidar: Drama Hasn't Helped StockFormer CEO David Hall continues to unload shares no matter the stock price pressuring the stock lower. The Lidar sensor company reported a far better Q1'22 than viewed via the headlines. The stock now trades below cash with sector-leading bookings forecasts at ~$13 million in Q2'22. From patent lawsuits to a high profile fight with the founder, Velodyne Lidar (VLDR) has seen nothing but drama since going public. The stock couldn't even stay green after announcing a new multi-year agreement with Boston Dynamics. My investment thesis remains Bullish on the stock with this focus on non-automotive Lidar contracts. Not A Complete Disaster Just this week, founding CEO David Hall sold another 1.5 million shares for $1.85 million. Mr. Hall has regularly sold shares this year after disagreements with other executives led to his departure. The founder selling shares so aggressively has now pushed the stock down all the way to $1. Source: FINVIZ Even though the company hired Dr. Ted Tewksbury as the new CEO, Mr. Hall still doesn't appear happy with Velodyne Lidar. The new CEO is making good progress and building up the business functions outside of a firm solely focused on engineering. For Q1'22, the company reported bookings of $11.5 million. The reported revenue figure was only $6.2 million due to an adjustment related to the Amazon (AMZN) warrant agreement. Velodyne Lidar plans to use this bookings number as the sales figure going forward. The company sold 2,350 sensor units compared to 2,684 units last Q1, but the amount was highly impacted by supply chain constraints. Velodyne Lidar ended up hiking ASPs by 48% to account for the higher costs of supplies and the lower inventory. Either way, the picture of the quarterly report was far better than market views. The company now has a substantial amount of the product manufacturing in Thailand and only lacks FPGAs in order to boost sales focused on the industrial and robotic spaces. The reported numbers appear a far more disaster than the reality, as the $6.2 million reported figure painted a dire picture for a company leading the Lidar industry in sales after all of the SPAC deals closed. Velodyne Lidar guided to Q2'22 bookings of $12.0 to $14.0 million for a sequential increase of $0.5 to $2.5 million. The company is now using the bookings metric to better reflect the actual sales during the period due to the Amazon warrant accounting impact. For perspective, industry valuation leader Luminar Technologies (LAZR) only reported Q1'22 revenue of $6.9 million. Velodyne Lidar has a sales book of about double the company with a $2.5 billion market cap. Big Picture The weak quarterly revenues and drama with the founding CEO left investors with the view of a company falling apart. At the end of Q1, Velodyne Lidar still has more revenue than most of the Lidar sensor companies that went public combined. The company just announced a multi-year deal with Boston Dynamics and generated about a third of revenues from automotive deals with the likes of Motional. Velodyne Lidar doesn't get the same attention as other companies due to the lack of focus on automotive sectors with large announced deals on future orders. The new CEO stripped out the previous presentation highlighting a strong order book and backlog leading to more negative investor sentiment that these deals disappeared. In reality, Velodyne Lidar continues to build on this previous customer and project base. The most recent numbers had the company with an order backlog of up to $800 million through 2025 based on 35+ signed and awarded multi-year deals. Velodyne Lidar was forecast to reach $400+ million in revenues by that year based on a project pipeline of 220 deals and $4.2 billion of potential orders. A lot in the industry have pushed out revenue estimates as Covid and now recession fears have delayed projects. As the new CEO discussed, the original projections provided competitors with too much detail on major contracts while the numbers didn't accurately reflect actual contracted orders.Recent Insider Transactions • Jun 11Insider recently sold US$761k worth of stockOn the 9th of June, David Hall sold around 500k shares on-market at roughly US$1.52 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$107m more than they bought in the last 12 months.Major Estimate Revision • May 14Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$60.7m to US$48.7m. EPS estimate unchanged from -US$1.05 per share at last update. Electronic industry in the US expected to see average net income growth of 13% next year. Consensus price target down from US$4.49 to US$3.50. Share price rose 2.8% to US$1.82 over the past week.Recent Insider Transactions • May 11Independent Director recently bought US$65k worth of stockOn the 10th of May, Virginia Boulet bought around 40k shares on-market at roughly US$1.63 per share. In the last 3 months, they made an even bigger purchase worth US$109k. Despite this recent purchase, insiders have collectively sold US$171m more in shares than they bought in the last 12 months.分析記事 • May 09Newsflash: Velodyne Lidar, Inc. (NASDAQ:VLDR) Analysts Have Been Trimming Their Revenue ForecastsToday is shaping up negative for Velodyne Lidar, Inc. ( NASDAQ:VLDR ) shareholders, with the analysts delivering a...Reported Earnings • May 06First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: US$0.25 loss per share (down from US$0.22 loss in 1Q 2021). Revenue: US$6.18m (down 65% from 1Q 2021). Net loss: US$49.1m (loss widened 20% from 1Q 2021). Revenue missed analyst estimates by 39%. Earnings per share (EPS) also missed analyst estimates by 2.7%. Over the next year, revenue is forecast to grow 47%, compared to a 11% growth forecast for the industry in the US.Board Change • Apr 27High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Chairman of the Board Michael Dee is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Seeking Alpha • Apr 10Velodyne Lidar: A Two Buck Soap OperaToday, we post our first research on a lidar sensor maker named Velodyne Lidar. The company has big growth plans, but litigation involving its founder has been a major headwind for this small cap concern. A full investment analysis follows in the paragraphs below.Major Estimate Revision • Apr 08Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$50.5m to US$60.7m. EPS estimate unchanged from -US$0.95 at last update. Electronic industry in the US expected to see average net income growth of 12% next year. Consensus price target down from US$4.74 to US$4.49. Share price fell 13% to US$2.18 over the past week.Price Target Changed • Apr 06Price target decreased to US$4.49Down from US$4.99, the current price target is an average from 7 analysts. New target price is 93% above last closing price of US$2.32. Stock is down 83% over the past year. The company is forecast to post a net loss per share of US$0.95 next year compared to a net loss per share of US$1.09 last year.Recent Insider Transactions Derivative • Mar 13Chief Product Officer exercised options and sold US$51k worth of stockOn the 10th of March, Sinclair Vass exercised options to acquire 25k shares at no cost and sold these for an average price of US$2.06 per share. This trade did not impact their existing holding. Since March 2021, Sinclair's direct individual holding has increased from 236.00 shares to 4.97k. Company insiders have collectively sold US$153m more than they bought, via options and on-market transactions in the last 12 months.Major Estimate Revision • Mar 08Consensus revenue estimates fall by 51%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from US$103.9m to US$50.5m. Forecast losses increased from -US$0.87 to -US$0.95 per share. Electronic industry in the US expected to see average net income growth of 12% next year. Consensus price target down from US$7.38 to US$4.99. Share price fell 40% to US$2.20 over the past week.Recent Insider Transactions • Mar 06Insider recently sold US$26m worth of stockOn the 4th of March, David Hall sold around 10m shares on-market at roughly US$2.55 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$105m more than they bought in the last 12 months.Reported Earnings • Mar 03Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: US$1.09 loss per share (down from US$1.01 loss in FY 2020). Revenue: US$61.9m (down 35% from FY 2020). Net loss: US$212.2m (loss widened 42% from FY 2020). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 4.1%. Over the next year, revenue is expected to shrink by 22% compared to a 15% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.分析記事 • Mar 02Newsflash: Velodyne Lidar, Inc. (NASDAQ:VLDR) Analysts Have Been Trimming Their Revenue ForecastsOne thing we could say about the analysts on Velodyne Lidar, Inc. ( NASDAQ:VLDR ) - they aren't optimistic, having just...Price Target Changed • Mar 02Price target decreased to US$7.00Down from US$7.88, the current price target is an average from 8 analysts. New target price is 95% above last closing price of US$3.59. Stock is down 78% over the past year.Seeking Alpha • Jan 25Velodyne Lidar: Beaten To A PulpVelodyne Lidar has fallen all the way to $3 despite the company building a strong pipeline. The Lidar sensor space remains on a path for a huge sales ramp over the next few years. The stock only trades at ~1.5x more conservative '24 sales targets.Price Target Changed • Jan 25Price target decreased to US$7.88Down from US$8.56, the current price target is an average from 8 analysts. New target price is 121% above last closing price of US$3.56. Stock is down 85% over the past year. The company is forecast to post a net loss per share of US$1.14 next year compared to a net loss per share of US$1.01 last year.Reported Earnings • Nov 07Third quarter 2021 earnings released: US$0.28 loss per share (vs US$0.038 loss in 3Q 2020)The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: US$13.1m (down 59% from 3Q 2020). Net loss: US$54.7m (loss widened US$49.4m from 3Q 2020).Price Target Changed • Nov 06Price target decreased to US$11.13Down from US$12.63, the current price target is an average from 8 analysts. New target price is 75% above last closing price of US$6.35. Stock is down 54% over the past year. The company is forecast to post a net loss per share of US$1.00 next year compared to a net loss per share of US$1.01 last year.Seeking Alpha • Nov 05Velodyne Will Look To Turnaround In 2022 With New CEOVelodyne has struggled with production of late and the stock has ultimately faltered nearing 52-week lows. A new CEO will look to turn around production woes and the stock is as cheap as ever offering the potential to double over the long term if revenue growth can rebound. Support near the mid $5 range and a discounted valuation to peers give the impression that downside could be limited making VLDR an enticing opportunity for patient investors.Recent Insider Transactions • Aug 14Chief Technology Officer recently sold US$836k worth of stockOn the 12th of August, Mathew Rekow sold around 106k shares on-market at roughly US$7.86 per share. In the last 3 months, there was an even bigger sale from another insider worth US$25m. Insiders have been net sellers, collectively disposing of US$79m more than they bought in the last 12 months.Seeking Alpha • Aug 10Velodyne: First Mover Strength But Needs To Master ProductionVelodyne has pioneer status in developing LiDAR for vehicle safety and other purposes. However, this remains a highly competitive industry, with COVID impacting both the supply chain and sales. Despite being able to produce and sell more LiDAR sensors in the second quarter on a sequential basis, overall sales are still trailing 2020 figures. Also, gross margins are on the low side due to the production process not being optimized, with changes being brought by the new COO to address the issue. With its lower valuations and significant market potential relative to competitors, Velodyne should be on investors' watch-lists.分析記事 • Aug 09Earnings Update: Velodyne Lidar, Inc. (NASDAQ:VLDR) Just Reported And Analysts Are Trimming Their ForecastsIt's shaping up to be a tough period for Velodyne Lidar, Inc. ( NASDAQ:VLDR ), which a week ago released some...Reported Earnings • Aug 06Second quarter 2021 earnings released: US$0.42 loss per share (vs US$0.28 loss in 2Q 2020)The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: US$13.6m (down 52% from 2Q 2020). Net loss: US$80.7m (loss widened US$71.0m from 2Q 2020).Recent Insider Transactions Derivative • Jul 20President & CEO exercised options and sold US$277k worth of stockOn the 15th of July, Anand Gopalan exercised options to acquire 30k shares at no cost and sold these for an average price of US$9.23 per share. This trade did not impact their existing holding. For the year to December 2020, Anand's total compensation was 2% salary and 98% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Anand now holds 383.78k shares directly in their own name. Company insiders have collectively sold US$79m more than they bought, via options and on-market transactions in the last 12 months.Executive Departure • Jun 15Independent Director Barbara Samardzich has left the companyOn the 10th of June, Barbara Samardzich's tenure as Independent Director ended after 4.7 years in the role. As of March 2021, Barbara still personally held 102.82k shares (US$1.2m worth at the time). A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 1.42 years, which is considered inexperienced in the Simply Wall St Risk Model.Recent Insider Transactions Derivative • Jun 14President & CEO exercised options and sold US$131k worth of stockOn the 10th of June, Anand Gopalan exercised options to acquire 12k shares at no cost and sold these for an average price of US$11.38 per share. This trade did not impact their existing holding. For the year to December 2020, Anand's total compensation was 2% salary and 98% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Anand now holds 372.37k shares directly in their own name. Company insiders have collectively sold US$79m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • May 29Chief Strategy Officer recently sold US$25m worth of stockOn the 25th of May, Joseph Jellen sold around 2m shares on-market at roughly US$10.25 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$46m more than they bought in the last 12 months.Recent Insider Transactions • May 26Chief Strategy Officer recently sold US$25m worth of stockOn the 25th of May, Joseph Jellen sold around 2m shares on-market at roughly US$10.25 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$46m more than they bought in the last 12 months.Recent Insider Transactions • May 18President recently sold US$4.3m worth of stockOn the 13th of May, Anand Gopalan sold around 441k shares on-market at roughly US$9.85 per share. In the last 3 months, they made an even bigger sale worth US$8.4m. Anand has been a seller over the last 12 months, reducing personal holdings by US$13m.Major Estimate Revision • May 18Consensus EPS estimates fall to -US$0.89The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from US$93.8m to US$85.7m. Losses expected to increase from -US$0.72 to -US$0.89. Electronic industry in the US expected to see average net income growth of 32% next year. Consensus price target down from US$19.44 to US$18.33. Share price fell 7.2% to US$10.56 over the past week.Recent Insider Transactions Derivative • May 16President notifies of intention to sell stockAnand Gopalan intends to sell 441k shares in the next 90 days after lodging an Intent To Sell Form on the 13th of May. If the sale is conducted around the recent share price of US$10.25, it would amount to US$4.5m. For the year to December 2020, Anand's total compensation was 2% salary and 98% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Anand now holds 745.67k shares directly in their own name. Company insiders have collectively sold US$14m more than they bought, via options and on-market transactions in the last 12 months.Breakeven Date Change • May 16Forecast to breakeven in 2024The 8 analysts covering Velodyne Lidar expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$9.93m in 2024. Average annual earnings growth of 53% is required to achieve expected profit on schedule.Reported Earnings • May 12First quarter 2021 earnings released: US$0.22 loss per share (vs US$0.68 loss in 1Q 2020)The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: US$17.7m (up 4.1% from 1Q 2020). Net loss: US$40.8m (loss widened 75% from 1Q 2020).株主還元VLDRUS ElectronicUS 市場7D-8.7%7.1%1.3%1Y-70.4%98.9%27.7%株主還元を見る業界別リターン: VLDR過去 1 年間で98.9 % の収益を上げたUS Electronic業界を下回りました。リターン対市場: VLDRは、過去 1 年間で27.7 % のリターンを上げたUS市場を下回りました。価格変動Is VLDR's price volatile compared to industry and market?VLDR volatilityVLDR Average Weekly Movement13.8%Electronic Industry Average Movement8.9%Market Average Movement7.2%10% most volatile stocks in US Market16.6%10% least volatile stocks in US Market3.0%安定した株価: VLDRの株価は、 US市場と比較して過去 3 か月間で変動しています。時間の経過による変動: VLDRの weekly volatility ( 14% ) は過去 1 年間安定していますが、依然としてUSの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1983407Ted Tewksburywww.velodynelidar.comもっと見るVelodyne Lidar, Inc. 基礎のまとめVelodyne Lidar の収益と売上を時価総額と比較するとどうか。VLDR 基礎統計学時価総額US$300.24m収益（TTM）-US$172.45m売上高(TTM)US$44.87m6.7xP/Sレシオ-1.7xPER（株価収益率VLDR は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計VLDR 損益計算書（TTM）収益US$44.87m売上原価US$69.44m売上総利益-US$24.56mその他の費用US$147.89m収益-US$172.45m直近の収益報告Sep 30, 2022次回決算日該当なし一株当たり利益（EPS）-0.72グロス・マージン-54.75%純利益率-384.34%有利子負債／自己資本比率0%VLDR の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2023/02/14 07:09終値2023/02/10 00:00収益2022/09/30年間収益2021/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Velodyne Lidar, Inc. 7 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。10 アナリスト機関Tristan GerraBairdRuben RoyBenchmark CompanyMichael FilatovBerenberg7 その他のアナリストを表示
Buying Opportunity • Feb 06Now 26% undervaluedOver the last 90 days, the stock is up 54%. The fair value is estimated to be US$1.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 26% over the last 3 years. Earnings per share has declined by 26%. For the next 3 years, revenue is forecast to grow by 39% per annum. Earnings is also forecast to grow by 38% per annum over the same time period.
お知らせ • Feb 02Ouster and Velodyne Announce Combined Company Board of Directors in Anticipation of Closing of Merger of EqualsErnest Maddock served as Chief Financial Officer of Micron Technology, Inc. from 2015 until his retirement in 2018. Prior to that, he served as Executive Vice President and Chief Financial Officer of Riverbed Technology, Inc. from 2013 to 2015. From 1997 to 2013, Mr. Maddock served in various roles at Lam Research Corporation, culminating in the position of Chief Financial Officer from 2008 to 2013. Mr. Maddock has served on the boards of directors of Ultra Clean Holdings Inc. since June 2018, Avnet since August 2021 and Terdadyne since November 2022. Mr. Maddock previously served on the Board of Intersil Corporation from 2015 until its acquisition in 2017. Mr. Maddock received a BS in Industrial Management from the Georgia Institute of Technology and an MBA with a specialization in Finance from Georgia State University. Kristin Slaninahas served as a member of Velodyne Lidar’s board of directors since July 2021, and serves on Velodyne’s Audit Committee and Nominating and Corporate Governance Committee. Ms. Slanina is the Chief Innovation Officer at ParkMyFleet, a provider of parking locations and technology solutions for fleet operations, a position she has held since March 2021. Previously, she served as Chief Operating Officer of TrueCar, an automotive pricing and information website for new and used car buyers, from September 2020 to March 2021 where she led the newly formed solutions group and helped the company accelerate into its next phase of growth. Before TrueCar, she was Chief Transformation Officer of Thirdware Consulting, an IT consulting organization, from January 2019 to September 2020, where she led the Emerging Technology group and paved the way for Thirdware’s status as a Tier 1 partner with Ford and other OEMs on vehicle software development, machine learning and blockchain technology. Prior, Ms. Slanina has held roles of increasing responsibility at Ernst & Young, a global professional services firm, and Fiat Chrysler Automobiles, a manufacturer of automobiles, after spending the first 18 years of her career at Ford Motor Company, beginning as a powertrain engineer. Ms. Slanina has served on the Board of Comstock Inc. since May 2022. She holds an M.S. and a B.S. in Mechanical Engineering from Massachusetts Institute of Technology.
お知らせ • Jan 25Velodyne Lidar, Inc. Announces Resignation of Michael Dee as Member of the BoardOn January 23, 2023, Michael Dee delivered notice to the board of directors of Velodyne Lidar, Inc. (the Company) of his resignation as a member of the Board, effective immediately. Mr. Dee had resigned as the Chairman and from all committees in July 2022. Mr. Dee has previously criticized the Board and management and voiced his concerns about his considerable differences of opinion with certain Board members and management.
Recent Insider Transactions • Dec 26CEO & Director recently sold US$125k worth of stockOn the 22nd of December, Theodore Tewksbury sold around 159k shares on-market at roughly US$0.79 per share. This transaction amounted to 76% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Theodore has been a net seller over the last 12 months, reducing personal holdings by US$141k.
Buying Opportunity • Dec 07Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 6.1%. The fair value is estimated to be US$1.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 26% over the last 3 years. Earnings per share has declined by 26%. For the next 3 years, revenue is forecast to grow by 43% per annum. Earnings is also forecast to grow by 38% per annum over the same time period.
Major Estimate Revision • Nov 16Consensus estimates of losses per share improve by 19%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from US$39.2m to US$40.1m. EPS estimate increased from -US$0.98 per share to -US$0.80 per share. Electronic industry in the US expected to see average net income growth of 9.8% next year. Consensus price target of US$1.85 unchanged from last update. Share price rose 34% to US$1.14 over the past week.
Buying Opportunity • Feb 06Now 26% undervaluedOver the last 90 days, the stock is up 54%. The fair value is estimated to be US$1.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 26% over the last 3 years. Earnings per share has declined by 26%. For the next 3 years, revenue is forecast to grow by 39% per annum. Earnings is also forecast to grow by 38% per annum over the same time period.
お知らせ • Feb 02Ouster and Velodyne Announce Combined Company Board of Directors in Anticipation of Closing of Merger of EqualsErnest Maddock served as Chief Financial Officer of Micron Technology, Inc. from 2015 until his retirement in 2018. Prior to that, he served as Executive Vice President and Chief Financial Officer of Riverbed Technology, Inc. from 2013 to 2015. From 1997 to 2013, Mr. Maddock served in various roles at Lam Research Corporation, culminating in the position of Chief Financial Officer from 2008 to 2013. Mr. Maddock has served on the boards of directors of Ultra Clean Holdings Inc. since June 2018, Avnet since August 2021 and Terdadyne since November 2022. Mr. Maddock previously served on the Board of Intersil Corporation from 2015 until its acquisition in 2017. Mr. Maddock received a BS in Industrial Management from the Georgia Institute of Technology and an MBA with a specialization in Finance from Georgia State University. Kristin Slaninahas served as a member of Velodyne Lidar’s board of directors since July 2021, and serves on Velodyne’s Audit Committee and Nominating and Corporate Governance Committee. Ms. Slanina is the Chief Innovation Officer at ParkMyFleet, a provider of parking locations and technology solutions for fleet operations, a position she has held since March 2021. Previously, she served as Chief Operating Officer of TrueCar, an automotive pricing and information website for new and used car buyers, from September 2020 to March 2021 where she led the newly formed solutions group and helped the company accelerate into its next phase of growth. Before TrueCar, she was Chief Transformation Officer of Thirdware Consulting, an IT consulting organization, from January 2019 to September 2020, where she led the Emerging Technology group and paved the way for Thirdware’s status as a Tier 1 partner with Ford and other OEMs on vehicle software development, machine learning and blockchain technology. Prior, Ms. Slanina has held roles of increasing responsibility at Ernst & Young, a global professional services firm, and Fiat Chrysler Automobiles, a manufacturer of automobiles, after spending the first 18 years of her career at Ford Motor Company, beginning as a powertrain engineer. Ms. Slanina has served on the Board of Comstock Inc. since May 2022. She holds an M.S. and a B.S. in Mechanical Engineering from Massachusetts Institute of Technology.
お知らせ • Jan 25Velodyne Lidar, Inc. Announces Resignation of Michael Dee as Member of the BoardOn January 23, 2023, Michael Dee delivered notice to the board of directors of Velodyne Lidar, Inc. (the Company) of his resignation as a member of the Board, effective immediately. Mr. Dee had resigned as the Chairman and from all committees in July 2022. Mr. Dee has previously criticized the Board and management and voiced his concerns about his considerable differences of opinion with certain Board members and management.
Recent Insider Transactions • Dec 26CEO & Director recently sold US$125k worth of stockOn the 22nd of December, Theodore Tewksbury sold around 159k shares on-market at roughly US$0.79 per share. This transaction amounted to 76% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Theodore has been a net seller over the last 12 months, reducing personal holdings by US$141k.
Buying Opportunity • Dec 07Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 6.1%. The fair value is estimated to be US$1.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 26% over the last 3 years. Earnings per share has declined by 26%. For the next 3 years, revenue is forecast to grow by 43% per annum. Earnings is also forecast to grow by 38% per annum over the same time period.
Major Estimate Revision • Nov 16Consensus estimates of losses per share improve by 19%The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from US$39.2m to US$40.1m. EPS estimate increased from -US$0.98 per share to -US$0.80 per share. Electronic industry in the US expected to see average net income growth of 9.8% next year. Consensus price target of US$1.85 unchanged from last update. Share price rose 34% to US$1.14 over the past week.
Board Change • Nov 16High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Independent Director Michael Dee is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Nov 10Third quarter 2022 earnings: EPS exceeds analyst expectationsThird quarter 2022 results: US$0.20 loss per share (improved from US$0.28 loss in 3Q 2021). Revenue: US$9.64m (down 26% from 3Q 2021). Net loss: US$41.6m (loss narrowed 24% from 3Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 29%. Revenue is forecast to grow 45% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has fallen by 57% per year, which means it is performing significantly worse than earnings.
Price Target Changed • Nov 03Price target increased to US$4.43Up from US$3.62, the current price target is an average from 6 analysts. New target price is 384% above last closing price of US$0.91. Stock is down 86% over the past year. The company is forecast to post a net loss per share of US$0.98 next year compared to a net loss per share of US$1.09 last year.
Seeking Alpha • Oct 18Velodyne Lidar signs multi-year agreement with VisimindVelodyne Lidar (NASDAQ:VLDR) shares gained ~2% Tuesday morning after the lidar technology company signed a multi-year agreement with Swedish company Visimind Group to offer integrated solutions to customers in the EMEIA region. The partnership will provide mapping and vegetation management, powered by Velodyne’s lidar technology. This agreement further strengthens the long-standing partnership between Visimind and Velodyne Lidar (VLDR), including a three-year supply deal for Puck and Ultra Puck lidar sensors, with shipping already underway.
Price Target Changed • Oct 12Price target increased to US$4.04Up from US$3.43, the current price target is an average from 6 analysts. New target price is 355% above last closing price of US$0.89. Stock is down 86% over the past year. The company is forecast to post a net loss per share of US$0.98 next year compared to a net loss per share of US$1.09 last year.
Seeking Alpha • Sep 09Velodyne Lidar: Not So HorribleSummary Velodyne Lidar continues to report far better results than inherent in the $1 stock price. The Lidar sensor supplier has a large order book with up to 40 multi-year agreements in place, but the company no longer provides the estimates. The stock is too cheap with a market cap of only $250 million. Velodyne Lidar (VLDR) has had a horrible couple of years or so since going public via a SPAC. The Lidar sensor company has changed the CEO and seen the founding shareholder unload his stock at prices below $1.50, yet the Lidar sensor business could still bloom. My investment thesis remains Bullish on the stock, but investors need high levels of risk tolerance to remain invested here. Limited Projections With Ted Tewksbury taking over the company at the end of last year, Velodyne Lidar quit providing financial projections of the business beyond the next quarter. The company regularly had high financial targets for a few years out and the current lack of details on customer agreements is a prime reason the stock is down to $1 with a market cap of only $250 million. When the new CEO took over, Velodyne provided a list of 35 signed multi-year contracts and a pipeline with over 220 deals in the works. Mr. Tewksbury last said the company would start providing updated info by Q1'22 and the lack of such information is now hurting the stock despite clear progress with additional deals signed since the last disclosure for November 1. In addition, smaller industrial and robotic deals aren't always multi-year agreements making an order book comparison to automotive less meaningful. The founding CEO selling his shares hasn't helped one bit. The market no longer has confidence in Velodyne Lidar despite the ongoing progression with additional business in the industrial and robotic segment along with under the radar work with autonomous vehicles and robotaxi providers. For Q2, the company reported billings (adjusted revenues) of $12.5 million, up sequentially from $11.5 million in the prior quarter. Velodyne Lidar guided to Q3 revenues for $10 to $12 million with billings held back by ongoing supply chain issues. On the Q2'22 earnings call, the CEO let this statement slip indicating a much stronger future than predicted by some mundane figures otherwise provided by the company: Again, the strength is coming from industrial and robotics as well as the intelligent infrastructure with continuing contributions from AVs. And yes, let me just emphasize that we're going into Q3 with enormous demand and enormous backlog. And the only thing that's holding revenue growth back right now is supply. And as I explained earlier, we are well underway in redesigning our Pucks to use new FPGAs, which we expect to get us out of this company specific supply constrained by the end of the year. While founder David Hall clearly isn't happy with Velodyne Lidar, the company still has an important position in the Lidar market with a huge customer backlog mostly unaltered from prior large projections. The company no longer announces the backlog figures, but the Lidar sensor firm clearly has a deal with Amazon (AMZN) and signed contracts with Baidu (BIDU) in the past. Velodyne Lidar doesn't discuss the firms working with test Lidar sensors from the company, but half of the revenues from Q2 were related to the AV segment. The automotive segment is where companies such as Luminar Tech. (LAZR) and Innoviz Tech. (INVZ) report massive backlogs, yet Velodyne is selling vastly more amounts of sensors into those segments now. After all, Innoviz Tech. only reported Q2 revenues of $1.8 million versus a backlog of $6+ billion. In essence, Velodyne Lidar reported over 3x the revenues of Innoviz from the automotive sector, yet Velodyne isn't viewed as a leader in the sector. Even more intriguing is the concept of Velodyne Lidar producing the necessary costing Lidar sensor to supply the AV market at a price point below $500. Per the CEO on the Q2'22 earnings call: With respect to passenger vehicles, as we've talked about in past calls, our discussions with OEMs and Tier 1's in the automotive industry and we've talked to all of them. The feedback has been loud and clear that prices have to come down below $500, preferably in the $300 to $400 range. And we have designs in progress right now that we expect to be ready for production when those markets materialize, which is probably still two or three years away. A one million unit annual deal quickly becomes a $500 million sales opportunity and a backlog of $2+ billion based on typical deals over 4 to 5 years. Big Market The company continues to promote large gains in Lidar markets with the market size reaching $5.7 billion by 2026. A lot of the existing market isn't even controlled by the public Lidar companies where total revenues are only around $100 million while the total revenues are already approaching $3 billion now.
分析記事 • Sep 02At US$1.18, Is It Time To Put Velodyne Lidar, Inc. (NASDAQ:VLDR) On Your Watch List?Velodyne Lidar, Inc. ( NASDAQ:VLDR ), might not be a large cap stock, but it saw a significant share price rise of over...
Reported Earnings • Aug 09Second quarter 2022 earnings: EPS exceeds analyst expectationsSecond quarter 2022 results: US$0.22 loss per share (up from US$0.41 loss in 2Q 2021). Revenue: US$11.5m (down 15% from 2Q 2021). Net loss: US$44.3m (loss narrowed 44% from 2Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%. Over the next year, revenue is forecast to grow 19%, compared to a 10% growth forecast for the industry in the US.
Seeking Alpha • Jun 30Velodyne Lidar: Drama Hasn't Helped StockFormer CEO David Hall continues to unload shares no matter the stock price pressuring the stock lower. The Lidar sensor company reported a far better Q1'22 than viewed via the headlines. The stock now trades below cash with sector-leading bookings forecasts at ~$13 million in Q2'22. From patent lawsuits to a high profile fight with the founder, Velodyne Lidar (VLDR) has seen nothing but drama since going public. The stock couldn't even stay green after announcing a new multi-year agreement with Boston Dynamics. My investment thesis remains Bullish on the stock with this focus on non-automotive Lidar contracts. Not A Complete Disaster Just this week, founding CEO David Hall sold another 1.5 million shares for $1.85 million. Mr. Hall has regularly sold shares this year after disagreements with other executives led to his departure. The founder selling shares so aggressively has now pushed the stock down all the way to $1. Source: FINVIZ Even though the company hired Dr. Ted Tewksbury as the new CEO, Mr. Hall still doesn't appear happy with Velodyne Lidar. The new CEO is making good progress and building up the business functions outside of a firm solely focused on engineering. For Q1'22, the company reported bookings of $11.5 million. The reported revenue figure was only $6.2 million due to an adjustment related to the Amazon (AMZN) warrant agreement. Velodyne Lidar plans to use this bookings number as the sales figure going forward. The company sold 2,350 sensor units compared to 2,684 units last Q1, but the amount was highly impacted by supply chain constraints. Velodyne Lidar ended up hiking ASPs by 48% to account for the higher costs of supplies and the lower inventory. Either way, the picture of the quarterly report was far better than market views. The company now has a substantial amount of the product manufacturing in Thailand and only lacks FPGAs in order to boost sales focused on the industrial and robotic spaces. The reported numbers appear a far more disaster than the reality, as the $6.2 million reported figure painted a dire picture for a company leading the Lidar industry in sales after all of the SPAC deals closed. Velodyne Lidar guided to Q2'22 bookings of $12.0 to $14.0 million for a sequential increase of $0.5 to $2.5 million. The company is now using the bookings metric to better reflect the actual sales during the period due to the Amazon warrant accounting impact. For perspective, industry valuation leader Luminar Technologies (LAZR) only reported Q1'22 revenue of $6.9 million. Velodyne Lidar has a sales book of about double the company with a $2.5 billion market cap. Big Picture The weak quarterly revenues and drama with the founding CEO left investors with the view of a company falling apart. At the end of Q1, Velodyne Lidar still has more revenue than most of the Lidar sensor companies that went public combined. The company just announced a multi-year deal with Boston Dynamics and generated about a third of revenues from automotive deals with the likes of Motional. Velodyne Lidar doesn't get the same attention as other companies due to the lack of focus on automotive sectors with large announced deals on future orders. The new CEO stripped out the previous presentation highlighting a strong order book and backlog leading to more negative investor sentiment that these deals disappeared. In reality, Velodyne Lidar continues to build on this previous customer and project base. The most recent numbers had the company with an order backlog of up to $800 million through 2025 based on 35+ signed and awarded multi-year deals. Velodyne Lidar was forecast to reach $400+ million in revenues by that year based on a project pipeline of 220 deals and $4.2 billion of potential orders. A lot in the industry have pushed out revenue estimates as Covid and now recession fears have delayed projects. As the new CEO discussed, the original projections provided competitors with too much detail on major contracts while the numbers didn't accurately reflect actual contracted orders.
Recent Insider Transactions • Jun 11Insider recently sold US$761k worth of stockOn the 9th of June, David Hall sold around 500k shares on-market at roughly US$1.52 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$107m more than they bought in the last 12 months.
Major Estimate Revision • May 14Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$60.7m to US$48.7m. EPS estimate unchanged from -US$1.05 per share at last update. Electronic industry in the US expected to see average net income growth of 13% next year. Consensus price target down from US$4.49 to US$3.50. Share price rose 2.8% to US$1.82 over the past week.
Recent Insider Transactions • May 11Independent Director recently bought US$65k worth of stockOn the 10th of May, Virginia Boulet bought around 40k shares on-market at roughly US$1.63 per share. In the last 3 months, they made an even bigger purchase worth US$109k. Despite this recent purchase, insiders have collectively sold US$171m more in shares than they bought in the last 12 months.
分析記事 • May 09Newsflash: Velodyne Lidar, Inc. (NASDAQ:VLDR) Analysts Have Been Trimming Their Revenue ForecastsToday is shaping up negative for Velodyne Lidar, Inc. ( NASDAQ:VLDR ) shareholders, with the analysts delivering a...
Reported Earnings • May 06First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: US$0.25 loss per share (down from US$0.22 loss in 1Q 2021). Revenue: US$6.18m (down 65% from 1Q 2021). Net loss: US$49.1m (loss widened 20% from 1Q 2021). Revenue missed analyst estimates by 39%. Earnings per share (EPS) also missed analyst estimates by 2.7%. Over the next year, revenue is forecast to grow 47%, compared to a 11% growth forecast for the industry in the US.
Board Change • Apr 27High number of new and inexperienced directorsThere are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Chairman of the Board Michael Dee is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Seeking Alpha • Apr 10Velodyne Lidar: A Two Buck Soap OperaToday, we post our first research on a lidar sensor maker named Velodyne Lidar. The company has big growth plans, but litigation involving its founder has been a major headwind for this small cap concern. A full investment analysis follows in the paragraphs below.
Major Estimate Revision • Apr 08Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$50.5m to US$60.7m. EPS estimate unchanged from -US$0.95 at last update. Electronic industry in the US expected to see average net income growth of 12% next year. Consensus price target down from US$4.74 to US$4.49. Share price fell 13% to US$2.18 over the past week.
Price Target Changed • Apr 06Price target decreased to US$4.49Down from US$4.99, the current price target is an average from 7 analysts. New target price is 93% above last closing price of US$2.32. Stock is down 83% over the past year. The company is forecast to post a net loss per share of US$0.95 next year compared to a net loss per share of US$1.09 last year.
Recent Insider Transactions Derivative • Mar 13Chief Product Officer exercised options and sold US$51k worth of stockOn the 10th of March, Sinclair Vass exercised options to acquire 25k shares at no cost and sold these for an average price of US$2.06 per share. This trade did not impact their existing holding. Since March 2021, Sinclair's direct individual holding has increased from 236.00 shares to 4.97k. Company insiders have collectively sold US$153m more than they bought, via options and on-market transactions in the last 12 months.
Major Estimate Revision • Mar 08Consensus revenue estimates fall by 51%The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from US$103.9m to US$50.5m. Forecast losses increased from -US$0.87 to -US$0.95 per share. Electronic industry in the US expected to see average net income growth of 12% next year. Consensus price target down from US$7.38 to US$4.99. Share price fell 40% to US$2.20 over the past week.
Recent Insider Transactions • Mar 06Insider recently sold US$26m worth of stockOn the 4th of March, David Hall sold around 10m shares on-market at roughly US$2.55 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$105m more than they bought in the last 12 months.
Reported Earnings • Mar 03Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2021 results: US$1.09 loss per share (down from US$1.01 loss in FY 2020). Revenue: US$61.9m (down 35% from FY 2020). Net loss: US$212.2m (loss widened 42% from FY 2020). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 4.1%. Over the next year, revenue is expected to shrink by 22% compared to a 15% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.
分析記事 • Mar 02Newsflash: Velodyne Lidar, Inc. (NASDAQ:VLDR) Analysts Have Been Trimming Their Revenue ForecastsOne thing we could say about the analysts on Velodyne Lidar, Inc. ( NASDAQ:VLDR ) - they aren't optimistic, having just...
Price Target Changed • Mar 02Price target decreased to US$7.00Down from US$7.88, the current price target is an average from 8 analysts. New target price is 95% above last closing price of US$3.59. Stock is down 78% over the past year.
Seeking Alpha • Jan 25Velodyne Lidar: Beaten To A PulpVelodyne Lidar has fallen all the way to $3 despite the company building a strong pipeline. The Lidar sensor space remains on a path for a huge sales ramp over the next few years. The stock only trades at ~1.5x more conservative '24 sales targets.
Price Target Changed • Jan 25Price target decreased to US$7.88Down from US$8.56, the current price target is an average from 8 analysts. New target price is 121% above last closing price of US$3.56. Stock is down 85% over the past year. The company is forecast to post a net loss per share of US$1.14 next year compared to a net loss per share of US$1.01 last year.
Reported Earnings • Nov 07Third quarter 2021 earnings released: US$0.28 loss per share (vs US$0.038 loss in 3Q 2020)The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: US$13.1m (down 59% from 3Q 2020). Net loss: US$54.7m (loss widened US$49.4m from 3Q 2020).
Price Target Changed • Nov 06Price target decreased to US$11.13Down from US$12.63, the current price target is an average from 8 analysts. New target price is 75% above last closing price of US$6.35. Stock is down 54% over the past year. The company is forecast to post a net loss per share of US$1.00 next year compared to a net loss per share of US$1.01 last year.
Seeking Alpha • Nov 05Velodyne Will Look To Turnaround In 2022 With New CEOVelodyne has struggled with production of late and the stock has ultimately faltered nearing 52-week lows. A new CEO will look to turn around production woes and the stock is as cheap as ever offering the potential to double over the long term if revenue growth can rebound. Support near the mid $5 range and a discounted valuation to peers give the impression that downside could be limited making VLDR an enticing opportunity for patient investors.
Recent Insider Transactions • Aug 14Chief Technology Officer recently sold US$836k worth of stockOn the 12th of August, Mathew Rekow sold around 106k shares on-market at roughly US$7.86 per share. In the last 3 months, there was an even bigger sale from another insider worth US$25m. Insiders have been net sellers, collectively disposing of US$79m more than they bought in the last 12 months.
Seeking Alpha • Aug 10Velodyne: First Mover Strength But Needs To Master ProductionVelodyne has pioneer status in developing LiDAR for vehicle safety and other purposes. However, this remains a highly competitive industry, with COVID impacting both the supply chain and sales. Despite being able to produce and sell more LiDAR sensors in the second quarter on a sequential basis, overall sales are still trailing 2020 figures. Also, gross margins are on the low side due to the production process not being optimized, with changes being brought by the new COO to address the issue. With its lower valuations and significant market potential relative to competitors, Velodyne should be on investors' watch-lists.
分析記事 • Aug 09Earnings Update: Velodyne Lidar, Inc. (NASDAQ:VLDR) Just Reported And Analysts Are Trimming Their ForecastsIt's shaping up to be a tough period for Velodyne Lidar, Inc. ( NASDAQ:VLDR ), which a week ago released some...
Reported Earnings • Aug 06Second quarter 2021 earnings released: US$0.42 loss per share (vs US$0.28 loss in 2Q 2020)The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: US$13.6m (down 52% from 2Q 2020). Net loss: US$80.7m (loss widened US$71.0m from 2Q 2020).
Recent Insider Transactions Derivative • Jul 20President & CEO exercised options and sold US$277k worth of stockOn the 15th of July, Anand Gopalan exercised options to acquire 30k shares at no cost and sold these for an average price of US$9.23 per share. This trade did not impact their existing holding. For the year to December 2020, Anand's total compensation was 2% salary and 98% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Anand now holds 383.78k shares directly in their own name. Company insiders have collectively sold US$79m more than they bought, via options and on-market transactions in the last 12 months.
Executive Departure • Jun 15Independent Director Barbara Samardzich has left the companyOn the 10th of June, Barbara Samardzich's tenure as Independent Director ended after 4.7 years in the role. As of March 2021, Barbara still personally held 102.82k shares (US$1.2m worth at the time). A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 1.42 years, which is considered inexperienced in the Simply Wall St Risk Model.
Recent Insider Transactions Derivative • Jun 14President & CEO exercised options and sold US$131k worth of stockOn the 10th of June, Anand Gopalan exercised options to acquire 12k shares at no cost and sold these for an average price of US$11.38 per share. This trade did not impact their existing holding. For the year to December 2020, Anand's total compensation was 2% salary and 98% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Anand now holds 372.37k shares directly in their own name. Company insiders have collectively sold US$79m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • May 29Chief Strategy Officer recently sold US$25m worth of stockOn the 25th of May, Joseph Jellen sold around 2m shares on-market at roughly US$10.25 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$46m more than they bought in the last 12 months.
Recent Insider Transactions • May 26Chief Strategy Officer recently sold US$25m worth of stockOn the 25th of May, Joseph Jellen sold around 2m shares on-market at roughly US$10.25 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$46m more than they bought in the last 12 months.
Recent Insider Transactions • May 18President recently sold US$4.3m worth of stockOn the 13th of May, Anand Gopalan sold around 441k shares on-market at roughly US$9.85 per share. In the last 3 months, they made an even bigger sale worth US$8.4m. Anand has been a seller over the last 12 months, reducing personal holdings by US$13m.
Major Estimate Revision • May 18Consensus EPS estimates fall to -US$0.89The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from US$93.8m to US$85.7m. Losses expected to increase from -US$0.72 to -US$0.89. Electronic industry in the US expected to see average net income growth of 32% next year. Consensus price target down from US$19.44 to US$18.33. Share price fell 7.2% to US$10.56 over the past week.
Recent Insider Transactions Derivative • May 16President notifies of intention to sell stockAnand Gopalan intends to sell 441k shares in the next 90 days after lodging an Intent To Sell Form on the 13th of May. If the sale is conducted around the recent share price of US$10.25, it would amount to US$4.5m. For the year to December 2020, Anand's total compensation was 2% salary and 98% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Anand now holds 745.67k shares directly in their own name. Company insiders have collectively sold US$14m more than they bought, via options and on-market transactions in the last 12 months.
Breakeven Date Change • May 16Forecast to breakeven in 2024The 8 analysts covering Velodyne Lidar expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$9.93m in 2024. Average annual earnings growth of 53% is required to achieve expected profit on schedule.
Reported Earnings • May 12First quarter 2021 earnings released: US$0.22 loss per share (vs US$0.68 loss in 1Q 2020)The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: US$17.7m (up 4.1% from 1Q 2020). Net loss: US$40.8m (loss widened 75% from 1Q 2020).
