Luminar Technologies Full Year 2024 Earnings: Beats Expectations

Luminar Technologies (NASDAQ:LAZR) Full Year 2024 Results

Key Financial Results

• Revenue: US$75.4m (up 8.0% from FY 2023).
• Net loss: US$273.1m (loss narrowed by 52% from FY 2023).
• US$8.23 loss per share (improved from US$22.01 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Luminar Technologies Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 6.8%. Earnings per share (EPS) also surpassed analyst estimates by 45%.

Looking ahead, revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in the US.

Performance of the American Auto Components industry.

The company's shares are up 65% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 7 warning signs for Luminar Technologies (3 are concerning) you should be aware of.

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