NASDAQ$LAZRQ

Luminar Technologies Inc. · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported strong revenue growth and efficient cash management.

Luminar Technologies reported a 37% year-over-year increase in revenue to $5.3 million for Q1 2021. The company is on track to meet or beat its 2021 milestones and maintains a strong liquidity position with $610 million in cash and investments.

  • Revenue for the first quarter was $5.3 million, a 37% year-over-year increase.
  • GAAP net loss for the first quarter of 2021 was $(75.9) million, or $(0.23) per share.
  • Non-GAAP net loss for the first quarter of 2021 was $(27.0) million, or $(0.08) per share.
  • Cash and investments were $610.3 million as of March 31, 2021.

Headline financials

Total Revenue

$5.31M

Previous: $3.87M+37.2%
EPS (adj)

-$0.08

Previous: -$0.05-66.3%
Capital Expenditures

-$889K

No prior period
Free Cash Flow

-$28.9M

No prior period
Net Income

-$75.9M

Previous: -$15.6M-387.3%
Operating Income

-$29.2M

Previous: -$14.8M-97.1%
Gross Profit

-$2.33M

Previous: $29K-8120.7%
Cash & Equivalents

$207M

No prior period
Total Assets

$651M

No prior period
Stock-Based Comp

$1.84M

No prior period

Revenue & EPS history

Luminar · Revenue · Quarterly

$5.31M

Q1 2021+37.2%vs Q1 2020
Beat estimate in 3 of 8 quarters(38%)
ActualEstimate

Forward guidance

Luminar remains on track to achieve its full-year 2021 guidance for revenue of $25 to $30 million and net cash spend of approximately $140 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

-2.1%

Avg return

Earnings day

-15.7%

Avg return

5 days after

-10.0%

Avg return

30 days after

33%

9 / 27 earnings

Positive

+33.0%

Q4 2024

Best reaction

-34.3%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2025-5.7%-15.7%-10.0%
Q2 2025-16.1%
Q1 2025-17.0%
Q4 2024+33.0%
Q3 2024+28.6%
Q2 2024-34.3%
Q1 2024-2.7%
Q4 2023+6.3%
Q3 2023-12.1%
Q2 2023-7.0%
Q1 2023-7.9%
Q4 2022+2.1%
Q3 2022-9.9%
Q2 2022+13.3%
Q1 2022-9.4%
Q4 2021+8.3%
Q3 2021+3.9%
Q2 2021-6.6%
Q1 2021+6.2%
Q4 2020-9.9%
Q2 2020-9.9%
Q4 2019-9.9%
Q3 2020-0.8%
Q1 2020+0.2%
Q3 2019+0.0%
Q2 2019+0.0%
Q1 2019+0.0%

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