NASDAQ$LAZRQ
Luminar Technologies Inc. · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported a 29% year-over-year revenue increase and is on track for all four key 2022 milestones and financial guidance.
Luminar Technologies announced its Q1 2022 financial results, reporting $6.9 million in revenue, a 29% increase year-over-year, and is on track to meet or beat its prior $40 million full-year 2022 revenue guidance. The company also established a partnership with Nissan and acquired Freedom Photonics to advance its chip-level technology roadmap.
- Revenue of $6.9 million, up 29% year-over-year and ahead of internal expectations.
- On track to meet or beat its prior $40 million full-year 2022 revenue guidance.
- Established Nissan Partnership for their next-generation ADAS and safety system.
- Acquired Freedom Photonics to advance chip-level technology roadmap and lower costs.
Headline financials
Revenue & EPS history
Luminar · Revenue · Quarterly
$6.86M
Forward guidance
Luminar maintains its full-year 2022 revenue and cash spend guidance.
Tailwinds
- On track to achieving series production readiness for Iris lidar and core software in 2022.
- Expecting positive results from independent study validating Proactive Safety™ capability.
- Achieved two additional major commercial wins year-to-date (Mercedes and Nissan).
- Expects to meet or beat the 40% growth target for major commercial wins for the full year.
- Company expects to achieve its forward-looking order book growth target of at least 40% YoY in 2022.
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
| Quarter | Report date | Reaction (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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