NASDAQ$LAZRQ
Luminar Technologies Inc. · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Luminar exceeded its Q1 revenue guidance, maintained a strong balance sheet, and continued to expand partnerships with leading automakers.
Luminar reported strong first-quarter 2023 results, exceeding revenue guidance with $14.5 million, a 112% increase year-over-year. The company maintained a strong cash position and is on track to meet or beat its 2023 business milestones and financial guidance. Leading automakers expanded their partnerships with Luminar, and pre-orders for Luminar-equipped vehicles surpassed expectations.
- Revenue exceeded the high end of guidance at $14.5 million, up 112% year-over-year.
- High-volume factory in Monterrey, Mexico, was brought online ahead of schedule.
- Partnerships with Mercedes-Benz and Polestar were expanded across next-generation vehicle lineups.
- Pre-orders for the Luminar-equipped Volvo EX90 surpassed Volvo Cars’ expectations.
Headline financials
Revenue & EPS history
Luminar · Revenue · Quarterly
$14.5M
Forward guidance
Luminar maintained its full-year financial outlook.
Tailwinds
- Luminar expects at least 100% revenue growth in 2023.
- The company expects to reach positive gross margin on a non-GAAP basis by the fourth quarter.
- The company expects to end the year with a balance of greater than $300 million in cash, cash equivalents and marketable securities.
- The company expects to demonstrate solid progress towards its profitability goals.
- Free cash flow run rate is expected to improve approximately 50% by year-end relative to Q1.
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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