NASDAQ$LAZRQ

Luminar Technologies Inc. · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Luminar's Q3 2021 results spotlighted new commercial wins and strategic partners, secured supply chain, and accelerated software development.

Luminar Technologies reported an 89% year-over-year increase in revenue, reaching $8.0 million. The company maintained its full-year 2021 revenue guidance of $30 to $33 million and highlighted new partnerships with NVIDIA, Embark Trucks, and Kodiak Robotics.

  • Debuted Proactive Safety software and secured new vehicle integration partnerships.
  • Achieved six major commercial wins this year, including NVIDIA and Polestar.
  • Technology was selected by Embark Trucks, Inc. and Kodiak Robotics, Inc.
  • Remains on-track for its goal of at least 60% year-over-year growth of its forward-looking order book in 2021.

Headline financials

Total Revenue

$7.98M

Previous: $4.22M+88.9%
EPS (adj)

-$0.10

Previous: -$0.29+65.5%
Capital Expenditures

-$4.16M

Previous: $1.26M-431.1%
Free Cash Flow

-$98.4M

Previous: -$2.42M-3966.7%
Net Income

-$51.3M

Previous: -$31.2M-64.5%
Operating Income

-$70.1M

Previous: -$21.8M-221.8%
Gross Profit

-$2.78M

Previous: -$2.7M-3.1%
Cash & Equivalents

$129M

Previous: $519K+24823.8%
Total Assets

$608M

Previous: $406M+49.6%
Stock-Based Comp

$33.5M

Previous: $1.3M+2484.4%

Revenue & EPS history

Luminar · Revenue · Quarterly

$7.98M

Q3 2021+88.9%vs Q3 2020
Beat estimate in 3 of 8 quarters(38%)
ActualEstimate

Forward guidance

Luminar is maintaining its full-year 2021 revenue guidance of $30 to $33 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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