NASDAQ$LAZRQ
Luminar Technologies Inc. · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Luminar reported its Q4 2024 results with strong revenue growth and positive gross profit, driven by higher sensor sales and cost-saving initiatives.
Luminar exceeded expectations in Q4 2024 with $22.48 million in revenue, a 45% increase quarter-over-quarter. The company achieved a positive gross profit and continued to ramp production for key automotive partners like Volvo. Significant cost reductions and restructuring initiatives improved operational efficiency, although net losses remained.
- Revenue grew 45% quarter-over-quarter to $22.48 million.
- Achieved positive GAAP gross profit of $12.48 million.
- Shipped over 4,000 LiDAR units in Q4 2024.
- Ended the quarter with $232.7 million in cash and liquidity.
Headline financials
Revenue & EPS history
Luminar · Revenue · Quarterly
$22.5M
Forward guidance
Luminar expects continued growth in FY 2025, projecting total revenue growth of 10% to 20%, with a focus on ramping series production volumes and transitioning customers to the Luminar Halo platform.
Tailwinds
- Ramp series production volume at least 3x year-over-year.
- Progress on Luminar Halo milestones in customer development contracts.
- Streamlining operations with singular technology platform.
- OpEx improvements driven by cost reduction actions.
- End FY’25 with more than $150 million in cash and liquidity.
Headwinds
- Q1’25 revenue expected to be lower quarter-over-quarter.
- Continued quarterly gross losses anticipated through FY’25.
- Series production volumes not yet sufficient for positive gross margin.
- Growth offset by renegotiated non-series production contracts.
- Ongoing dilution from equity financing program.
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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