Luminar Technologies, Inc. Class A Common Stock
LAZRLuminar Technologies, Inc. Class A (LAZR) is a company specializing in the development of lidar sensors and software for autonomous vehicles and advanced driver-assistance systems (ADAS). Founded in 2012, Luminar aims to enhance vehicle perception and safety through its cutting-edge lidar technology, which provides high-resolution 3D mapping essential for self-driving cars. The company focuses on integrating its sensors into automotive, mobility, and smart infrastructure markets.
Company News
Luminar Technologies reported challenging Q3 2025 results, with revenue of $18.7 million and ongoing strategic shifts away from automotive lidar towards defense and industrial markets. The company is exploring potential sale options, reducing workforce, and facing uncertainty in automotive partnerships.
A class action lawsuit has been filed against Luminar Technologies alleging false statements and undisclosed risks related to CEO Austin Russell's conduct during the period of March 20-May 14, 2025.
Luminar Technologies (LAZR) has seen a 4.67% decrease in its short percent of float since the last report. The company has 24.49% of its shares sold short, which is higher than its peer group average of 6.55%. This could signal a bearish sentiment, but increasing short interest can also be bullish for a stock.
Luminar Technologies, Inc. (LAZR) closed the most recent trading day at $1.41, moving +1.44% from the previous trading session.
Luminar reports a significant cash outflow of $81M in Q1, generating $21M in revenue. Read why I continue to rate LAZR stock as a Sell.
