Luminar Technologies, Inc. Class A Common Stock (LAZR)
Luminar 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
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 reported Q2 2025 financial results with missed revenue expectations, reduced full-year guidance, and ongoing challenges in automotive sensor market, while focusing on cost control and next-generation Halo platform development.
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.