Luminar is an autonomous vehicle sensor and software company with the vision to make self-driving safe and ubiquitous by delivering the only lidar and perception platform that meets the industry's stringent performance, safety, and economic requirements. Luminar has rapidly gained 50 industry partners, including 7 of the top 10 global automotive OEMs, and has received minority investments from the world's largest commercial vehicle manufacturer, Daimler Truck AG and Volvo Cars, a global leader in automotive safety, to bring autonomous trucks and cars to highways, respectively. Founded in 2012, Luminar is a 350-person team with offices in Palo Alto, Orlando, Colorado Springs, Detroit, and Munich. In August 2020, Luminar announced that it has entered into a definitive agreement to merge with Gores Metropoulos, Inc., a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC.
Company profile
Ticker
LAZR
Exchange
CEO
Alec E. Gores
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Icahn Enterprises • Magna International • Aptiv • Adient • Lear • Autoliv • BorgWarner • Visteon • Dana • Allison Transmission ...
Former names
Gores Metropoulos, Inc.
SEC CIK
Corporate docs
Subsidiaries
Luminar, LLC • Luminar Semiconductor, Inc. • BFE Acquisition Sub II, LLC • OptoGration, Inc. • Freedom Photonics, LLC • Condor Acquisition Sub I, Inc. • Condor Acquisition Sub II, Inc. • Luminar Limited • Luminar Technologies (Shanghai) Co., Ltd. • Luminar GmbH ...
LAZR stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Other Events
15 May 23
424B5
Prospectus supplement for primary offering
10 May 23
10-Q
2023 Q1
Quarterly report
9 May 23
8-K
Luminar Reports Strong First-Quarter 2023 Business Update and Financials
9 May 23
EFFECT
Notice of effectiveness
3 May 23
424B3
Prospectus supplement
2 May 23
DEFA14A
Additional proxy soliciting materials
28 Apr 23
DEF 14A
Definitive proxy
28 Apr 23
ARS
2022 FY
Annual report to shareholders
28 Apr 23
CORRESP
Correspondence with SEC
28 Apr 23
Transcripts
LAZR
Earnings call transcript
2023 Q1
9 May 23
LAZR
Earnings call transcript
2022 Q3
3 Nov 22
LAZR
Earnings call transcript
2022 Q2
8 Aug 22
LAZR
Earnings call transcript
2022 Q1
6 May 22
LAZR
Earnings call transcript
2021 Q4
1 Mar 22
LAZR
Earnings call transcript
2021 Q3
12 Nov 21
LAZR
Earnings call transcript
2021 Q2
13 Aug 21
LAZR
Earnings call transcript
2021 Q1
14 May 21
Latest ownership filings
Financial summary
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| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 92.16 mm | 92.16 mm | 92.16 mm | 92.16 mm | 92.16 mm | 92.16 mm |
| Cash burn (monthly) | (no burn) | 5.66 mm | 48.92 mm | 42.78 mm | 21.56 mm | 20.01 mm |
| Cash used (since last report) | n/a | 12.52 mm | 108.11 mm | 94.52 mm | 47.64 mm | 44.21 mm |
| Cash remaining | n/a | 79.64 mm | -15.95 mm | -2.36 mm | 44.52 mm | 47.95 mm |
| Runway (months of cash) | n/a | 14.1 | -0.3 | -0.1 | 2.1 | 2.4 |
Institutional ownership, Q4 2022
2.0% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 9 |
| Opened positions | 2 |
| Closed positions | 244 |
| Increased positions | 0 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 99.76 mm |
| Total shares | 5.73 mm |
| Total puts | 603.53 k |
| Total calls | 2.73 mm |
| Total put/call ratio | 0.2 |
| Largest owners | Shares | Value |
|---|---|---|
| AEG | 5.57 mm | $94.19 mm |
| Integrated Core Strategies | 163.65 k | $5.56 mm |
| JPM JPMorgan Chase & Co. | 0.00 | $0.00 |
| Proequities | 0.00 | $0.00 |
| National Bank of Canada | 0.00 | $0.00 |
| Group One Trading | 0.00 | $0.00 |
| IMC-Chicago | 0.00 | $0.00 |
| Simplex Trading | 0.00 | $0.00 |
| Jane Street | 0.00 | $0.00 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 16 May 23 | Austin Russell | Class A Common Stock | Buy | Acquire P | No | No | 6.1203 | 791,113 | 4.84 mm | 4,596,798 |
| 16 May 23 | Austin Russell | Class A Common Stock | Buy | Acquire P | No | No | 6.2587 | 150,000 | 938.81 k | 3,805,685 |
| 15 May 23 | Jun Hong Heng | Class A Common Stock | Buy | Acquire P | Yes | No | 5.9142 | 33,750 | 199.60 k | 392,571 |
| 15 May 23 | Austin Russell | Class A Common Stock | Buy | Acquire P | No | No | 5.8269 | 1,300,000 | 7.57 mm | 2,330,000 |
| 15 May 23 | Austin Russell | Class A Common Stock | Buy | Acquire P | No | No | 6.0041 | 1,325,685 | 7.96 mm | 3,655,685 |
| 6 Mar 23 | Thomas Fennimore | Class A Common Stock | Payment of exercise | Dispose F | No | No | 9.89 | 17,655 | 174.61 k | 727,547 |
News
Luminar Tweets "Join $LAZR CFO Tom Fennimore's Talk J.P. Morgan Technology, Media And Communications Conference. Webcast Starts Today At 3:50 p.m. ET
22 May 23
Netflix, Synopsys, Madison Square Garden Entertainment And Other Big Stocks Moving Higher On Thursday
18 May 23
$12.5M Bet On Energy Transfer? Check Out These 4 Stocks Insiders Are Buying
18 May 23
Analyst Ratings for Luminar Technologies
16 May 23
Citigroup Maintains Buy on Luminar Technologies, Lowers Price Target to $18
16 May 23
Press releases
LAZR ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of July 25, 2023 in the Class Action Filed on Behalf of Luminar Technologies, Inc. Shareholders
6 Jun 23
LAZR INVESTOR DEADLINE: Robbins Geller Rudman & Dowd LLP Announces that Luminar Technologies, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
5 Jun 23
SHEREHOLER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Luminar Technologies, Inc. of Class Action Lawsuit and Upcoming Deadline - LAZR
5 Jun 23
LAZR LAWSUIT ALERT: Levi & Korsinsky Notifies Luminar Technologies, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline
5 Jun 23
CLASS ACTION ALERT: The Law Offices of Vincent Wong Remind Luminar Investors of a Lead Plaintiff Deadline of July 25, 2023
5 Jun 23