![]() Also, the company kept its full-year 2021 guidance, expecting to generate revenue in the range of between $30 and $33 million.įor the next quarter, analysts expect LAZR’s bottom line to rise 11.57% year-over-year, standing at ($0.10) per share. Luminar’s net loss grew 64% year-over-year to $51.34 million amid a 253% increase in total operating expenses, leading to Non-GAAP EPS of ($0.10), which stood in line with analysts’ consensus. However, the company slightly missed analysts consensus by $0.92 million. The revenue growth was due to the increase in sales from its Autonomy Solutions segment. For its fiscal third quarter, Luminar’s overall revenue increased 89.1% on a year-over-year basis, coming in at $7.98 million. Luminar Technologies last reported its earnings on Thursday, November 11th. Innoviz is an Israel-based company that develops solid-state LiDAR sensor and perception software, supporting the mass production of autonomous cars. ( INVZ ), to see which one is a better addition to investors’ portfolios.įounded in 2012, Luminar Technologies develops and sells lidar sensors and other software solutions related to autonomous vehicles. Today I’ll analyze and compare two lidar stocks, Luminar Technologies, Inc. Consequently, companies from the given industry should benefit in the long term. The global LiDAR market is estimated to grow at a CAGR rate of 22.7% between 20, reaching $6.71 billion in the final year, driven by the rising need for Lidar from Unmanned aerial vehicles (UAVs) and autonomous vehicles. As a result, autonomous vehicles can collect data about a vehicle’s surroundings, taking over from the driver. With the usage of a high-intensity laser tool, a micro-electro-mechanical system (MEMS), and a GPS transceiver, light detection and ranging (LiDAR) technology creates a three-dimensional visual image.
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