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home / news releases / LAZR - Luminar: Pressure Is Rising

LAZR - Luminar: Pressure Is Rising

Luminar Technologies Inc.

2024-06-20 12:27:01 ET

Summary

  • Luminar Technologies has seen shares drop almost 79% in the past year due to revenue misses, large losses, and cash burn.
  • Q1 results showed decent revenue growth but missed top line estimates for the third quarter in a row.
  • Despite potential, Luminar has not executed to date and may need more capital to fund their growth plan.

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For further details see:

Luminar: Pressure Is Rising
Stock Information
Company Name: Luminar Technologies Inc.
Stock Symbol: LAZR
Market: NYSE
Website: luminartech.com
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