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home / news releases / LAZR - Luminar Technologies: Could Be Starting Its Growth Trajectory

LAZR - Luminar Technologies: Could Be Starting Its Growth Trajectory

Luminar Technologies Inc.

2024-05-07 04:55:44 ET

Summary

  • Luminar Technologies' stock has crashed and is trading at a fraction of its 2020 price.
  • The company has a significant long-term debt burden that may pose challenges in the future, hence the new "asset light" approach.
  • Luminar recently announced a deal with Volvo, which could lead to a rise in revenue and potentially improve its cash flow.

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For further details see:

Luminar Technologies: Could Be Starting Its Growth Trajectory
Stock Information
Company Name: Luminar Technologies Inc.
Stock Symbol: LAZR
Market: NYSE
Website: luminartech.com
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