2024-03-05 18:28:41 ET
Summary
- Luminar Technologies reported disappointing Q4 revenues, missing Street estimates by over $5 million.
- Analysts have slashed their revenue estimates for the company, pushing the potential growth story further out into the future.
- Luminar's cash burn rate and increasing share count contribute to concerns about the company's financial health and valuation.
Back in November, I covered the promising potential future of automotive technology company Luminar Technologies (LAZR). The company boasted a large potential order book and was getting ready to see its revenue growth really take off. Unfortunately, the company's Q4 report was very disappointing, so the story here will take much longer to play out....
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For further details see:
Luminar Q4: Another Major Disappointment [Downgrade]