Luminar ai price11/11/2022 ![]() ![]() Revenue: Q4 revenue was $12.3 million, up 408% YoY and up 55% compared to the prior quarter.Key financial highlights for the fourth-quarter and full-year ended December 31, 2021: The company ended 2021 with $792.1 million of cash following significant share repurchases towards the end of Q4. Liquidity and Cash Position: Luminar achieved its target of ending the year with more cash on the balance sheet compared to the $485.7 million at the prior year end (2020).Forward-Looking Order Book: Luminar increased its Forward-Looking Order Book target mid-year from 40% growth to 60% growth, and ended 2021 with a forward-looking order book of approximately $2.1 billion, up 61% year-over-year (YOY).In January 2022, the company announced a landmark series production win with Mercedes-Benz. Commercial Programs & Customer Adoption: Luminar increased its Major Commercial Win target mid-year from 4 to 6, and achieved all 6 major wins by year-end 2021.Software & Product Development: Luminar completed development of the alpha version of Sentinel, providing live demonstrations of Proactive Safety™ and Highway Autonomy capabilities to the public at CES.The company is now intensely focused on industrialization and preparation for series production. ![]() Iris Industrialization for Series Production: Luminar entered the C-phase for Iris, and completed all core development/revenue milestones under its first awarded series production contract.Luminar achieved all of its company-level target 2021 milestones and is providing status below: The video can be viewed at: Major 2021 Milestones: #Luminar ai price update#Today, Luminar released its quarterly video update regarding the path to series production. “2022 will be our biggest year yet as we prepare for our breakthrough series production launch at year-end.” We secured major commercial wins, advanced our hardware and software technology, and are pioneering the future of safety and autonomy for the industry,” said Austin Russell, Luminar Founder and CEO. “Our first year as a public company was a blowout success having achieved all of our critical milestones. #Luminar ai price full#(NASDAQ: LAZR), a leading global automotive technology company, today announced its quarterly business update and financial results for the fourth quarter and full year of 2021, ended December 31, 2021. Expecting Series Production Readiness at Year End 2022 40% More Major Commercial Wins.Completed All Core Development Milestones in First Series Production Contract.Delivered All Milestones Full-Year 2021 Revenue at Top End of Guidance.Luminar Provides Business Update with Q4 and Full-Year 2021 Financials ![]()
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