Luminar Technologies Delays 10-Q Filing Amid Executive Changes

Luminar Technologies ( (LAZR) ) has released a notification of late filing.

Luminar Technologies, Inc. has announced a delay in filing its Form 10-Q (Quarter Report) for the financial period ending March 31, 2025. The delay is primarily due to the recent change in the principal executive officer and the need to assess the impact on the company’s control environment following an inquiry by the Audit Committee. Luminar expects to file the report within five calendar days following the prescribed due date. Preliminary financial results indicate a revenue of $18.9 million and a net loss of $76.5 million for the first quarter of 2025, showing an improvement from the previous year’s net loss of $125.7 million. The company is committed to ongoing compliance efforts, as indicated by the signature of Thomas J. Fennimore, Chief Financial Officer.

The most recent analyst rating on (LAZR) stock is a Sell with a $18.00 price target. To see the full list of analyst forecasts on Luminar Technologies stock, see the LAZR Stock Forecast page.

Spark’s Take on LAZR Stock

According to Spark, TipRanks’ AI Analyst, LAZR is a Neutral.

Luminar Technologies faces significant financial challenges with high operational losses and negative equity impacting its financial stability. Despite some positive developments, such as cost reductions and debt management, the ongoing revenue decline and leadership changes create uncertainty. The technical indicators suggest a weak trend, and the stock’s valuation is unattractive due to the negative P/E ratio. Overall, significant risks outweigh the positives, resulting in a lower stock score.

To see Spark’s full report on LAZR stock, click here.

More about Luminar Technologies

Average Trading Volume: 2,488,257

Technical Sentiment Signal: Sell

Current Market Cap: $216M

See more data about LAZR stock on TipRanks’ Stock Analysis page.