In a letter to shareholders, Luminar CFO Tom Fennimore said: "Luminar has established itself as the clear leader in the industry; in 2023 this leadership position has widened with expanded wins, now totaling 20+ vehicle lines. This success has been met with increased noise, but has no effect on the fundamental value of Luminar. We have more conviction than ever in our near and long-term value creation opportunity. Questions were raised this week about our pricing forecast. Our ASP’s are not theoretical and are supported by our awarded contracts that span the decade. There is additional upside to further grow revenue per vehicle with our software and insurance solutions." Fennimore said that the company expects "this spread of misinformation to continue as our success grows and their struggles accelerate." Reference Link
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on LAZR:
- Luminar Shares Plunge after Goldman Sachs Downgrade
- Luminar downgraded to Sell from Neutral at Goldman Sachs
- Luminar accused of passing off next-gen chip design of rival as own, Forbes says
- Luminar price target lowered to $19 from $20 at Citi
- Luminar Technologies put volume heavy and directionally bearish
