Luminar reports Q4 EPS (26c), consensus (21c)

Reports Q4 revenue $11.1M, consensus $12.52M. Says Q4 revenue at lower end of guidance range primarily due to timing of program and service revenue recognition. "In 2022, we achieved or exceeded all four key company-level milestones including: achieving the start of production with Iris, advancing our software, and exceeding our previously raised sixty percent year-over-year growth targets for both major commercial wins and our forward-looking order book. This year is already off to a strong start. Existing customers are expanding their business with us, our dialogue with new customers is increasing, and the team is doing a great job executing our industrialization and scaling plans to support upcoming vehicle launches," said Tom Fennimore, CFO of Luminar. Reference Link