Luminar Technologies (LAZR) AI Stock Analysis

• Market Cap: $137.53M
• Dividend Yield: N/A
• Average Volume (3M): 6.29M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.23
• Revenue Growth: -5.22%
• EPS Growth: 84.74%
• Country: US
• Employees: 580
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Auto - Parts
• EPS (TTM): -1.49
• Shares Outstanding: 63,891,880
• 10 Day Avg. Volume: 7,276,550
• 30 Day Avg. Volume: 6,292,825
• PEG Ratio: 0.01
• Price to Book (P/B): -0.77
• Price to Sales (P/S): 2.24
• P/FCF Ratio: -0.60
• Enterprise Value/Market Cap: 3.68
• Enterprise Value/Revenue: 6.98
• Enterprise Value/Gross Profit: -23.11
• Enterprise Value/Ebitda: -9.48
• 1Y Price Target: $2.50
• Price Target Upside: 45.35% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 3

• Rating: 41 Neutral
• Price Target: $1.50 ▼(-12.79% Downside)

Luminar Technologies' overall stock score is primarily impacted by its poor financial performance, with negative margins, declining revenues, and financial instability. Technical analysis and valuation metrics further reflect the company's challenges. While the earnings call provided some positive developments, significant hurdles remain, contributing to a low overall score.

Positive Factors

Technical Milestone

Achieving a technical milestone enhances Luminar's competitive edge in the LiDAR market, potentially attracting more OEM partnerships and solidifying its position as a leader in autonomous vehicle technology.

Cost Reduction Initiatives

By focusing on core operations and reducing costs, Luminar aims to improve financial health and operational efficiency, which is crucial for long-term sustainability and profitability.

Diversification into Commercial Markets

Diversifying into commercial markets can provide new revenue streams and reduce dependency on the automotive sector, enhancing Luminar's resilience against industry-specific downturns.

Negative Factors

Revenue Decline

Declining revenue indicates challenges in maintaining sales momentum, which could impact long-term growth prospects and investor confidence in Luminar's ability to scale its business.

Challenges with EX90 Program

Reduced production volumes for key programs like EX90 can hinder revenue growth and strain relationships with major OEM partners, affecting future contract negotiations and market positioning.

Unfavorable Sensor Economics

Selling sensors below production cost is unsustainable, potentially leading to financial losses and limiting the ability to invest in R&D, which is vital for maintaining technological leadership.

Luminar Technologies Business Overview & Revenue Model

Company Description

Luminar Technologies (LAZR) is a publicly traded technology company specializing in advanced sensor technology, primarily focusing on LiDAR (Light Detection and Ranging) systems for automotive applications. Founded in 2012, Luminar is at the forefront of developing high-performance LiDAR sensors and software that enable autonomous vehicles to perceive and understand their surroundings. The company serves various sectors, including automotive, transportation, and security, providing key solutions for both passenger vehicles and commercial fleets.

How the Company Makes Money

Luminar Technologies generates revenue primarily through the sale of its LiDAR products and related software solutions to automotive manufacturers and technology companies involved in the development of autonomous vehicles. The company's key revenue streams include direct sales of its LiDAR sensors, software licensing agreements, and long-term contracts with major automotive OEMs (Original Equipment Manufacturers). Significant partnerships with leading car manufacturers, such as Volvo and Daimler, contribute to its earnings by securing multi-year supply agreements and joint development initiatives. Additionally, Luminar is actively pursuing opportunities in adjacent markets, such as robotics and security, which may further diversify its revenue sources.

Luminar Technologies Financial Statement Overview

Summary

Luminar Technologies is facing significant financial challenges, with negative gross and net profit margins, declining revenues, and high operational inefficiencies. The balance sheet is unstable with negative equity and high leverage, while cash flow issues persist with negative cash generation and growth.

Income Statement

Luminar Technologies has faced significant challenges in its income statement. The company has consistently reported negative gross profit margins, indicating that the cost of goods sold exceeds revenue. The net profit margin is also deeply negative, reflecting substantial losses. Revenue growth has been inconsistent, with a notable decline in the TTM period. The EBIT and EBITDA margins are significantly negative, highlighting operational inefficiencies and high costs relative to revenue.

Balance Sheet

The balance sheet reveals a precarious financial position for Luminar Technologies. The company has negative stockholders' equity, indicating liabilities exceed assets, which is a significant risk factor. The debt-to-equity ratio is negative, reflecting this imbalance. Return on equity is volatile and negative, suggesting poor returns on shareholders' investments. The equity ratio is also negative, further emphasizing financial instability.

Cash Flow

The cash flow statement shows persistent negative operating and free cash flows, indicating cash outflows exceed inflows from operations. The free cash flow growth rate is negative, suggesting deteriorating cash generation capabilities. However, the free cash flow to net income ratio is positive, indicating that cash losses are somewhat aligned with accounting losses. The operating cash flow to net income ratio is negative, reflecting challenges in converting accounting profits to cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	72.50M	75.39M	69.78M	40.70M	31.94M	13.95M
Gross Profit	-21.92M	-25.69M	-72.69M	-60.28M	-14.15M	-11.00M
EBITDA	-53.39M	-242.80M	-551.71M	-443.47M	-239.85M	-364.90M
Net Income	-120.41M	-273.14M	-571.27M	-445.94M	-237.99M	-362.30M
Balance Sheet
Total Assets	265.49M	365.21M	512.37M	687.33M	883.54M	510.35M
Cash, Cash Equivalents and Short-Term Investments	107.63M	182.67M	289.82M	488.87M	792.12M	485.65M
Total Debt	451.66M	534.65M	660.66M	635.13M	619.46M	1.18M
Total Liabilities	513.46M	586.00M	737.12M	713.73M	685.55M	361.61M
Stockholders Equity	-247.97M	-220.79M	-224.75M	-26.41M	197.99M	148.74M
Cash Flow
Free Cash Flow	-219.38M	-281.72M	-269.22M	-226.30M	-154.85M	-77.84M
Operating Cash Flow	-215.65M	-276.63M	-247.30M	-208.23M	-148.42M	-75.64M
Investing Cash Flow	48.37M	42.46M	236.63M	27.99M	-194.19M	-271.79M
Financing Cash Flow	164.09M	178.26M	80.20M	-79.35M	463.59M	529.85M

Luminar Technologies Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.72
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LAZR, the sentiment is Negative. The current price of 1.72 is below the 20-day moving average (MA) of 2.04, below the 50-day MA of 2.01, and below the 200-day MA of 3.88, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 39.44 is Neutral, neither overbought nor oversold. The STOCH value of 11.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LAZR.

Luminar Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
INVZ	55 Neutral	$443.71M	―	-72.45%	―	17.32%	37.70%
ECX	51 Neutral	$885.74M	―	―	―	12.52%	22.68%
HSAI	46 Neutral	$4.50B	197.64	2.45%	―	36.76%	―
AEVA	46 Neutral	$963.77M	―	-1441.64%	―	111.39%	-74.39%
LIDR	43 Neutral	$113.04M	―	-222.90%	―	-23.62%	71.09%
LAZR	41 Neutral	$137.53M	―	―	―	-5.22%	84.74%

Luminar Technologies Corporate Events

Luminar Technologies: Mixed Sentiments in Earnings Call

In the recent earnings call, Luminar Technologies Inc. presented a mixed sentiment, highlighting significant technical achievements and strategic shifts towards commercial markets. The company showcased improvements in cost structures and a stronger balance sheet. However, these positives were overshadowed by challenges such as revenue declines, manufacturing transitions, and lower-than-expected sensor demand from key customers.

Luminar Technologies Reports Q2 2025 Financials

Luminar Technologies Inc. is a global technology company specializing in LiDAR hardware and software solutions for the automotive, commercial, and defense sectors, known for its proprietary technologies designed to enhance safety and autonomy. In its latest earnings report for the second quarter of 2025, Luminar announced a strategic shift towards focusing on core automotive and commercial markets while exiting non-core data and insurance businesses to improve operational efficiency and cost management.

Luminar Technologies Forms Strategic Partnership with TPK Holding

On July 29, 2025, Luminar Technologies entered into a subscription agreement with an affiliate of TPK Holding Co., Ltd., issuing 1,600,000 shares of Class A common stock to the affiliate as payment for services under a contractual arrangement. This transaction was registered with the SEC under the company’s shelf registration statement, indicating a strategic partnership that could enhance Luminar’s operational capabilities and market positioning.

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.