Luminar posted first-quarter revenue of $18.9 million that surpassed estimates of $16.27 million but suffered a loss per share of $1.82, worse than a feared $1.63 loss per share.

Luminar has had some wins, but also restructured several times. Luminar cut about 30% of its workforce in 2024 via two rounds of layoffs. Some of those layoffs spilled into the first quarter of 2025.

Shares of Luminar Technologies Inc. dropped more than 9% in extended trading Friday after the maker of lidar and other sensors for self-driving vehicles said it was cutting its workforce by 20% as ...

Luminar's revenue multiple also still sits at around 7.5, which is still reasonably high. This must be viewed in light of the growth expected over the next few years though.

Luminar stock plunged Thursday as CEO Austin Russell resigned after an ethics inquiry. The drop occurred despite strong Q1 results, as investors reacted to the leadership uncertainty.

Luminar Technologies , a maker of lidar sensors for self-driving cars, said on Friday that it would cut its workforce by about 20%, as part of a restructuring plan for the current year.

Luminar shares soared 27% on March 17, their biggest gain in more than two months. Tesla shares, meanwhile, fell 4.8%, underperforming both the S&P 500 and Nasdaq 100 indexes.

Luminar announces that it's launching its full-stack software suite Sentinel for automakers. Luminar says the first shipments are underway and the software is expected to be delivered to top ...

Luminar Technologies , a maker of lidar sensors for self-driving cars, said on Tuesday that Tesla was the largest customer for its sensors in the first quarter, accounting for more than 10% of its ...

Luminar cut about 30% of its workforce in 2024 via two rounds of layoffs. Some of those layoffs spilled into the first quarter of 2025. A total of 212 employees were laid off.