Luminar Technologies Misses Q4 EPS by 5c

  • Investing.com
Luminar Technologies Misses Q4 EPS by 5c

Luminar Technologies (LAZR) reported Q4 EPS of ($0.26), $0.05 worse than the analyst estimate of ($0.21). Revenue for the quarter came in at $11.1 million versus the consensus estimate of $12.52 million.

2023 Financial Outlook:

Revenue Growth: The company expects revenue growth of at least 100% in 2023
Gross Margin: The company expects to reach positive gross margin by the fourth quarter
Cash, Cash Equivalents and Marketable Securities (including liquidity): The company expects to end the year with a balance of greater than $300 million

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