Luminar Technologies Inc

Latest Results (18.10.2025):

In the second quarter of 2025, Luminar Technologies Inc. reported a revenue of $15.6 million, reflecting a 5% decrease compared to Q2 2024 and a 17% decline from Q1 2025. The company continued to focus on advancing key automotive milestones while pursuing growth opportunities in commercial markets, alongside strategic exits from non-core businesses to enhance operational efficiency.

Revenue Performance

Luminar Technologies Inc. reported a Q2 2025 revenue of $15.6 million, marking a 5% decrease year-over-year compared to Q2 2024 and a 17% decline quarter-over-quarter from Q1 2025. This decline aligns with the company's guidance for lower revenue in the current quarter.

Net Loss

The company recorded a GAAP net loss of $30.5 million, or $0.62 per share, and a non-GAAP net loss of $73.1 million, or $1.49 per share for Q2 2025. These figures indicate ongoing challenges in achieving profitability.

Operational Expenses

Operating expenses for Q2 2025 were $27.1 million on a GAAP basis and $47.0 million on a non-GAAP basis. Luminar is actively streamlining its operations by exiting non-core areas to reduce costs and improve financial discipline.

Cash Position

At the end of Q2 2025, Luminar held $107.6 million in cash and marketable securities. This excludes an undrawn $50 million line of credit, $180 million available under the equity financing program, and a $165 million convertible preferred facility, providing the company with substantial liquidity resources.

Business Milestones and Outlook

The company outlined several key milestones, including the ASIC tape-out for Halo by Q4 2025 and the launch of a high-volume production line in Thailand by the same quarter. Luminar revised its FY 2025 financial guidance to reflect lower shipment assumptions and the winding down of non-core businesses, projecting total revenue between $67 million and $74 million. For Q3 2025, revenue is expected to range from $17 million to $19 million.