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Luminar Technologies | 8-K: Fourth Quarter and Full Year 2023 Financial Results

Luminar Technologies | 8-K:2023年第四季度和全年財務業績

SEC announcement ·  02/28 05:06
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On February 27, 2024, Luminar Technologies, Inc., a Delaware-incorporated company listed on the Nasdaq under the trading symbol LAZR, filed a Form 8-K with the SEC to report its financial results for the fourth quarter and fiscal year ended December 31, 2023. The company issued a Letter to Shareholders detailing its performance, which is furnished as Exhibit 99.1 in the report. Luminar Technologies highlighted its focus on enhancing driver capabilities in consumer production vehicles with advanced ADAS and conditional automation, as opposed to fully autonomous vehicles. The company has successfully industrialized its Iris sensor to automotive grade standards and has begun deliveries from its manufacturing facility in Mexico. Despite a delay in the launch of Volvo Cars' EX90, which impacted revenue recognition, Luminar still achieved...Show More
On February 27, 2024, Luminar Technologies, Inc., a Delaware-incorporated company listed on the Nasdaq under the trading symbol LAZR, filed a Form 8-K with the SEC to report its financial results for the fourth quarter and fiscal year ended December 31, 2023. The company issued a Letter to Shareholders detailing its performance, which is furnished as Exhibit 99.1 in the report. Luminar Technologies highlighted its focus on enhancing driver capabilities in consumer production vehicles with advanced ADAS and conditional automation, as opposed to fully autonomous vehicles. The company has successfully industrialized its Iris sensor to automotive grade standards and has begun deliveries from its manufacturing facility in Mexico. Despite a delay in the launch of Volvo Cars' EX90, which impacted revenue recognition, Luminar still achieved 71% year-over-year growth in FY'23 and nearly 100% growth in Q4'23. The company's Order Book stands at approximately $3.8 billion, with over 25 vehicle lines and commercial programs awarded. Luminar's CFO, Thomas J. Fennimore, reported a gross loss higher than expected due to industrialization costs, but noted nearly $290 million in cash and marketable securities by the end of 2023. The company expects significant revenue growth in 2024, led by series production sensor sales as Volvo's production ramps up in Q2'24.
2024年2月27日,在納斯達克上市的特拉華州註冊公司Luminar Technologies, Inc. 向美國證券交易委員會提交了8-K表格,報告了截至2023年12月31日的第四季度和財年的財務業績。該公司發佈了一封致股東的信,詳細說明了其業績,該信函載於報告附錄99.1。Luminar Technologies強調其重點是增強具有先進ADAS和條件自動化的消費類量產車輛的駕駛員能力,而不是完全自動駕駛的汽車。該公司已成功實現虹膜傳感器的工業化,使其符合汽車級標準,並已開始從其位於墨西哥的製造工廠交付。儘管沃爾沃汽車EX90的推遲推出影響了收入確認,但Luminar在23財年仍實現了71...展開全部
2024年2月27日,在納斯達克上市的特拉華州註冊公司Luminar Technologies, Inc. 向美國證券交易委員會提交了8-K表格,報告了截至2023年12月31日的第四季度和財年的財務業績。該公司發佈了一封致股東的信,詳細說明了其業績,該信函載於報告附錄99.1。Luminar Technologies強調其重點是增強具有先進ADAS和條件自動化的消費類量產車輛的駕駛員能力,而不是完全自動駕駛的汽車。該公司已成功實現虹膜傳感器的工業化,使其符合汽車級標準,並已開始從其位於墨西哥的製造工廠交付。儘管沃爾沃汽車EX90的推遲推出影響了收入確認,但Luminar在23財年仍實現了71%的同比增長,在2023年第四季度實現了近100%的增長。該公司的訂單總額約爲38億美元,授予了超過25條汽車生產線和商業項目。Luminar的首席財務官托馬斯·芬尼莫爾報告稱,由於工業化成本,總虧損高於預期,但他指出,到2023年底,現金和有價證券將近2.9億美元。隨着沃爾沃在24年第二季度產量的增加,該公司預計,在量產傳感器銷售的帶動下,2024年的收入將大幅增長。

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