Luminar Technologies, Inc. (LAZR) Q3 2024 Earnings Call Transcript Summary
Luminar Technologies, Inc. (LAZR) Q3 2024 Earnings Call Transcript Summary
Despite a decrease in revenue, there was an over $20 million improvement in free cash flow, marking the largest ever in Luminar's history, due to aggressive cost-down measures.The following is a summary of the Luminar Technologies, Inc. (LAZR) Q3 2024 Earnings Call Transcript:
以下是luminar technologies公司（LAZR）2024年第三季度業績會議電話摘要：
Financial Performance:
財務表現:
Luminar Technologies reported a Q3 revenue of $15.5 million, down 7% quarter-over-quarter and 9% year-over-year, primarily due to renegotiation of a large contract.
Gross loss for the quarter was reported at negative $14 million on a GAAP basis, and negative $11.7 million on a non-GAAP basis.
Despite a decrease in revenue, there was an over $20 million improvement in free cash flow, marking the largest ever in Luminar's history, due to aggressive cost-down measures.
luminar technologies報告第三季度營業收入爲$1550萬，環比下降7%，同比下降9%，主要是由於一項大型合同的重新談判。
本季度的毛損報告在美國通用會計準則（GAAP）基礎上爲負$1400萬，非通用會計準則（非GAAP）基礎上爲負$1170萬。
儘管營收減少，但由於積極的成本降低措施，自由現金流增加超過$2000萬，創下luminar歷史上最大的一次，
Business Progress:
業務進展：
Volvo has started global deliveries of the EX90 equipped with Luminar's technology and plans to include Luminar as standard equipment on another upcoming model.
Announced a new advanced development contract with a Japanese OEM for next-generation assisted driving systems.
Luminar's next generation product, Halo, achieved a technical milestone by generating its first point cloud, projecting to launch in 2026.
Accelerating Halo development using knowledge gained from the previous model, Iris, for quicker turnaround and optimizing costs through partnerships.
沃爾沃已開始全球交付配備luminar技術的EX90，並計劃將luminar作爲另一款即將推出的車型的標準配置。
宣佈與日本一家原始設備製造商簽署一份新的先進開發合同，用於下一代輔助駕駛系統。
Luminar Technologies的下一代產品Halo取得了一個技術里程碑，生成了其第一個點雲，預計將於2026年推出。
利用之前模型Iris所獲得的知識加快Halo的開發，通過合作伙伴關係優化成本。
Opportunities:
機會：
Strong performance and adoption of Luminar's Lidar in Volvo's EX90 model and upcoming models underscore growing OEM integration and acceptance towards Luminar's technology.
Luminar's developing relationships with other key automotive companies, including an undisclosed Japanese OEM for next-generation driving systems, point toward additional growth opportunities.
Luminar的Lidar在沃爾沃EX90車型及未來車型中的強勁表現和應用，凸顯了OEm整合和對Luminar技術的接受度不斷增長。
Luminar正與其他重要汽車公司建立關係，包括一家未披露的日本OEm合作開發下一代駕駛系統，指向着額外的增長機會。
Risks:
風險：
In the near term, continued challenges in the broader automotive industry could impact production and adoption rates, potentially slowing down the deployment of Luminar's technology in new automotive platforms.
在短期內，汽車行業整體面臨持續挑戰，可能影響生產和接受速度，潛在地減緩Luminar技術在新汽車平台上的部署。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
