1/8/2024 0 Comments Luminar stock lidar![]() ![]() ( OTCPK:NSANY) for 4 million units of annual vehicle production.įor these reasons, CFO Tom Fennimore discussed at the recent Deutsche Bank Global Auto Industry conference that up to 75% of the 2027 revenue targets are already on the future contracted order book as follows: ![]() As well, the Lidar technology company appears all but already designed into the ProPILOT stack being developed by Nissan Motor Co., Ltd. Luminar already has production deals with AB Volvo (publ) ( OTCPK:VOLVF), Mercedes-Benz Group AG ( OTCPK:MBGAF), Polestar Automotive Holding UK PLC ( PSNY), and SiAC in China. The key here is that such growth of a $40 million revenue base in 2022 starts slow, but the number soars to nearly $1.3 billion by 2027. ![]() The company just reported Q1'23 revenues of $14.5 million, so the market hasn't been too impressed about the 100% growth targets off such a small base. The Lidar company has promoted a 100% growth rate over the next 5 years through 2027. Luminar is in a far different position, though both sectors are reliant on massive sales projections by the end of the decade. The eVTOL aircraft manufacturer soared some 200% in a couple of months on news surrounding certification of an aircraft with expected initial deliveries a year out and material revenues not arriving until 2025. The Joby Aviation ( JOBY) rally should provide some signals that Luminar could hit a launch pad as well. One such company is Luminar with big automotive Lidar deals already signed and on the way towards launch. My investment thesis remains ultra-Bullish on LAZR stock after the breakout above $7.Ī lot of SPACs made huge promises a few years back, but only a few of those companies are still backing up huge financial targets. Luminar Technologies ( NASDAQ: LAZR) falls right into that category as the company prepares for the production launch of several automotive Lidar deals. After a couple of brutal years, the leading SPACs are starting to perk up. ![]()
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