12/24/2023 0 Comments Luminar tech![]() ![]() Non-GAAP net loss and non-GAAP net loss per share came in at $65.03 million and $0.18, worsening 134.7% and 125% from the prior-year period, respectively. Weak Bottom Lineįor the fiscal second quarter ended June 30, LAZR’s non-GAAP gross loss widened significantly year-over-year to $10.91 million. LAZR is trading lower than its 50-day moving average of $8.53 and 200-Day moving average of $10.77, indicating a downtrend. Moreover, it has declined 26.7% over the past month to close its last trading session at $6.99. The stock has declined 58.7% year-to-date and 46.8% over the past six months. The company also raised guidance for the year-over-year growth of its order book from 40% to 60%. Moreover, LAZR raised its full-year 2022 revenue outlook to $40-$45 million, up from the $40 million guided earlier. For the fiscal second quarter, the company reported total revenue of $9.93 million, representing a 57.4% increase from its year-ago value and a positive surprise of 17.6% compared to the consensus estimate. The company operates through its two broad segments of Autonomy Solutions and Components. ( LAZR ) provides sensor technologies and software for passenger cars and commercial trucks. StockNewsĪutomotive technology company Luminar Technologies, Inc. Hence, the stock might be best avoided now. Despite management raising the company’s full-year revenue guidance, the stock is struggling to find support amid the current challenging market conditions. This story originally appeared on StockNewsĪuto technology company Luminar Technologies (LAZR) has reported wider losses for the last quarter. Despite management raising the company’s full-year revenue guidance, the stock is struggling to find support amid. Now Isn’t the Time to Park Any Cash in This StockĪuto technology company Luminar Technologies (LAZR) has reported wider losses for the last quarter.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |